Implementing NetSuite was a core component of CMP's lean manufacturing initiative, aimed at eliminating waste. Since the initiative began in 2009, CMP has netted a 26% increase in revenue while growing the business across 95 countries. NetSuite was selected as the Cloud ERP solution of choice for several reasons:
1) NetSuite aligns with CMP's Kanban system for inventory optimization, which resulted in a 90% reduction in back orders, worth over $300,000.
2) NetSuite's flexibility allowed CMP to work with partners, Centricity Systems and Intente, to create a unique "Compressor Configurator" which enabled customers to complete entire orders online with automated order processing.
3) NetSuite's cloud infrastructure enabled CMP to reduce its server count from 10 to two while trimming staff and eliminating reliance on third-party IT consultants.
4) The NetSuite Cloud environment eliminated risk of data loss from severe weather or other on-site disasters.
5) NetSuite's inventory management offered the best control over more than 3,000 part types and CMP's 160,000-square-foot manufacturing facility.
One example of near immediate improvement NetSuite provided was that CMP was able to slash its crankshaft production lead time from 85 to 10 days while reducing costs 25%. In addition, NetSuite's Manufacturing Edition enabled CMP to both streamline production and enhance the company's capabilities to efficiently produce work orders, bills of material, assembly management and requirements planning.
To read more about the CMP Corp. implementation, visit the NetSuite Customer Newsroom.
The Brown Smith Wallace 2014-15 Distribution and Manufacturing Software Guides are currently available for download. Please contact snelson@bswllc.com for more information about these latest editions.
2014 Distribution Software Guide:
2014 Manufacturing Software Guide:
Additional materials: http://www.
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