Recently, NetSuite, the #1 Cloud ERP/Financials Software provider published a stellar blog article on cloud application gaining momentum as the industry searches for ways to cut costs. Read their blog post below.
What a difference a couple of years makes in the manufacturing industry.
It wasn’t that long ago that cloud computing was considered to be some faraway future vision for manufacturing. Meanwhile, many manufacturers were offshoring production to reduce costs, and the sector seemed to be in decline.
“The buzz around the cloud has manufacturers asking if a cloud solution is right for them,” wrote Derek Singleton, Software Advice ERP market analyst. “The market for SaaS manufacturing software solutions will expand considerably in the coming years.”
And for the first time since 1997, U.S. manufacturers added domestic jobs in 2010—a net increase of 136,000 positions. NetSuite has been observing some of these trends in our business, and a recent review of news headlines corroborated what we’re seeing: Manufacturing is in a rebound, and momentum is swinging towards the cloud.