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By: Anju A.P

Odoo vs NetSuite

Functional

The longest and most dramatic battle of the cloud ERPs has been and still is Odoo v.s. NetSuite. Both were top of the list when considering premier ERP solutions; comparisons are always being drawn between the two, with compelling arguments being made for both options. When you dig into the technical infrastructure, flexibility, UI/UX and pricing of each solution, it becomes quite apparent that Odoo is a fantastic alternative to NetSuite. Pound for pound, you’re going to get much more value for every dollar you spend with Odoo, than you would with NetSuite. With the SMB (small to medium business) being Odoo’s target market, it is no surprise that dozens of companies, each and every day, adopt Odoo over NetSuite. Even more interesting is that many Enterprise-grade companies are now making the transition as well, for example, Toyota, Danon, MicKinsey & Co, IMB, etc. Many IT professionals have spoken up that Odoo is the future of business technology given its price point, combined with the technical freedom and flexibility it lends to businesses as they evolve in today’s fast-changing world. Going back in time, Odoo initially started as an OpenSource ERP called OpenERP (where they literally built software that people in the community could install for free). Odoo used this model to attract developers and IT professionals at the bleeding edge of innovation in order to begin building an ecosystem focused on intellectualism and technology in the business sector. In doing this they quickly amassed 2.5+ million users and thousands of developers capable of implementing and supporting the platform. By 2015, when they saw the potential they had created, they decided to rebrand the company and named this new brand Odoo. In 2015 Odoo released a proprietary product called Odoo Enterprise, which is their professional grade product which they stamped with their personal guarantee when it comes to support, upgrades, updates, and even implementation. This is when companies like NetSuite took notice. Today Odoo Enterprise is made up of over 50 different apps, in addition to 21,900+ third-party apps/plugins available on the Odoo app store. The app store offers a comprehensive set of options when it comes to functionality, fulfilling every minor and major business need, no matter which industry the business belongs to. Today Odoo has more than 4 million users and 25,000 customers (companies) stemming from all different industries and sizes. Additionally, the Enterprise solution is actively being used on all 7 continents, in over 100 different countries, available in 120+ different languages. Many say Odoo is the first truly global ERP.
“Users whom are tired of paying exorbitant prices to companies like NetSuite, SAP and Oracle for basic, commoditized functionality will find a wonderful new home for themselves in the Odoo community.”, said Nicholas Kosinski, a Senior Account Executive and long-standing Odoo employee.
When it comes to comparing Odoo and NetSuite from an IT standpoint, you will want to focus on the technical architecture, as well as on the access and ownership of data - two very important topics to any business. While NetSuite makes it difficult to achieve the back up of your data, or to transition away from their system, Odoo, on the other hand, saw the pain NetSuite was creating for companies and took the opposite approach by making it simple to backup data and/or transition away from the system. Odoo allows for backups at anytime, anywhere, consequently allowing for you to truly take ownership of your data. The days of being held hostage by corporate powers such as NetSuite are long over with. Another core differentiator is having access to the Odoo source code, which is where Odoo really shines in terms of offering unlimited options around features/functionality. NetSuite comes as hosted ONLY, which often gives NetSuite all the leverage they need to hike up prices each year or quote daunting prices to customize the software. Additionally, NetSuite primarily makes use of javascript and the "suitescript" inorder to add any extra functionality to the application - which is difficult to use and can be expensive. Cost is yet another luring factor worth considering when comparing Odoo and NetSuite. NetSuite’s licensing fees are quite expensive when looking at the functionality/value you’re getting. On average, the licensing fees are 4-5x the Odoo licensing fees, contingent upon the number of modules and users. Also, implementation is much easier with Odoo vs. that of NetSuite, as Odoo relies on Python and XML as the core language. In comparison to finding a SuiteScripter, finding Python expertise in the market is easier as those abilities are substantially more typical and commoditized. There are many customer reviews which promote Odoo as the best ERP for manufacturing, retail/distribution, accounting, e-commerce or professional services. With its modern interface and great mobile app performance, Odoo puts NetSuite in a dark place when it comes to UX/UI. It has been rumored that NetSuite sales-people actually use Odoo’s CRM to manage their daily activities and sales pipelines are given its ease of use and flexibility around reporting. Shouldn’t that tell you something? If you are interested in learning more, we encourage you to trial Odoo’s software (which you can do for free here www.odoo.com/trial) and also ask your NetSuite salesperson for a free trial of the NetSuite platform. Once you’ve done this - we want you to decide for yourself! See below a formalized feature comparison that we put together to help shed some light on the differences:  


Odoo vs NetSuite feature-wise comparison

Inventory Management


1. General


FeaturesOdoo NetSuite
Multi-Warehouse(NetSuite supports multiple companies, but only one warehouse per company.)
Storage Locations (Bins)
Bin Replenishment
Mobile Device Support
Multi-Company
Multi-Currency
Multi-Language

Automatic ASN (Advanced Shipping Notice)
Package Management / Cartoning
Freight Carrier Integration
Manage Consignee Stocks
EDI (Electronic Data Interchange)Available through a third-party softwareEDI is available through a third-party software

2. Products


FeaturesOdoo NetSuite
Non-Stocked Inventory 
Multiple Variants
Multiple Units of Measure
Inter-class UoM Conversion *
Variant Matrix

3. Traceability


FeaturesOdoo NetSuite
Lots / Serials
Up / Down Traceability
360° Traceability *
Expiration Dates
Cycle Counting

4. Reporting


FeaturesOdoo NetSuite
Inventory Forecasts
Inventory Valuations
ABC Analysis

5. Barcode Support


FeaturesOdoo NetSuite
QR Code SupportOdoo can read QR codes, but third-party software is required to print them
RFID SupportAvailable through third-party add-onsAvailable through third-party add-ons
Lots / Serial Numbers
Receptions
Picking
Internal Moves
Delivery Orders
Inventory Adjustments

6. Routings


FeaturesOdooNetSuite
FIFO / LIFO
Customizable Routes *
Putaway Strategies
Wave Picking
Batch Picking
Zone Picking
Cluster Picking
Cross-Docking
Putaway Location By Size, Weight, & Capacity

Supply Chain


1. General


FeaturesOdooNetSuite
Vendor Data Management
Vendor Pricelist Management
Inbound Quality Control
Dropshipping

2. Purchases


FeaturesOdooNetSuite
Purchase Requests
Purchase Orders
Purchase Approval Workflow
Request for Quotations
Contracts / Purchase Agreement

3. Automated Procurements


FeaturesOdooNetSuite
Minimum Stock Rules*
Make-to-Order
Master Production Schedule

Manufacturing


1. General


FeaturesOdooNetSuite
Master Data
Multi-Level BoM
Byproducts / Coproducts
Routings
Subassemblies
One BoM for Multiple Product Variants
BoM versions
Multiple BoM / Routing *

2. Planning


FeaturesOdooNetSuite
Demand Forecasting
MRP I Scheduler
MRP II Scheduler *
Master Production Schedule
Gantt Chart Scheduling w / Drag & Drop
Kanban Planning
Production Calendar
Infinite Capacity Scheduling
Finite Capacity Scheduling
Available to Promise
Multiple Scheduling Plans
Delivery Date Calculation (Backwards Scheduling)
Production Order Splitting / Merging

2. Operations


FeaturesOdooNetSuite
Manufacturing / Production Order
Job Tracking
Work Orders / Operations
Automated Time Tracking
Disassembly Orders
Subcontract Manufacturing
Rework / Repair
Scrap
Disposal Strategies
Kits
Edit Individual Production BoMs

3. Costing


FeaturesOdooNetSuite
Perpetual Inventory Valuation *
Periodic Inventory Valuation *
Standard Price
FIFO
Landed Costs
Actual Production Labor
Production Order Costing

4. Shop Floor Control


FeaturesOdooNetSuite
Shop Floor Terminals
Production Activities
Non-Production Activities *
Time Tracking
Messages on Work Orders
Barcode Support
Equipment / Machine Management
Work Instructions on Work Orders
Maintenance Requests from Shop Floor Terminal

4. Human Resource


FeaturesOdooNetSuite
Schedule Management
Touchscreen Attendance
Timesheets
Breaks
Overtime
Vacation / Injury

5. Reporting and Forecasting


FeaturesOdooNetSuite
Overall Equipment Efficiency
Work Time
Demand Forecast
Maintenance KPIs
Production Costs Analysis
Up / Downstream Traceability
Analytic Accounting
CSV Export
Dynamic Pivot Tables
Dashboards
Save Custom Reports
Maintenance


1. Scheduling and Request Handling


FeaturesOdooNetSuite
Schedule Preventive Maintenance
Maintenance Kanban
Maintenance Calendar
Shop Floor Integration
Multiple Teams / Sites
Asset Management
Subcontract Repair
Job Tracking

2. Parts Management


FeaturesOdooNetSuite
Inventory Management
Purchasing Integration
Rotating Asset Location
Equipment Serial Numbers
Equipment Maintenance History

Dealer Portal

QMS


1. Quality Control


FeaturesOdooNetSuite
At Reception
In-Process
Before Delivery
Inventory Quarantine

2. Quality Checks


FeaturesOdooNetSuite
Quality Control Plan
Pass / Fail Checks
Measurement Checks
Quality Alerts / Nonconformance Documents
Print Nonconformance Documents
Corrective Actions

2. ISO9001 Tools


FeaturesOdoo NetSuite
Documentation Management
Customer Satisfaction Surveys
Customer Complaints Management
Traceability of Operations
Resources Management

3. Reports


FeaturesOdooNetSuite
Non-conformance CostsMostlyincluded as part of OEE Report

4. Product Lifecycle Management


FeaturesOdooNetSuite
Engineering Change Orders (ECOs)
BoM Version Management
Routing Version Management
MRP Integration
Centralized BoM Management

5. ECO Management


FeaturesOdooNetSuite
Approval Workflows
BoM Version Difference Viewer
Bulk BoM Updates
Notification Mechanism
Project eMail Gateway
ECO Costing

6. Third-Party CAD Integrations


FeaturesOdooNetSuite
AutoCAD
SolidWorks
Autodesk
Regardless of whether you pick Odoo, NetSuite or any other ERPs out there, understanding this is going to be a crucial step for your business as they decide on which platform to invest in. Therefore, go with a properly designed and well-structured project plan to get the anticipated results. Odoo offers many services to assist you in this process, such as the Official Odoo Partners to assist with your Odoo Implementation or Odoo Customization.




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