Oracle NetSuite Corporate Communications
NetSuite Customer Quirky and Industry Leading Analyst to Highlight Cloud Capabilities to Improve Supply Chain Collaboration, Visibility and Agility to Better Meet Customer Demands
SAN MATEO, Calif.—October 08, 2013—NetSuite Inc. (NYSE: N), the industry's leading provider of cloud-based financials / ERP and omnichannel commerce software suites, today announced a webinar titled "How the Cloud is Transforming Today's Supply Chain" to explore how leading companies are using cloud software and infrastructure to improve collaboration with suppliers, partners and customers, increase speed and agility in complex global supply networks and gain new real-time visibility into critical business and production information to make smarter, data-driven decisions.
The webinar, scheduled for Thursday, October 10, will feature insights from leading industry analyst and guest speaker Simon Ellis, practice director at IDC Manufacturing Insights, on key challenges and opportunities facing manufacturers and distributors and how leaders are turning to cloud technology to cost-effectively procure IT services while dramatically improving supply chain efficiency. Participants will also hear from social product development company, Quirky. Justin Stevens, operations manager at Quirky, will outline the benefits his fast-growing company has realised since it launched in 2009 on NetSuite's industry-leading cloud business management solution. Participants will also have the opportunity to download a complimentary IDC Manufacturing Insights white paper, "Cloud-Based Supply Chains: Transforming Manufacturing Performance." To learn more about the webinar and to register, please click here.
The shift towards cloud-based solutions is accelerating across the manufacturing industry as companies abandon disparate on-premise systems that offer limited capabilities for efficiency and visibility, while requiring large IT investments for implementation and ongoing upgrades and troubleshooting. Research by IDC Manufacturing Insights shows that nearly half of all manufacturers are either implementing or considering cloud computing over the next one to three years. Manufacturers running NetSuite report that they have significantly improved their ability to source, produce, transport and deliver goods while optimizing their supply chain efficiency and pricing models with visibility into all costs associated with a product or customer, including transportation and service levels. NetSuite's demand planning capabilities are giving manufacturers advanced forecasting ability to source components across diverse supply networks and optimise production, while tools for partner relationship management (PRM) enable them to strengthen relationships with partners. Improving supply chain performance is a key focus area for manufacturers as they seek to reduce costs, manage global supply networks of increasing complexity, and serve customers with sound pricing, product availability and fast fulfilment while protecting margin.
With NetSuite, innovators such as Quirky, audio speaker and headset maker Jawbone and light-field camera manufacturer Lytro are able to:
Improve supply chain collaboration. A cloud platform utilizing real-time data, accessible on demand, supplies a common framework for manufacturers to heighten collaboration with suppliers, partners and customers to optimise production, improve speed of execution and better satisfy customer needs.
Increase agility and speed. Integrated data and end-to-end visibility across the extended supply network on a cloud platform enables manufacturers to reduce cycle times and rapidly address emerging opportunities and threats.
Manage volatility and complexity. Cloud solutions give manufacturers new IT and business resilience to better manage large-scale fluctuations in supply and demand across complex networks while minimising the impact of disruptions.
Today, more than 16,000 companies and subsidiaries depend on NetSuite to run complex, mission-critical business processes globally in the cloud. Since its inception in 1998, NetSuite has established itself as the leading provider of enterprise-class cloud financials/ERP suites for divisions of large enterprises and mid-sized organisations seeking to upgrade their antiquated client/server ERP systems. NetSuite excels at streamlining business operations as demonstrated in a recent Gartner study naming NetSuite as the fastest growing financial management software vendor on a global basis. NetSuite continues its success in delivering the best cloud ERP/financials suites to businesses around the world, enabling them to lower IT costs significantly while increasing productivity, as the global adoption of the cloud is accelerating.
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