NetSuite OneWorld Powers Global Manufacturing Efficiency 

Overview

About the Client

This case study highlights how a leading global manufacturing enterprise leveraged NetSuite OneWorld to overcome complex operational challenges and achieve significant growth and efficiency. 

The client is a prominent global manufacturing company specializing in consumer electronics. With production facilities and sales offices spanning North America, Europe, and Asia, they manage a diverse product portfolio and serve a vast international customer base. Their operations involve intricate supply chain management, from raw material procurement to finished goods distribution across various countries. 

Challenges Faced 

Before implementing NetSuite OneWorld, the manufacturing client struggled with a fragmented IT landscape. Key challenges included: 

• Disparate Systems: Multiple legacy ERP systems and spreadsheets across subsidiaries led to data silos and inconsistencies, hindering a unified view of global operations. 

• Manual Financial Consolidation: Lengthy and error-prone month-end and quarter-end close processes due to manual multi-currency accounting and intercompany reconciliations. 

• Lack of Real-time Visibility: Limited real-time insights into global inventory, production schedules, and sales performance across different regions, impacting strategic decision-making. 

• Compliance Complexities: Difficulty in adhering to diverse local tax regulations and compliance standards across various international markets. 

• Inefficient Supply Chain: Suboptimal supply chain optimization due to a lack of integrated planning and fragmented inventory data. 

Our Solution 

Our team partnered with the global manufacturer to implement a comprehensive NetSuite OneWorld ERP solution. The strategy focused on centralizing all business processes onto a single, integrated cloud platform, providing a “single source of truth” for financial, operational, and customer data. The solution was tailored to support their specific manufacturing ERP needs, including advanced inventory, production, and procurement functionalities. 

Technology & Tools Implementation 

The core of the solution was NetSuite OneWorld, deployed to manage all multi-subsidiary management requirements. Key modules and features implemented included: 

• Global Financial Management: Consolidated General Ledger, Accounts Payable, Accounts Receivable, and automated multi-currency and intercompany transaction management. 

• Advanced Inventory Management: Real-time tracking of inventory across all global warehouses and production sites, optimizing stock levels and reducing carrying costs. 

• Manufacturing & Supply Chain: Production planning, work order management, bill of materials (BOM), and procurement automation to streamline manufacturing processes. 

• Localized Tax and Compliance: Configuration for automatic calculation and reporting of local taxes in different jurisdictions, ensuring global compliance. 

• Reporting & Analytics: Customizable dashboards and reporting tools for real-time financial consolidation, operational performance metrics, and sales analytics. 

Results

The Impact and Outcome 

The implementation of NetSuite OneWorld yielded transformative results for the global manufacturing company: 

• Streamlined Operations: Achieved a significant reduction in manual data entry and improved overall operational efficiency across all subsidiaries. 

• Accelerated Financial Close: Reduced the time for monthly and quarterly financial closes by 50%, enabling faster reporting and decision-making. 

• Enhanced Visibility: Gained real-time, consolidated visibility into global inventory, sales, and financial performance, leading to better forecasting and demand planning. 

• Improved Compliance: Ensured consistent adherence to international and local tax regulations, significantly mitigating compliance risks. 

• Scalability for Growth: The unified platform provided a scalable foundation, enabling the company to efficiently expand into new markets and integrate new subsidiaries without additional IT complexities. 

This strategic ERP implementation empowered the manufacturing client to optimize their operations, enhance profitability, and sustain competitive advantage in the dynamic global market.