Every manufacturing process depends on maintaining inventory visibility. This becomes more challenging as business processes become more intricate and you add more manufacturing facilities, warehouses, and sales channels. The process becomes even more difficult when a subcontractor is involved. Proper inventory visibility becomes even more crucial for running your company profitably and successfully.
With NetSuite's new Outsourced Manufacturing functionality, businesses can proactively manage products made by third parties just as they would in-house products. This ensures transparency and accuracy at every stage of the process.
Track the assembly production process as it is outsourced to a third party from a PO or a WO. You can even do so along with build instructions and specific attributes. You can better control the subcontracted manufacturing processes by including thorough build instructions within the PO itself.
NetSuite can automatically keep track of parts in your warehouse and those that have been sent to a third party. A feature that will help with overall demand forecasting.