With a rich heritage of textiles, skilled manpower and quality production the Indian garment industry is among the Industrial leaders in the world. Operating without policies has resulted in increased competitive pressure as demand for Indian clothing has turned global thus Indian apparel industries are on a move to rethink and readjust so that they increase efficiency while moving at a high pace and ensure offerings are value for money. In such a rapidly changing environment, Oracle NetSuite Cloud ERP has rather, become an important improvement for garment manufacturers who wish to expand, enhance efficiency, and cater to international expectations. Control adequacy and effectiveness require in-depth examination because regulatory focus is high with a substantial level of regulatory activity. Here’s how Oracle NetSuite Cloud ERP is addressing the needs of the Indian garment market by satisfying the international needs: 

Trace Management All Through the Supply Chain: 

Garment manufacturing is characterized by the existence of different very lengthy and detailed supply chains which in turn includes sourcing raw materials, the production process, with quality assessment, and lastly the transportation process. For global engagement, all phases in the matrix are essential to meet deadlines and standards hence transparency and accountability ought to be maintained in each of the phases in the matrix. 

Optimal management of inventory: 

Several manufacturers and dealers of garments in India must handle the piled-up inventory of several pieces from fabrics to clothing. This mandates the proper management of the inventory to help reduce the level of wastage, help optimize the storage capability and ensure that the international customers’ orders are on time. 

Adherence to Regulatory Requirements: 

Particularly, when Indian garment manufacturers export clothes to outer markets, they must follow more rigorous regulations, certificates and quality standards. Handling them, however, can be a challenging task, especially having to coordinate these requirements for the U.S., European and Asian markets. 

Effective managing of the finances: 

Management of finances for garment manufacturing companies with customers in different parts of the world can prove to be challenging especially when several currencies, taxes and payment terms are involved. Efficient management of finances for caterers of garments is important to enable them to generate profits and all educated investments are also possible. 

Faster Time-to-Market: 

When it comes to the international fashion business, everything is fast. After all, customers operating in global markets have all the reasons to place their orders and expect the goods sooner rather than later, more so when dealing with products with a high turnover like fast fashion. Whenever there is a hold-up in the production process or in the relaying of the finished goods to the markets, there are chances that such opportunities will end up lost. 

Scalability for Growth: 

With the continuing increase in the number of markets outside the country that are favoring Indian garments, the manufacturers require an ERP system which can grow with them. Whether there is a need to enter into new geographical markets, roll out new product ranges or establish more production plants, scalability is very fundamental if there is to be growth in the long term. 

Improved Customer Relationships: 

When dealing with northern hemisphere markets, it is important for garment manufacturers to develop bilateral customer relationships to ensure repeat business and longer contracts. Customers now expect direct access, speed and regular communication, requiring a system that promotes easy retention of users at the tip of management. 

Looking at how the Indian garment market is growing internationally; the manufacturers will need to adapt to said changes by adopting modern technologies to help them manage their intricate processes as they satisfy global markets. For Oracle NetSuite Cloud ERP systems actually, processes can give more insight and effectiveness mixtures incorporating supply chain management, financial management, compliance management and customer management systems. 

When they adopt the Oracle NetSuite Cloud ERP for Consulting Services, the Indian garment manufacturers will be able to achieve operational efficiency, have room to grow, offer to international markets the best quality garments that they make and get at the highest competitive level new possibilities within the fast-growing global garment market. 

SoftCore Solutions is a real leader among other companies providing cloud ERP development services on the Indian subcontinent and is in Mumbai. We work with customers in all industries and regions. In addition to native integration capabilities within the NetSuite Cloud ERP, an array of supplementary modules exist wherein one can customize for exceptional business operations. You may schedule a phone call or meeting at your convenience. Come on in and try out the outstanding cloud ERP solutions free of charge to see how they work.