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How are Australian Service Companies Thriving Overseas?

How are Australian Service Companies Thriving Overseas?

The Australian economy is largely made up of businesses that provide either services or goods and services. Service businesses employ four out of five Australians and represent over 70 per cent of gross domestic product (GDP) in the country. Despite operational challenges of scaling a service business globally, a number of Aussie Service companies are not just thriving domestically, they are hammering the competition on the international stage.

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Service and service with goods made 40% of exports in 2016

There is a world of potential customers searching for excellent quality services across a wide range of industries. For Australia, the services sector accounts for most of the trading that occurs with other countries. Services made up 21.6% of total exports in 2016, and when goods are considered, they account for 40% of export earnings. The value of the services trade rose by 9.4 per cent in 2018 totalling $190.6 billion, and the share was below average that year at 22.4 per cent.

According to the WTO time-series database, US and China are Australia’s major trade partners for imports. The US accounts for 10.0 per cent of the world’s imports, which is up 4.0 per cent each year since 2013. China comes in second with 7.7 per cent increases each year.

Despite challenges, globalisation offers Australian businesses a prime opportunity to discover potential customers. With the yearly increases in service imports, Australian companies find significant growth opportunities whilst offering their services overseas. However, to truly transform local services into worldwide success, one crucial element is needed: the right technology backbone to support a multi-location business.

Made in Australia for the world.

Many lessons can be learned from local success stories. Poolwerx is one example of a company that is finding success in foreign markets. Having a Cloud ERP system that is global-ready was one of the many key factors that enabled their international expansion.

Poolwerx was founded in 1992, and it revolutionised the pool service industry with its network of pool and spa maintenance technicians. They started a franchise model that utilises the latest pool maintenance technology in Australia. This model facilitated Poolwerx expansion, they have now 160 retail stores and over 575 vans servicing in Australia, New Zealand and America.

Poolwerx success story was featured in the Keynote of NetSuite SuiteConnect in Sydney in February 2020 for its use of NetSuite + NextService. John O’Brien, Founder and CEO of Poolwerx, credited the platform: “With NetSuite, we have better visibility and control. We’re able to have a single source of truth that monitors and reports all franchisee performance, affording us the opportunity to operate as a small team, despite being globally dispersed.”

Poolwerx plans to expand across the US southern tier, the Sun Belt, with a five-year business development strategy targeting verticals in the commercial sector, schools, hotels and fitness centres. NetSuite and NextService will provide technological support for their innovation and international growth.

SprintQuip is another company that achieved success with the help of NetSuite. NextService, a customised field service platform built-in NetSuite was the backbone of the company’s global expansion.

SprintQuip offers cash machine products, including ticket counters, weighers and scales, deposit machines, money safes, sorters, along with service support. Stephen Basford, the General Manager of Systems and Compliance, says the company’s success is due to the efficiencies NextService created in the field and the back-office administration. This has improved customer response times and simplified scheduling and billing systems.

The company now sells and services Cash Machines in Singapore and the UK. Whilst the Head-Office is in Australia, SprintQuip was able to expand into Singapore supported by NetSuite OneWorld technology. The company then entered into the UK by acquiring a local company and quickly onboarding them to the platform. Basford says that NetSuite with NextService was crucial for the business to expand its operations overseas.

The Benefits of OneWorld Technology

Technological advances that were inconceivable even a few decades ago allow us today to connect easier than ever, erasing borders, homogenising cultures and globalising business. But that does not change the fact that companies must be adapted to perform on a local level. NetSuite OneWorld supports global and country-specific requirements addressing the complex multinational and multi-company needs of global organisations.

Businesses exporting their services overseas to access a broader customer-base realise that data transparency becomes a priority when sharing critical information with trading partners and consumers. NetSuite OneWorld benefits businesses by offering real-time visibility into business performance through financial and operational dashboards and reports. These global business insights enable them to build trust and achieve better visibility to all parts of their businesses to drive improvements and react faster and more effectively when problems occur.

Building an international team these days can be easily achieved through partnerships, alliances, and direct hiring, thus having technology that supports global workforce management is essential for companies planning to trade overseas. NetSuite OneWorld is web-based, allowing employees, board members and associates to access the platform from anywhere in the world in their language. It also supports popular mobile devices for data and functionality on-the-go. User permissions management in the business workflow is available within the platform.

Expanding to offshore markets comes with a whole new set of operational challenges in global accountancy, rules, taxation and regulations vary significantly for each country. OneWorld makes NetSuite the leading ERP for global SMEs with its best-in-class currency manager, which includes 190+ currency and exchange rates allowing users to do business across the globe from day one and accepting many forms of payment. Other functionalities include currency conversion and financial consolidation across business units and a comprehensive range of international tax structures. You can adjust for currency, taxation and legal compliance differences at the local level, with regional and global business consolidation and roll-up.

NetSuite Guide for Field Service Companies

Do you own a service company and you’re searching to export your services? Download this guide with all the modules and technologies integrated into NetSuite, the cloud-based ERP that can support your international expansion.

Opportunities to establish a service business abroad

Don’t underestimate the international demand for your services, globalised consumers are increasingly willing to experiment with services that bring something new to the table. Several Australian service companies with innovative technology are growing overseas as a result of a flattening global economy and the possibility to focus on vertical rather than geographic markets.

The service industry will see substantial growth, the Australian Performance of Services Index (Australian PSI®) is expected to be 46.80 points by the end of this quarter and to continue to grow to 53.00 points by 2021. Australia, Singapore and Sweden have been named as the most prepared countries for technological changes, according to the Economist Intelligence Unit (EIU). They have also been called the most attractive places for investing in tech companies from 2018 to 2022.

Starting a business nowadays is a simple and straightforward process in virtually every country, and a number of governments actively encourage foreign investors to set up shop, through taxation perks and benefits. With the right technological support and strategy, businesses can start trading overseas in less than a month, and it doesn’t cost thousands of dollars. Technological advances in the past decade like NetSuite OneWorld are taking Australian brands globally more quickly and efficiently than ever offering organisations a way to handle multinational and multi-company needs.

NetSuite not only enables international expansion with OneWorld, it is one of the leading accounting/ERP platforms in the world that also offers Customer Relationship Management, eCommerce, Warehouse Management, Field Service automation and Professional Services Automation solutions. Such a comprehensive platform helps multinational businesses align their complete operations. NetSuite’s Centralised BMP nature gives real-time visibility for businesses, ensuring consistent compliance management and alleviating the need for several disparate software. All areas of the company can be run by a single cloud software anywhere in the world.

Need a specialist’s free advice?

Feel free to call an expert in NetSuite OneWorld and NextService for Field Service Businesses today. Find out how cloud-based technology can help your service business become an international beast.

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The Smoke is Dissipating, How can Technology Providers Help Australian Agroindustry?

The Smoke is Dissipating, How can Technology Providers Help Australian Agroindustry?

The last three years have been severe for Australian farmers as a whole. Recovering and restoring business after the bush fire season might be a part of our strong culture and producers down under are used to adapting and surviving. Still, with a bush fire season that broke all records of destruction, prevailing drought conditions and intense floods, it’s not hard to imagine why the agroindustry is under stress. It is sure to take an unprecedented amount of time and effort to rebuild the industry and get going.

Young and old growers around the country are bringing change into the sector to reactivate their farms, as with everything, modernising agricultural practices using automation and other technology promises a way forward. Every day more farmers adopt the idea of using technology to combat their problems, lower their costs and improve their efficiency.

The need for better farm technology leaves the onus on automation and machinery manufacturers to come up with stand-out products and services. Technology service providers play now, more than ever, a pivotal role in helping farmers get back on their feet and thrive again.

Machinery Distribution Business Opportunities in The Agroindustry

Some help is coming to farmers through Regional Australian governments who have been providing a number of relief packages to relieve the bush-fire affected producers. For example, NSW is set to offer grants of up to $75,000 for affected victims. These grants can be utilised to revamp vital infrastructure and machinery that could make an immediate impact on production.

Machinery distributors have an opportunity to provide new products and services to farmers in need all across the country. For technology providers to succeed in the market, great farming products must come along with great service, guidance and counsel. Service technicians on the field must sympathise with the pains of growers and enable them with better solutions, maintenance and insurance plans.

Haying has seen a constant growth of above 3% annually and its expected to amount $10b in value by 2026.

A promising sector where technology providers can help is the haying and forage industry, and it is no secret that machinery is its backbone. The haying industry has seen constant growth at a rate of above 3% annually irrespective of problems and prejudices. Even after the 2019-2020 Black Summer bush-fire season, which severely affected this vital cog for Australia, the sector is expected to grow to more than $10,360 million in value by 2026. Hence, this proves to be an opportunity for machinery manufacturers and distributors to increase their margins in sales, lease and maintenance plans.

Recent data on Australian farmers also shows how there is a real disposition to spend on automated machinery. They recognise that in the long-run, automation will bring yields that are worth the initial time and investment. Machinery distributors should not wait for the farmers to come to them, but they should get to the field and help to grow the industry.

One significant example of the benefits in farm automation is the robots that SwarmFarm Robotics and Green Atlas developed for an apple farm in Queensland and are now planning to distribute for the industry. Tasks like flower counting and thinning operations that required several human hands in the past can now be done with the help of machinery with ease. Additionally, the accuracy and precision of these Aussie-made robots are exemplary. Australian growers are open to embracing technology that makes life easy for them.

It’s not just new inventions that are getting the producer’s attention, though. Heavy machinery like tractors are being sold in increasing numbers around the country. Last December 2019, we saw an unprecedented 7.5% increase in tractor sales compared to December of the previous year. Although smaller tractors are weathering a decline in sales, the over-200hp category is in its hay days. From April to June 2019, there was a 44% surge in the numbers sold.

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7.5% increase in tractor sales from Dec 2018 to Dec 2019

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Surge in sales in the over-200hp tractor category

Distribution and Servicing Challenges

The increasing interest of farmers in heavy machinery and automation also means that Agroindustry machinery distributors need to be on the top of their game to reach the farmers. Moreover, heavy machinery also comes with a need to be maintained and serviced correctly. As machines become more intricate, technical issues are something that farmers cannot deal with themselves. Therefore, an in-field team with exceptional technical abilities is vital to retain customers.

Scheduling of these technical staff again can be a daunting task. However, here also, technology comes to the rescue. NextService is a scheduler running on the popular NetSuite platform that connects dispatchers to the technical staff. 

When it comes to repairs, farmers want a quick response followed by a one-time visit to resolve the problem. However, that is far from reality, as 23% of the time the technician will have to do a check-up visit. With a NetSuite-based platform like NextService, the check-up visit rates can go down. Technical staff are equipped with advanced diagnostics and predictive inventory that can be monitored and re-located by dispatchers on a centralised platform improving the First-Time-Fix rate.

Moreover, the process becomes much more straightforward as the manufacturer can track the components that have been serviced using interactive dashboards. The dashboard gives vital data about the work being done by the technicians, the time required to complete it and the average time to complete such requests.

That’s not all, if a customer opts for a service contract along with the machinery, service providers don’t have to worry about executing their farm machinery servicing request on time. This is also done through the NextService software.

Download NetSuite Guide for Field Service

In this guide you can find all the modules and technologies integrated into NetSuite, the cloud-based ERP that can support your machinery distribution business growth.

Enabling Long-Term Business Relationship.

Farming is one of those areas which has been left behind by the automation and technology revolution. However, farmers are gradually realising the potential of adopting these new changes. Furthermore, after the late bush-fires and flooding which have ravaged existing infrastructure, farmers, as they always do, will fight to get back on track. This presents an excellent opportunity for Agroindustry machinery distributors to enable firm business relationships with producers and help them reactivate the industry.

For service providers, having a strong technology backbone like NetSuite can be a great differentiator that enables business. The penetration rate of field service application in Australia is quite low at 25%, and as technology providers, leader distributors will be those who embrace modernising systems themselves. Backed up by a reliable business platform like NetSuite + NextService agroindustry field service providers can nurture their customers old and new and maintain a long and stable business relationship.

Need a specialist’s free advice?

Feel free to call an expert in Machinery Distribution ERP Systems today. Find out how cloud-based technology can make your agro-technology distrubution and servicing business a real customer-centric beast.

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Sunny Days for Agribusiness Solar Distributors

Sunny Days for Agribusiness Solar Distributors

Australian farmers have always looked to the sun for their livelihood. Now more than ever, the sun may be the key to a successful future and a growing business opportunity for solar providers and solar plumbing companies. As environmental concerns are causing many industries to move away from fossil fuels, farms are already making progress in replacing diesel with photovoltaic (PV) technology.

This shift in technology will result in cost savings for farmers and might be a critical factor in the sustainability of Australian farms. With the growing popularity of electric cars and the forthcoming phase-out of internal combustion engines, farmers must look at the real possibility of diesel-powered equipment becoming economically unfeasible in the coming years.

Converting farms from diesel dependence to solar technology can guarantee the sustainability of Australian Agribusiness. There have been significant advances in solar technologies meaning that it is now well understood, proven, trusted, and widely adopted in Australia and across the world. Now is the time for solar providers to prepare to be a part of this new solar shift and find the right tools to help scale and grow their businesses.

Australian Farms Are Going Green With the Help of Solar Providers

The progress toward adoption of solar technology on Australian farms is good news for both the farmers and solar providers. Over three-quarters of farmers nationwide have plans to control energy costs through the use of solar and battery storage systems. They will need farm solar servicing partners to walk alongside them.

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Fuel accounts for 80% of the lifetime cost of the system.

The cost savings can be staggering. Systems that are run on solar will have zero fuel costs. However, that is not the only cost-saving that will be realised through solar. With a pumping system, upfront capital costs and installation costs of solar are significantly higher than their diesel equivalents. However, the cost gap is quickly closed by eliminating the cost of purchasing, transporting, and storing diesel fuel. Fuel alone can account for over 80% of the lifetime cost of operating the system. And the fuel is only part of the cost savings.

Maintenance costs are also significantly lower. With a diesel pumping system, scheduled maintenance includes refuelling, oil changes, pressure checks, air filter cleaning and replacement, lubrication, and pump service. With solar, while the pump itself requires the same amount of service, the only other cost items are the minimal maintenance on the electric motor and solar array.

The initial capital cost difference between the diesel and solar systems is also offset by the expected lifespan of the systems. This difference makes the yearly cost of solar even less due to lower replacement costs. Solar modules offer performance guarantees of up to 85% of output for up to 25 years. Meanwhile, diesel generators need replacement, on average, every 20,000 hours.

One final cost difference to consider is the cost of personnel to oversee the operation of the equipment. This expense is especially critical on large farms where significant time may be required to reach substations. Diesel generators need a considerable number of regular site visits for refuelling, inspection, and routine maintenance. Farm solar servicing is much simpler. With little required maintenance, solar systems need very little attention.

Cost savings are not the only factor moving Australian farmers towards the switch to solar. Many farms are investing in reducing carbon emission over the next decade following the lead of the red meat industry’s goal of becoming carbon neutral by 2030.

One Australian farmer made a move to a solar-powered pump, not only to save money on fuel but also to cut greenhouse emissions. The switch will reduce his emissions by 500 tonnes a year, equivalent to the output of 75 Australian households.

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Solar modules offer performance guarantees of up to 85% of output for up to 25 years

Diesel-Generators

Diesel generators need replacement on average every 20,000 hours. (Every 28 months)

Solar-Powered

A Solar-powered plump will reduce emissions by 500 tonnes a year, equivalent to 75 Australian households.

Expanding a Solar Installation Business to Service Agribusiness

Right now is the perfect time for farm solar servicing providers and installers to work with farmers. This partnership will give the farmers more options and allow providers to expand their footprint into agribusiness. To do this, providers will need to take into account the unique requirements of farm installations and prepare their businesses to meet the growing demand.

One critical factor providers need to understand is the unique needs of agribusiness. One of the primary considerations is the unique nature and location of farms. The rural areas where farms are located are far from large cities and need contractors who can handle these remote and rural installations effectively and efficiently.

Providers will need to take advantage of technology systems like NetSuite + NextService to minimise personnel and inventory costs while delivering unmatched customer service. This technology can assist in the efficient management of a service fleet, providing 360° customer service, and avoiding disparate systems.

Service Fleet Management

Using technology to guide farm solar servicing, businesses can keep better track of assets, which will improve efficiency and keep costs down. Managers can track truck and technicians’ inventory in real-time to reduce inventory leakage. Inventory can be allocated using a mobile app using drop-down menus or even by using the built-in barcode reader.

In addition to controlling inventory, technology can increase technician productivity. This boost can make a huge difference in profitability, especially with the large, complex, and remote installations found on farms. Best practice workflows and processes can be enforced by allowing technicians to track their work via an app. Efficiency can also be improved by allowing software to optimise schedules and travel routes, allowing more work to be done without expanding the workforce. Technology tools can even ensure that the right job is assigned to the right technician every time. This match will ensure efficiency and improve the First Time Fix Rate index.

NetSuite for Field Service Guide

Did you knew that you can manage your service fleet, shceduling, accounting, marketing, CMS, inventory, supply chain and multiple warehouses with one single solution? Download our guide to all the modules and technologies integrated into NetSuite + NextService that can support growth of your Solar Business.

360° Customer Service

As more farmers make a move to solar, they will be looking for a partner to make the transition as smooth as possible. That means that customer service will be essential to building long-term customer relationships.

With 360° Customer Service, solar providers can track the service history of every installation or every system serviced. This also means that service history is retained and transferred when a farm is sold, making it possible for providers to make the transfer seamless. Also, flexible asset records make it easy to keep track of systems and components from any manufacturer. This is another way to offer the highest level of support for customers.

Excellent customer service is even more critical with customers in rural areas, where word of mouth can be the most crucial factor. Solar panels are highly visible and can show other farmers the value of investing.

Avoiding Disparate Systems

As farms move toward solar, small to medium-sized solar businesses may run into problems scaling their business to keep up with the new demand. With a growing business, there is a temptation to tack on additional technology resources as they are needed. With functions scheduling, accounting, fulfilment, inventory, cash flow, human resources, payroll, reporting, content management, GPS fleet tracking, there are many stand-alone options for each need. However, while these may solve an immediate problem, their lack of integration can cause massive issues down the road. With the addition of each separate tool, complexity increases. It also becomes even more challenging to grow and scale the business. Some components may handle the larger scale while others may have limited capabilities.

Starting right with ERP systems like NetSuite eliminates these problems allowing all business functions to be integrated and also providing for scalability as your business grows. Data access is improved with the ability of each area to share consistent data formatting. This allows for the creation of dynamic information dashboards accessible to anyone in the company that needs the information from any device. Your data is available where you need it and when you need it.

Australia is one of the sunniest places in the world. Solar providers can be an integral part of harnessing the sun to provide for the energy and sustainability needs of farms. Done correctly, solar solutions can help farmers lead the way into the adoption of green technology while improving their own profitability.

Solar providers who have been mostly offering services in urban areas can easily make the switch to servicing rural agribusiness by leveraging the technology available through software like NetSuite.

NetSuite can handle almost any business function in the office and the field. With more technicians in remote locations, NetSuite can:

Run on nearly any device.

Show complete customer histories.

Collect data onsite such as signatures, installation photos, and expenses.

Offer data caching and downloading and capabilities for working in remote areas with no mobile coverage.

Enforces best practice workflows and processes.

Tack and access GPS data for intelligent mapping analytics.

This is an exciting time for farmers and solar providers in Australia. Choosing the right technology partner can make these new possibilities even better through seamless integration that can grow with your business.

Need a specialist’s free advice?

Feel free to call an expert in Field Service ERP for Solar Businesses today. Find out how cloud-based technology can make your team a real customer service beast.

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Latest scandals in Retail Payroll, how likely are they to happen to you?

Latest scandals in Retail Payroll, how likely are they to happen to you?

Across Australia, many employers are discovering that their reliance on out of date technology may be putting them at risk financially. New research has shown that over 80% of organisations are handling their payroll with technology systems developed 20 years ago or more. This statistic is alarming. What makes it even more concerning is the massive financial issues caused by this outdated software.

In 2019, Australian conglomerate Wesfarmers revealed a payroll error in the vicinity of $15 million. In addition, Wesfarmers-owned Bunnings also discovered a similar mistake in which it underpaid employees over an eight-year period. Wesfarmers is not alone. Michael Hill Jewellers, the ABC, Woolworths, the Red Cross, and others have revealed substantial payroll errors and underpayments.

This is becoming an epidemic of payroll underpayment across Australia, and it can be tied to the use of old technology which has not kept up with the various changes in payroll regulations.

The Risks of Underpayment

Australian employers are quickly realising the level of risk associated with these payroll underpayment errors. For example, upon discovering their mistake, Woolworths had to announce to investors their need to review 11 million payroll records, per year, going all the way back to 2010. In addition to the cost of the review, they will need to correct any and all staff underpayments.

How This Happens

In Australia, changes in payroll regulations are common. In fact, according to NGA Human Resources, the country’s payroll complexity ranks globally in the “above average” category. The list of sources for changes to payroll regulations is extensive and includes regional laws, the Fair Work Commission and Fair Work Ombudsman. With outdated software, it can become complicated, cumbersome, and sometimes impossible to keep up to date. The cost and time required to code custom software continually become cost-prohibitive, and some legacy software can’t be kept current.

The Simple Solution

Companies that don’t want to face the same trouble as Woolworths, Wesfarmers and others need to take immediate steps to mitigate the problem. Fortunately, the solution is as simple as investing in Retail ERP cloud platforms like NetSuite that have the following payroll features:

Continuous Updates to Meet Australian Regulations

Instead of worrying about whether your company is going to run into a payroll disaster, supporting a jurisdiction means that the product features and functions to ensure legislative compliance are actively maintained. This includes tax rates and scales, pension schemes, public holidays, reports, integration with the local tax authority and local support.

Updates Without Downtime

Another advantage of cloud-based retail payroll software is the updating process. With solutions like NetSuite, any customised components are carried over to the latest version meaning there is no need for time-consuming customisation. That means your business can always be on the newest version without continually stopping work while upgrades are completed.

Adapts Quickly to Changes

With a cloud-based solution, the vendor can make changes faster and get them included right awayCloud computing with a single code base that utilise a managed version upgrade process can addapt quickly to changes and minimise disruptions.

Ready for Single Touch Payroll

Organization with Single Touch Payroll (STP) enabled software will enjoy a seamless transition to the new system that reports salary, wage, and tax information each time employees are paid.

NetSuite Guide for Retail

Payroll is one of many modules integrated into NetSuite, if you want to manage all your retail business areas with a single centralised cloud platform learn more downloading Klugo’s guide for Australian retailers.

Overpayment is Also a Risk

Payroll underpayment isn’t the only risk companies face. The right software can also help mitigate the risk of overpayment and fraud. Companies with poorly designed systems, protocols, and processes can be open to manipulation of their payroll. The best way to avoid this risk is to create secure processes, and that includes modern retail payroll software.

Security can be significantly improved and data loss can be prevented by moving to a cloud-based system like NetSuite. By using a platform like Infinet Cloud Payroll Build for NetSuite, you can keep everything secured by connecting directly to the Australian Taxation Office (ATO). With a direct connection, there is no need to worry about data being compromised while passing through another third party. With a robust cloud solution, you can also review the data that is submitted to ensure compliance and security.

Avoid Heavy IT Overhead Costs

As IT becomes increasingly complex and data breaches become more common, it is more important than ever to move away from disparate retail payroll systems. Connected ERP platforms like NetSuite give employees access to additional data like inventory, CRM, finances, and accounting. It allows for multiple permission levels ensuring employees have that information they need and nothing more. Since NetSuite Payroll system connects natively to all other areas of the business: finances, inventory, returns, supply, there is no need to coordinate different systems for reporting. This connectivity improves accuracy and, again reduces the chances of costly errors.

Assess Your Risk

If you want to avoid the problems faced by the companies mentioned earlier, take some time to assess your level of risk by determining if you face the following problems.

  1. Difficulty making changes to your system.
  2. The need to track all ATO initiatives and state regulations and recode your current platform to comply.
  3. Lack of meaningful reports from your system.
  4. Your payroll team still regularly uses a calculator.
  5. Your team needs to rekey data into multiple systems.
  6. You find yourself locked out of the payroll system during the updating process.

If you are facing problems like these, now is the time to change to a better Payroll platform like NetSuite for Retail + InfinetCloud Payroll Software.

Need a specialist’s free advice on payroll platforms?

Feel free to call an expert in Retail Enterprise Resource Planning Systems today. Find out how cloud-based technology can make your retail payroll needs align to your omni-channel strategies.

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Technology can Enable Manufacturers to Grow by Onshoring

It is no secret that outsourcing manufacturing to Asian countries is becoming increasingly difficult. As these countries develop stronger economies and their standards of living increase, their workers are demanding a raise in salary, making offshoring strategies more expensive. Other factors like sudden trade-wars, new taxes or unexpected threats like the COVID-19 epidemic, can multiply the challenges for manufacturing at a low price.

Recent developments in the field of automation, robotics, analytics, and the introduction of centralised cloud Material Requirements Planning (MRP) Software offer an attractive proposition for reshoring the supply chain for Australian manufacturers.

Besides the simplicity of manufacturing within the country, onshoring offers excellent local benefits too. Whilst some low skill jobs are eliminated by automation in the manufacturing process; high skilled opportunities are created in controlling and connecting intelligent machines, automated warehouses, and developing AIThe introduction of high skilled workers leads to an increase in the standard of living within the country. 

Other benefits of reshoring include an upturn in the quality of the manufactured products as tighter control of the supply chain network can increase the final quality of the products. Besides, as more than 80% of Australians prefer products made within our country, manufacturers have another strong reason to build their products onshore.

A Centralised IoT Platform for Cutting-Edge Technologies

Most manufacturers are already using IoT to a limited extent. However, some have seen the signs and taken it to the next level, with a number of sensors and through APIs, they are leveraging the advantages of monitoring production, automated distribution of products, allocation of resources and even tracking of logistical supply.

Artificial intelligence, 3D printing and all the innovation that comes with adopting Factory 4.0 will make it much easier to manufacture. However, controlling these hardware and intelligent gadgets in a centralised platform can be a difficult task. This is where an IoT based ERP like NetSuite with a robust true-cloud API comes in handy.

NetSuite helps with the adoption of new supply chain IoT technology, by connecting all data from the sensors and peripherals into a centralised platform where all data from CRM, finances, payroll and inventory live. This data consolidation enables better reporting, advanced dashboards and a more informed decision-making process.

Easy to Scale Whenever Needed

MRP software has definitely evolved over time. We’ve come a long way from an era where every business had to use the same basic boxed software without customisation passing through a time where platforms could have so many variations that they felt into over-configuration and never-ending installation processes. Nowadays, however, with the evolution of SaaS, businesses can gradually enable modules on-demand as they grow.

This is a big advantage for small and medium-sized enterprises where results need to be quick while adhering to strict budgets. All along, growth targets need to be achieved. With and ERP that is MRP enabled like NetSuite, all operations can be managed centrally through the cloud and scaling up any area of the business is quickly addressed when the situation demands it.

Why is scalability important?

In a world where disruptive technology happens more often, profitability hinges on the ability to adapt quickly to new platforms and trends. Investing in platforms that can do virtually everything can represent a significant expense, and they usually go underutilised, whilst with modular software, you pay only the modules that you use and the investment required is drastically reduced.

The NetSuite Guide for Manufacturers

Download Klugo’s guide to all the modules and technologies that can be activated in NetSuite for Manufacturers, the cloud-based ERP that can support your onshore growth.

Better Production Management

One of the main aims of Factory 4.0 is to reduce waste in manufacturing, and this includes reducing the wastage of time on unnecessary tasks. Maximum utilisation of time can only be possible when workflows go according to strict plans and where jobs that add no value can be eliminated easily.

With the help of NetSuite, you can effortlessly plan all the raw materials that are needed for production, place your inventory in strategic positions and assign work timings for employees. Moreover, you can also control the workstations where production will be taking place. All this can be done to deliver goods on-time in the right quantity and quality.

Stockpiling Inventory to Address Demand

When a company decides to reshore their operations, inventory can be maintained in bulk as the production volume goes up. It often happens that there is a shift in focus from current sales to future sales. This leads to stockpiling of the inventory, and if it’s not managed correctly, it can lead to a supply chain disaster.

NetSuite is built with a number of tools and features that facilitate inventory management, from tracking inventory in various locations to keeping stock of safety inventory. Furthermore, you can plan the demand and distribution needed to meet it. NetSuite clearly suggests when and where to restock so that your decision making can be used for something more substantial.

Onshoring poses a bright future for Australian manufacturers.

We can say that the reshoring of manufacturing hasn’t looked this promising in the last two decades. Moreover, by adopting technologies related to factory 4.0, the possibilities will only get better and better.

One thing is clear: businesses that fail to adopt these changes are going to perish. Emerging technology like 3D metal printing, artificial intelligence, automation, and robotics will make your competitors produce goods of better quality locally and at a rapid pace.

NetSuite is a one-stop solution for all manufacturing challenges. By providing end-to-end services ranging from financials to warehouse and fulfilment, this best-in-class ERP software can help you embrace the new manufacturing era.

Need a specialist’s free advice?

Feel free to call an expert in Automation in the Manufacturing Floor with NetSuite Enterprise Resource Planning. Find out how cloud-based technology can make your manufacturing business an onshored beast.

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