Global Manufacturer Restructures, Streamlines And Thrives with NetSuite OneWorld

"We had a logistics nightmare, and our disconnected business software wasn't helping. NetSuite now links our logistics planning with financials, and lets us access all our business information from anywhere in the world."

—IPICO



Results:

  • IPICO trimmed in excess of $300k in annual admin costs
  • More accurate production planning has helped reduce shipping costs by 5 to10%
  • Better inventory forecasting has helped reduce purchasing costs by 10% by placing higher-volume orders with contract manufacturers
  • Monthly, multi-subsidiary closings have been reduced from 30 days to 5 days
  • Visibility into real-time accounting information now helps management track costs more closely than before
  • NetSuite's multi-level Bill of Materials (BOM) functionality helps IPICO manage components with different lead times or volume-sales conditions, and makes any pinch-points immediately visible to key company personnel
  • Accessibility to customer information has helped IPICO enhance customer relations by improving responsiveness to inquiries

Challenges:

  • A pioneer in RFID manufacturing needed to streamline logistics and administration costs to succeed with corporate re-structuring
  • A global startup, the company was encumbered by numerous market initiatives and disparate IT applications in headquarters and remote subsidiaries
  • Financial analysis was delayed because of the need to consolidate data from the company's international subsidiaries
  • Ordering from the company's 10 contract manufacturers was inefficient because of the lack of accurate production forecasting

Solution:

  • IPICO standardized on NetSuite OneWorld to consolidate IT operations across the company and its 5 subsidiaries
  • The company uses NetSuite's light manufacturing module for managing assemblies and work orders and advanced inventory for serialized inventory tracking
  • NetSuite's cloud architecture simplifies access for the company's South Africa-based CTO, its supply chain manager, and all other remote users
  • IPICO's next step is to implement NetSuite CRM







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