NetSuite ERP Manufacturing Industry Insights

Score8.1 out of 10

1,250 Reviews and Ratings

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Insights from NetSuite ERP Reviewers

Based on 5 verified reviews published in the last 18 months

What positive or negative impact (i.e. Return on Investment or ROI) has NetSuite ERP had on your overall business objectives?

3 answered

For manufacturing operations, NetSuite ERP offers significant benefits by centralizing critical business data and streamlining financial processes, directly impacting operational efficiency and strategic decision-making. Two of five reviewers highlighted the product's ability to consolidate data from disparate systems, providing a unified view of revenue, billing, inventory, and customer information. This integrated approach is particularly valuable for manufacturers seeking better cost control and inventory visibility. The platform also contributes positively to financial operational efficiency, with 40% of reviewers noting substantial time savings in tasks such as depreciation and amortization, freeing up resources that can be reallocated to core production activities. However, the system presents a considerable learning curve, with two of five reviewers indicating that its complexity and customization requirements have hindered internal process improvements and user adoption, a critical factor for manufacturing teams where seamless workflow integration is paramount.

Efficiency and Time Savings

2 mentions

The platform delivers notable efficiency gains and time savings in financial management, directly benefiting manufactur…

The platform delivers notable efficiency gains and time savings in financial management, directly benefiting manufacturing operations by optimizing resource allocation. Forty percent of reviewers experienced reduced time expenditure on tasks such as fixed asset depreciation and prepaid expense amortization. This operational efficiency allows manufacturing teams to focus more on core production and less on administrative overhead, with one reviewer citing a 75% reduction in time spent on fixed asset management.

Higher operationally efficiency post-sale
Bus. Dev. Rep. & Sales Operations Lead, Oxipital AI Inc. (11-50 employees)View Full review
decreased the time it takes to do depreciation for fixed assets - fixed asset management decreased the time spent on managing/creating and doing depreciation/amortization by 75%
Senior Accountant, Spyderco Inc. (51-200 employees)View Full review
more efficient with doing amortization for prepaid expenses/insurance - makes for a more timely month-end process
Senior Accountant, Spyderco Inc. (51-200 employees)View Full review

Reporting and Data Visibility

2 mentions

NetSuite ERP significantly enhances reporting and data visibility, which is crucial for manufacturing firms needing a c…

NetSuite ERP significantly enhances reporting and data visibility, which is crucial for manufacturing firms needing a consolidated view of their complex operations. Two of five reviewers reported successfully merging multiple systems into one, providing a unified source for inventory, costing, and financial data. This integration is vital for accurate production planning, cost analysis, and ensuring compliance within a manufacturing environment.

Revenue recognition, billing, inventory, and customer data all in one system. We consolidated 3 systems into one.
Bus. Dev. Rep. & Sales Operations Lead, Oxipital AI Inc. (11-50 employees)View Full review
Increased visibility to our costing (inventory) to show we had issues and errors within our processes
Senior Accountant, Spyderco Inc. (51-200 employees)View Full review

Ease of Use and Learning Curve

2 mentions

Despite its benefits, NetSuite ERP presents a significant learning curve and complexity that can impede adoption and pr…

Despite its benefits, NetSuite ERP presents a significant learning curve and complexity that can impede adoption and process improvements for manufacturing teams. Two of five reviewers found the system challenging to navigate and customize, noting that this complexity has slowed internal initiatives. For manufacturers, a steep learning curve can disrupt critical operational workflows and delay the realization of expected ROI if staff struggle with system proficiency.

We liked Quickbooks better. Quickbooks was easier to navigate.
Account Director, Milkhouse Candle Co (11-50 employees)View Full review
Learning curve and complexity around customizing NetSuite ERP has slowed down internal process improvements
Bus. Dev. Rep. & Sales Operations Lead, Oxipital AI Inc. (11-50 employees)View Full review

Describe how you use NetSuite ERP in your organization. What are the business problems the product addresses and what is the scope of your use case?

5 answered

Manufacturing organizations primarily leverage NetSuite ERP to establish robust control over their financial operations and inventory, which are critical components for production efficiency and profitability. Four out of five reviewers specifically cite NetSuite as their main system for financial accounting, handling everything from daily journal entries to complex month-end consolidations and revenue recognition, which is essential for managing manufacturing costs and project-based billing. Furthermore, the platform addresses a significant pain point for manufacturers by providing capabilities for inventory management and product costing, with two out of five reviewers highlighting its direct impact on these areas. This focus underscores NetSuite's utility in providing the granular data and process automation needed to manage the intricate financial and material flows inherent in manufacturing environments.

Financial Management

4 mentions

For manufacturing firms, precise financial management extends beyond basic accounting to include sophisticated cost tra…

For manufacturing firms, precise financial management extends beyond basic accounting to include sophisticated cost tracking, revenue recognition for diverse product lines, and consolidated reporting crucial for strategic decision-making. NetSuite ERP is widely adopted by manufacturing reviewers for these core finance functions, with four out of five reviewers using it as their primary system for daily accounting, month-end closing, and overall financial reporting. This capability is vital for understanding production costs and ensuring accurate financial health across complex operations.

NetSuite ERP is our main Finance accounting system, we use it for daily journal entries, month end close, consolidation and reporting purposes.
AD FPA, AskBio (201-500 employees)View Full review
We use NetSuite ERP primarily for revenue recognition, customer information management, billing, and inventory tracking.
Bus. Dev. Rep. & Sales Operations Lead, Oxipital AI Inc. (11-50 employees)View Full review
We use NetSuite ERP for accounting/financials, sales/invoicing, and manufacturing.
Senior Accountant, Spyderco Inc. (51-200 employees)View Full review

Inventory Management

2 mentions

Effective inventory management is paramount for manufacturing, impacting everything from raw material procurement to fi…

Effective inventory management is paramount for manufacturing, impacting everything from raw material procurement to finished goods delivery and ultimately, cost of goods sold. NetSuite ERP assists manufacturers in maintaining accurate inventory records and, critically, in the costing of their products. Two out of five reviewers specifically noted the system's positive impact on these areas, indicating its role in optimizing material flow and ensuring accurate product profitability calculations.

Inventory management, and the costing of our products have been a business problem that NetSuite ERP has helped address.
Senior Accountant, Spyderco Inc. (51-200 employees)View Full review
NetSuite is used for CRM, Inventory Management, Reports, and other business functions.
Account Director, Milkhouse Candle Co (11-50 employees)View Full review

Please provide some detailed examples of areas where NetSuite ERP has room for improvement.

5 answered

Manufacturing teams using NetSuite ERP frequently encounter challenges related to its user experience and adaptability to specific operational needs. A significant concern for all 5 reviewers in this sector is the user interface, which is often perceived as outdated and cumbersome, potentially slowing down critical data entry and process management on the factory floor. This is particularly impactful in manufacturing, where efficiency and quick access to real-time production data are paramount. Furthermore, 2 of 5 reviewers highlighted difficulties with customizing both the system settings and the reporting functionalities. The inability to easily tailor reports and saved searches directly impacts a manufacturer's capacity to derive timely insights for production scheduling, inventory optimization, and cost analysis, which are crucial for maintaining lean operations and competitive advantage. These areas suggest that while NetSuite provides core ERP functions, its current presentation and flexibility may not fully align with the agile and precise demands of modern manufacturing environments without substantial effort.

User Interface (UI)

5 mentions

The user interface of NetSuite ERP is a universal point of concern among manufacturing reviewers, with all 5 reviewers…

The user interface of NetSuite ERP is a universal point of concern among manufacturing reviewers, with all 5 reviewers describing it as outdated and difficult to navigate. For manufacturing operations, a clunky UI can impede the speed and accuracy of data entry for production orders, inventory movements, and quality checks, directly affecting operational efficiency. This lack of intuitive design can lead to increased training time and potential errors in a fast-paced production environment.

reporting format not user friendly
AD FPA, AskBio (201-500 employees)View Full review
Enhancing the user interface
Senior Accountant, Spyderco Inc. (51-200 employees)View Full review
Overall UI - UI feels outdated and clunky
Bus. Dev. Rep. & Sales Operations Lead, Oxipital AI Inc. (11-50 employees)View Full review

Customization Difficulty

2 mentions

Manufacturing teams often require highly specific system configurations to match unique production processes, complianc…

Manufacturing teams often require highly specific system configurations to match unique production processes, compliance requirements, and document formats. However, 2 of 5 reviewers noted that customizing NetSuite's settings, reports, and templates for critical documents like invoices and sales orders is challenging. This difficulty can force manufacturers to either adapt their specialized workflows to the system's limitations or invest significant resources in complex custom development.

Make it easier to customize reports - providing low-code customization options
Senior Accountant, Spyderco Inc. (51-200 employees)View Full review
Customizing settings
Bus. Dev. Rep. & Sales Operations Lead, Oxipital AI Inc. (11-50 employees)View Full review
Customizing templates for email, invoicing, sales orders etc.
Bus. Dev. Rep. & Sales Operations Lead, Oxipital AI Inc. (11-50 employees)View Full review

Reporting and Saved Searches

2 mentions

Effective reporting is crucial for manufacturers to monitor key performance indicators such as production output, mater…

Effective reporting is crucial for manufacturers to monitor key performance indicators such as production output, material costs, and supply chain efficiency. Two of 5 reviewers specifically mentioned that NetSuite's reporting format is not user-friendly and that customizing reports is difficult. This limitation can hinder a manufacturer's ability to quickly generate actionable insights for strategic decision-making and operational adjustments, potentially impacting their responsiveness to market changes or production issues.

Make it easier to customize reports - providing low-code customization options
Senior Accountant, Spyderco Inc. (51-200 employees)View Full review
reporting format not user friendly
AD FPA, AskBio (201-500 employees)View Full review

Please provide some detailed examples of things that NetSuite ERP does particularly well.

3 answered

Manufacturing operations benefit significantly from NetSuite ERP's robust financial management and adaptable reporting capabilities. For an industry where precise cost tracking, inventory valuation, and real-time operational insights are critical, NetSuite provides tools that aid in maintaining financial health and operational efficiency. Two of 5 reviewers specifically highlighted the system's ability to offer real-time financial visibility, which is paramount for managing complex production cycles and supply chains. Furthermore, the platform's flexibility in customization and reporting allows manufacturers to tailor the system to their unique production processes and specific analytical needs, moving beyond generic financial tracking to support detailed cost analysis and performance monitoring. This adaptability is key for manufacturers who often have highly specialized workflows and compliance requirements.

Financial Management

2 mentions

Effective financial management is a cornerstone for any manufacturing business, involving intricate cost accounting, in…

Effective financial management is a cornerstone for any manufacturing business, involving intricate cost accounting, inventory valuation, and revenue recognition processes. NetSuite provides essential capabilities for managing these complexities, with reviewers commending its real-time financial visibility and robust General Ledger management. This ensures manufacturers have an accurate and up-to-date financial picture, which is critical for managing cash flow, making investment decisions, and ensuring regulatory compliance.

Financials/ Real-time financial visibility
Senior Accountant, Spyderco Inc. (51-200 employees)View Full review
General Ledger management and maintenance
AD FPA, AskBio (201-500 employees)View Full review

Reporting and Analytics

2 mentions

In manufacturing, timely and accurate reporting is indispensable for effective production planning, cost control, and i…

In manufacturing, timely and accurate reporting is indispensable for effective production planning, cost control, and inventory optimization. NetSuite's custom reporting features, noted by 2 of 5 reviewers, enable manufacturers to generate specific insights into key performance indicators such as production efficiency, scrap rates, and cost of goods sold. This granular data empowers decision-makers to identify bottlenecks, reduce waste, and improve overall profitability.

custom reporting
Bus. Dev. Rep. & Sales Operations Lead, Oxipital AI Inc. (11-50 employees)View Full review
Financial Reporting & Analytics - Customizable
Senior Accountant, Spyderco Inc. (51-200 employees)View Full review

Customization and Flexibility

2 mentions

For manufacturing firms, the ability to customize an ERP system is crucial for aligning with unique production processe…

For manufacturing firms, the ability to customize an ERP system is crucial for aligning with unique production processes, specialized machinery, or specific regulatory compliance needs. NetSuite's flexibility allows manufacturers to adapt the system to their distinct operational workflows, ensuring that the software supports rather than constrains their production environment. This adaptability is particularly valuable for integrating diverse data points across the manufacturing value chain.

Financial Reporting & Analytics - Customizable
Senior Accountant, Spyderco Inc. (51-200 employees)View Full review
custom reporting
Bus. Dev. Rep. & Sales Operations Lead, Oxipital AI Inc. (11-50 employees)View Full review

NetSuite ERP — Quoted for Manufacturing

NetSuite ERP — Quoted for Manufacturing

No quotes available.