SMEs face many problems in manufacturing planning due to limited resources, funds, technology, infrastructure, and other issues. But following best practices and using the right production planning software can help Indian manufacturing companies smoothly execute their operations. TranZact and Oracle NetSuite are top planning tools for business that help in effective planning management, supply chain management, and more.
In this blog post, we will compare TranZact vs Oracle NetSuite manufacturing planning tools based on their features and benefits. This will help you understand which software is best suitable for your business and how it can contribute to your business growth.
Importance Of Planning Tools In Manufacturing Business
Planning software helps automate manual and repeated tasks, saves time, and decreases labor costs. Here are the importance of using planning tools in your manufacturing business.
- Simplifies the manufacturing operations.
- Automates the production process.
- Reduce paper-based work.
- Maintain proper documentation.
- Simplify the supply chain management.
- Properly allocate resources.
- Reduce production downtime.
- Improve CRM (Customer Relationship Management).
To learn more about What is Production Planning, click here.
Introducing TranZact As A Planning Tool
TranZact is the easiest planning tools for business that want to do a digital transformation of the manufacturing process. Whether you talk about inventory management software, purchase management, production planning, or managing waste, TranZact is designed to simplify all these activities for Indian SMEs.
It provides all the benefits with the needful features of ERP but at a lower price. It helps you manage buyers and suppliers, work orders, multiple stores, documentation, and resources.
Introducing Oracle NetSuite As A Planning Tool
Oracle NetSuite is a cloud-based ERP that offers enterprise software products, database software, and other technologies. These solutions contain planning tools for business that allow them to forecast the market demand and offer effective budgeting. These tools help manufacturers collaborate with different departments in an organization and promote effective planning to achieve business goals.
Oracle provides database management services that help maintain all the transactions. You can also manage the system workload by assigning tasks to the leaders of the respective departments.
Feature Comparison: TranZact Vs Oracle NetSuite
Both softwares have unique features of production planning that serve the needs of the manufacturing industry. We have compared TranZact vs Oracle NetSuite based on their ease of use and their availability.
| Features | TranZact Planning Tool | Oracle NetSuite Planning Tool |
|---|---|---|
| Inventory Management | TranZact manufacturing planning software allows SMEs to track their inventory through a barcode system, quotations and estimates, sales transactions, scheduled production, and so on. | Oracle offers inventory management through its financial planning system, order management, production management, and supply chain management. |
| Cloud vs On-Premise | TranZact provides cloud-based solutions containing planning tools for business that allow access to valuable data remotely. | NetSuite is available on both cloud and on-premise and is designed for all types of businesses. |
| Implementation Time | The TranZact implementation process takes only 14 days within the organization. | Oracle ERP implementation is time-consuming and may take several months. |
| User Base | TranZact offers manufacturing productivity tools that are best suited for small and mid-sized enterprises (SME) in the manufacturing sector. | Oracle NetSuite is mostly used by mid-sized and large organizations in all types of industries. |
| Integration Flexibility | TranZact offers easy integration of planning tools for business with other software, such as Tally, Excel, Aftership, Zoho, BusyERP, and Easycom. | Oracle NetSuite planning software has an integrated Tally that helps in financial assistance and budgeting within the system. |
| Collaboration | TranZact offers easy collaboration with teams and stakeholders through WhatsApp and Gmail. | Oracle provides a NetSuite Project Management module for collaborating with team members to share files and assign tasks. |
| Customer Support | Easy connect with the support team via calls, emails, and WhatsApp. | A multi-step process is used to connect with the customer support team over chat. |
Overall, TranZact offers effective planning tools for businesses that include production scheduling, procurement planning, inventory management, and many more. Oracle includes features like financial management, order management, production management, and supply chain management for effective production planning.
Cost Comparison: TranZact Vs Oracle NetSuite
When we compare the price of TranZact vs Oracle NetSuite, TranZact offers free access to some modules in its zero-cost plan. At the same time, Oracle offers only paid plans, which are mostly used by big companies due to their higher prices. Let’s compare their free and paid planning tools for business to make better decisions.
TranZact
There are four flexible packages offered to choose TranZact Planning Software to manage your sales and purchases, inventory, warehouse, and other activities. Whether you are struggling with managing your procurement process, collaborating with your stakeholders, or solving other manufacturing problems, you can choose the best subscription plan which is suitable for your business needs.
1. Micro Plan: It is a free plan where you will have access to limited modules and tools. It has the following features:
- Advanced lead management, which allows 30 sales and purchase transactions per month.
- Inventory planning for real-time tracking of stock levels.
- WhatsApp integration for easy collaboration and access management.
- Supports up to 5 users' access.
2. Small Plan: This plan can cost up to ₹ 3,999 per month, which is billed on a yearly basis. It includes everything available in TranZact’s Micro Plan with some additional features, like:
- Delivery and payment reminders for effective sales management.
- Stock valuation features for accurate and real-time inventory planning.
- Multi-level BOMs (Bill Of Materials) creation for easy manufacturing process planning.
- Tally, BusyERP, Zoho, Aftership, and WhatsApp integration.
- Business intelligence and 15+ automatic alerts for effective reporting.
- Barcode integrations as add-ons in just ₹ 1,000 per month.
3. Medium Plan: TranZact’s Medium Plan starts at ₹ 9,999 per month with extra add-ons of planning tools for business like barcode integration at ₹ 1,000 per month. It also includes ₹ 2,000 per month for IP whitelisting and ₹ 833 per month per user for extra users. This plan includes all the features of Micro and Small plans with some additions, such as:
- E-invoicing and multi-currency support for proper sales management.
- Inventory ageing reports and MRP (Manufacturing Resource Planning) for improved inventory management.
- Multi-step production and cost planning for production management.
- Real-time reporting and easy document approval.
- Accessible by up to 10 users.
4. Enterprise Plan: The cost of TranZact’s Enterprise Plan is ₹ 29,999 per month, which can be billed quarterly or yearly. With this production planning tool, you get everything mentioned in the above plans, along with some additional features, such as:
- Easyecomm integration for better sales and purchase order management.
- Batch tracking through barcode integration.
- Custom reports for easy production management.
- Google Sheets MIS integration.
- Supports at least 15 users.
To understand TranZact’s pricing better, read here.
Oracle NetSuite
You need to buy an annual license for planning tools for business offered by Oracle NetSuite. The cost of NetSuite planning tools consists of three main components: subscription fee, implementation cost, and customization features.
1. Subscription Fees: NetSuit’s subscription fee is generally higher due to its complex features, which are designed for big enterprises. Its pricing may start at around ₹ 84,000 per month for the base license with ₹ 8,200 per user.
2. Implementation Costs: Oracle NetSuite planning software includes implementation costs, which vary depending on web-based systems or on-premises systems. The estimated cost of implementation is ₹ 8,35,000 to ₹ 83,50,000.
3. Customization Option: In case you need a customized NetSuite module as per your manufacturing needs, you need to pay more. The cost may vary from ₹ 4,17,500 to ₹ 41,75,000, depending on the type of modification you require.
In addition to these three components, you also need to pay almost ₹ 16,70,000 to train your employees. This is important because it is complex to operate and requires expert guidance. Ongoing support and maintenance are also added, ranging from 20% to 30% of the annual subscription fee.
Factors To Consider When Selecting A Planning Tool For Manufacturing Businesses
Planning tools play an important role in improving many operations in manufacturing businesses. It is important to consider the estimated budget, functionality, scalability, and integrations in the manufacturing management software to meet the specific needs of your business. Here are some of the important tips that you must consider while choosing a manufacturing planning tool.
- It should have automated production control to effectively manage schedules and timelines.
- It should offer inventory tracking and management features like a barcode system for improved stock management.
- It should have resource allocation features to handle the raw materials and other inventory, as well as track the workflow and machinery.
- It should provide accurate demand forecasting for proper manufacturing process optimization and production planning.
- It should be able to scale as your operations expand and increase in volume and complexity.
- It should easily integrate with your existing ERP software and contain third-party tools and software to manage accounts, CRM (Customer Relationship Management), and supply chain.
- It should have a user-friendly interface with easy navigation that is understood by all stakeholders.
- The manufacturing planning software should be hosted on a cloud server to automate manufacturing operations with team collaboration.
- It should provide real-time data access and analytics to make informed decisions quickly.
- It should offer customization options to fit unique processes and requirements in your manufacturing business.
- It should have a centralized dashboard to monitor every manufacturing activity in one place in real time.
- The vendor must offer easy customer support and training resources.
- It should have effective security features to protect against data breaches and cyber threats.
- It should match all the compliance with industry standards and regulations.
TranZact Vs Oracle NetSuite: Which Is Better?
Choosing the right planning tools for business helps you carry out your manufacturing operations and grow your business. TranZact and Oracle NetSuite both have their own capabilities and features that are suitable for different industries. However, if you have enough technical skills and want everything inside a tool then Oracle NetSuite is the right option to go with.
On the other hand, if you want a simple solution with easy-to-access features without much technical knowledge, then TranZact will be the right fit for your business needs.
TranZact is a cloud-based software that requires fewer resources for implementation, provides easy access to the data, and helps you with real-time reporting and analytics. These functionalities will allow you to make better decision-making and planning for your manufacturing business.
Implement TranZact planning tools now to ease your manufacturing process with fast and reliable customer support.
FAQs
1. What are the key differences between TranZact and Oracle NetSuite as planning tools for businesses?
The key differences between TranZact and Oracle NetSuite as planning tools for businesses are:
- TranZact is designed especially for Indian manufacturers, whereas Oracle NetSuite is made for all types of businesses.
- TranZact is helpful for small and midsize businesses, whereas NetSuite provides services to mid-sized and large enterprises.
- TranZact aims to simplify the manufacturing business process, whereas Oracle NetSuite is designed to handle complex business operations.
- TranZact offers features like inventory management, sales and purchase management, and production planning, whereas NetSuite is mainly made for accounting purposes.
2. Which industries benefit most from using TranZact vs. Oracle NetSuite for manufacturing planning?
Industries that benefit most from TranZact are SME manufatcurers in mechanical, electrical, automotive, chemical, cosmetics, and more industries. Oracle Netsuite is best for only large enterprises.
3. How can small businesses decide between TranZact and Oracle NetSuite for their planning software needs?
The small business can decide between TranZact and Oracle NetSuite for their planning software needs based on the following:
- Analyse the budget.
- Compare automated planning modules.
- Look for resource allocation features.
- Check eligibility for real-time data access and analytics.
- Compatibility with third-party software integration.
- Have a centralized dashboard.
4. What are the unique features of TranZact that make it suitable for small and medium-sized enterprises (SMEs)?
The unique features of TranZact that make it suitable for small and medium-sized enterprises (SMEs) are:
- Made for Indian SME Manufacturers.
- Easy to use interface
- 14 days implementation
- Cloud access to data.
- Tally, Excel, Zoho, BusinessERP, and Aftership integration.
- No extra implementation charges.
5. How do planning tools such as TranZact and Oracle NetSuite integrate with existing manufacturing processes to optimize efficiency?
Planning tools such as TranZact and Oracle NetSuite integrate with existing manufacturing processes through the digital transformation of production scheduling and inventory management, improving workflow.
