Singapore's economy is driven by its manufacturing industry, financial services, tourism, and port. The manufacturing industry contributes 20-25% to its annual GDP. Its strategic location in the Malay Peninsula in Southeast Asia has helped it become the world's leading manufacturing company. It has a diverse and inviolable manufacturing base in electronics, aerospace, precision engineering and biomedical sciences. The Government is promoting manufacturing units to focus on robotics, artificial intelligence, intelligent sensors, and printing to transform the industry. By 2024, it's expected to reach US$156.6 billion, with an annual 16.9% growth rate.

1. NetSuite ERP for
Singapore Manufacturing
Industry

2. Singapore's economy is driven by its manufacturing industry, financial services, tourism, and
port. The manufacturing industry contributes 20-25% to its annual GDP. Its strategic location in the Malay
Peninsula in Southeast Asia has helped it become the world's leading manufacturing company. It has a
diverse and inviolable manufacturing base in electronics, aerospace, precision engineering and
biomedical sciences. The Government is promoting manufacturing units to focus on robotics, artificial
intelligence, intelligent sensors, and printing to transform the industry. By 2024, it's expected to reach
US$156.6 billion, with an annual 16.9% growth rate.
The manufacturing sector is closely tied to
research and development, and registering
intellectual property will give investors
confidence and boost this sector. The
Government has already invested 3.2 billion
Singapore Dollars (2 billion Euros) in R&D for the
advanced manufacturing and engineering sector
to integrate Industry 4.0. In 2018, they set up 2
model factories to help companies accelerate
the adoption of the Industry 4.0 model, which
has increased productivity from 10 to 15%. The
purpose is to equip companies with the right
tools and mindset to meet future challenges,
thus evolving and empowering them to reorient,
refine and innovate their products.
The manufacturing sector is closely tied to
research and development, and registering
intellectual property will give investors confidence
and boost this sector. The Government has
already invested 3.2 billion Singapore Dollars (2
billion Euros) in R&D for the advanced
manufacturing and engineering sector to
integrate Industry 4.0. In 2018, they set up 2
model factories to help companies accelerate the
adoption of the Industry 4.0 model, which has
increased productivity from 10 to 15%. The
purpose is to equip companies with the right tools
and mindset to meet future challenges, thus
evolving and empowering them to reorient, refine
and innovate their products.

3. The sector has transformed from low-cost, labour-intensive production to high-value
manufacturing.
Contributed over 79 billion Dollars to GDP.
The manufacturing sector has set its eyes on digitalizing the industry and improving productivity
through technology adoption to remain competitive and maintain its development trajectory in
Industry 4.0.
Manufacturing has seen 22.3% gross value added (GVA) growth in all sectors in recent years.
Over the years, the manufacturing sector contribution has propelled from 95.07 (2020) and 112.4
(2021) billion Singapore Dollars.
Foreign direct investment in the manufacturing industry has recently catapulted from 257 billion
Singapore Dollars to 372.4 billion Singapore dollars.
Electronic manufacturers are the most significant contributors, followed by chemical
manufacturers.
Manufacturing Industry of Singapore
Singapore's manufacturing industry has been booming since its inception, and the Government has
taken austere steps so that the industry keeps on flourishing. The strategy has been impactful:

4. Industrial
Production
Index
Industry
Pharma RPP C&CP
0
50
100
150
200
145.31
86.04
110.17
The current purchasing managers index (PMI) for the manufacturing industry in Singapore is 50.1,
which indicates a growing factory activity in the country (below 50 shows declining factory activity
in Singapore).
The per unit cost of production has gone down, including labour and non-labour costs, unit
service costs, and taxes, as reflected by the unit business cost index of manufacturing (72.9).
The chemical and chemical products industrial production index is 110.17.
The refined petroleum product industrial production index is 86.04.
The pharmaceuticals biological product industrial production index is 145.31.
613 licenses for health product manufacturers.
579.5 million Singapore dollars spent on R&D.
Pharma Pharmaceuticals
Biological Products
Refined Petroleum
Products
Chemical and
Chemical Products
RPP
C&CP
KEY

5. Why is NetSuite ERP Necessary for
Singapore?
Currently, Singapore is the leading manufacturing market in Pacific Asia. The Government is
encouraging start-ups to invest more in this sector and is providing funds to mechanize and
revolutionize the system. However, expansion leads to the addition of tedious and complicated
tasks, and it gets challenging to handle them. NetSuite is one of the topmost cloud business
software suites, providing a unified experience to its partners by amalgamating ERP/Financials,
eCommerce, CRM, and other departments. NetSuite provides solutions to start-ups and
enterprises. Businesses trust them as they provide the following:
01 02
03 04
Visibility &
Control
Built-in
Flexibility
Commerce-ready
ERP
Global
ERP

6. Advantages of NetSuite for the
Manufacturing Sector in Singapore:
SML companies integrate their systems with NetSuite as it provides one platform for the entire
company, handles all the local and international departments, deals with multiple currencies,
eliminates IT maintenance and upgrade costs, and helps them make better decisions faster.
NetSuite's 'out-of-the-cloud' comprehensive indirect tax management and reporting capabilities
cover over 90% of global GDP. They are used in over 110 countries with support for the most widely
used languages, ensuring your business system is ready to handle your international footprint
wherever your company operates.
Powerful CRM Capabilities to Strengthen
B2C and B2B Relationships
NetSuite's CRM software for manufacturing enables clients to get complete client data and
customize their product options. It provides a 360-degree holistic view of customers. It's the only
cloud solution that offers entire touchpoints for the client, from awareness to conversion to loyalty
and support. CRM delivers Sales Force Automation (SFA), customer support, marketing automation
and other services. It elevates productivity, streamlines lead-to-cash procedures, improves
performance, forecasts, upsells, and manages commission, global sales, and benefits. NetSuite for
manufacturing helps in driving performance, orders, and partners.
Management of Inventory Workflows
through its Supply Chain Management
Manufacturing industries have a vast inventory at hand to manage. From raw materials, their quantity,
batch, and quality, to work in progress and the finished goods inventory. They must check the
product quality, order completion and fulfillment, and manage the warehouse. NetSuite for
manufacturing keeps track of procurement, assembly, manufacturing, storage, and tracking
dimensions. Its inventory, manufacturing and purchasing management ensures the efficiency of the
supply chain. It improves collaboration between vendors and customers and ensures the smooth
functioning of the business.

7. The Flexibility of Integrating
with Multiple Channels
NetSuite can be combined with any third-party media to enable the smooth
functioning of the business. With its integration flexibility, manufacturing
businesses' performance and agility can improve multifold as all the relevant
software's unified at a single platform.
Better Financial Planning
Integrating your system with NetSuite ERP empowers the manufacturing
business to generate financial reports, including profit and loss statements,
balance sheets, budgeting reports and cashflows. Its insights on financial
planning enable enterprises to accurately budgeting. It puts companies in a
better position to track annual profitability targets, narrow the gap between
insights and actual numbers.
Customizable Features Enabling
Improvement in Business
Performance
NetSuite ERP system is customizable, implying that manufacturing business
can finetune their features and enhance their performance. This way,
companies can generate reports, including invoices, accounts payable,
receivable, inventory and other features. NetSuite ERP enables
manufacturing businesses to record transactions, create reports, track
expenses and document management.
Maximizing Staff Productivity
with Sophisticated HRM
Modules
NetSuite's ERP system can bolster the employee's performance. With its
advanced HRM modules, manufacturing businesses can opt for a subtle
HRM module and scale up their staff performance. They won't need to
invest in further software when their employee base expands.

8. How NetSuite ERP Solution
Facilitates Your
Manufacturing Industry:
NetSuite provides a multitude of customizations and features to scale
up your business. It's the most standardized software for sharing
business data within the company. It provides a unified, holistic view
of the database and integrates whole business functionalities
simultaneously. Furthermore, NetSuite speeds up business processes
by reducing paperwork, and tedious and manual tasks. ERP
Manufacturing comes with multiple features:
Order Management
You may optimize inventory on hand, minimize shipping costs and improve the customer
experience by automating essential operations and gaining access to real-time information. As
consumer demands increase and supply chains get more complicated, delivering the perfect order
becomes more crucial and challenging than ever. NetSuite Intelligent Order Management
automates the processes of order promising, allocation, orchestration, and execution, fulfilling
orders efficiently based on global inventory availability and business rules.
It manages labour costs, automates fulfillment processes, eliminates duplicate entries, integrates
order-to-cash procedures, and improves workflows by approving pricing, routing, and discounting.
Planning and Scheduling
NetSuite's ERP software balance supply and demand automatically, ensuring you have the correct
inventory in the right location at the right time. Scheduling is one of the most challenging aspects
of production. NetSuite provides a flexible but straightforward real-time scheduling engine with
finite and indefinite capacity scheduling; view all upcoming work orders whenever and however you
want. NetSuite presents impending production with easy drag-and-drop tools in a classic calendar
view or a Gantt chart. Once everything is planned, you can see the real-time output and detect
possible issue areas.

9. Supply Chain
You can control and monitor your outsourced production operations with NetSuite's ERP software.
Where and by whom a product is produced should not be a barrier to growth. NetSuite provides a
global picture of inventory regardless of where it is in the manufacturing process, allowing
businesses to manage outsourced production as if they were conducting the manufacturing
themselves. NetSuite supports multi-location planning with real-time inventory visibility, vendor
location management, and comprehensive distribution requirement planning (DRP).
Procurement
With NetSuite ERP software, manage your suppliers and purchasing operations with visibility to
guarantee you obtain the right items at the right price when needed. NetSuite was designed from
the beginning to meet the demands of product-based organizations. It now includes several native
capabilities, such as requests for quotes, blanket purchase orders, and buy contracts, to ensure
that you have the correct materials or things accessible at the right time and place. Make the
procure-to-pay process more efficient by spending wisely. NetSuite improves procurement by
providing tools that better manage expenditure, streamline requests for products and services,
and provide real-time insight throughout your operations.
Shop Floor Control
With NetSuite's ERP software, you can make improvements across the floor. Many firms devote
considerable time and effort to perfecting the future using planning and scheduling programmes.
Recording when, where, what, why, and how your products are currently manufactured is equally
essential. It's a critical component of a more precise timetable. NetSuite makes it simple to collect
information from the manufacturing process in a timely and reliable manner. NetSuite's interactive
tablet application provides real-time data from the shop floor. The tablet application is deployable
via any browser and can correctly record what happens at each phase of the production process.
The programme displays an interactive work queue of all current and upcoming operations
planned through the existing work centre. The user-friendly style was created primarily for use in
severe production conditions and can even be used while wearing gloves.
Quality Management
Designing and manufacturing a high-quality product isn't an easy task. With NetSuite, you can
manage high-quality items with little overhead, define inspection plans, pass/fail criteria, collect
data, and monitor all recorded outcomes. It increases the quality of workflow while lowering the
expenses of the business. NetSuite is specially developed to assist manufacturers of all sizes to
reduce operational costs, increasing revenue, and improving business and supply chain
management. Define and maintain your inspection strategies, and collect & report on
non-conformance.

10. CRM and Marketing
NetSuite's ERP system controls the entire customer lifecycle. Successful businesses now adapt to
their client's requirements. They have replaced manual procedures with automated ones whenever
possible to boost efficiency and responsiveness. NetSuite customer relationship management
(CRM) includes sophisticated capabilities like sales force automation, marketing automation, and
customer care and support management in a single cloud solution. NetSuite CRM also provides
robust sales performance tracking, order management and partner management, which are easily
connected with your NetSuite ERP and eCommerce platforms. A thorough view of sales allows you
to organize your shop floor operations and forecasts better.
Partner with ERP Buddies, a NetSuite
Solution Provider
ERP Buddies is a North American official Oracle NetSuite solution provider with diverse experience
in implementing and supporting NetSuite ERP for many industries. With operations in the U.S,
Canada, Europe, India, and Philippines, our expert team is accessible globally. It is their priority to
create a smooth and positive experience for clients. Our experts assist clients throughout the entire
implementation process, with on-site support and consultation and additional assistance in
customizing your system to guarantee it meets your business needs. With its SuiteServices, ERP
Buddies instals tracking services, close the gap for functionalities not offered in SuiteProjects,
enhance project and task management, and track costs and warranty eligibility. SuiteServices
provides enhanced project and task management, tracking of percentage completion, enhanced
job costing and resource allocation.