NetSuite Helps Premium Case Maker Grow 583% While Cutting Costs by $100,000 yearly
"Before NetSuite, it would have been impossible for us to work with any big retailer because we didn't have real-time visibility into inventory or into our daily multi-channel sales. With NetSuite, we can now commit to on-time wholesale product deliveries to Apple's regional hubs, and we can respond to their queries quickly and accurately, without risking stock run-outs because of faulty information."
—Sena Cases
Results:
- The company grew 583% since 2007, from about $1M to $14M, and expects to nearly double again this year, while using just a single half-time IT staffer
- Meanwhile, Sena Cases saves $1,000,000 yearly over the capital and maintenance costs of a comparable server-based system
- Reliable, real-time inventory management has enabled Sena Cases to become an authorized Apple supplier, stocking inventory in Apple's regional hubs and selling through Apple's retail stores
- Sena Cases responds to a large order from one of Apple's 3 US hubs within a day; with the old system, it would have taken a week or more
- Faster invoice processing and the use of accounts-receivables ageing alerts have helped Sena Cases reduce order-to-cash cycles times by 50%
- Improved inventory management has helped Sena Cases reduce stock-outs by 100%
- Fedex integration and real-time rate calculations have helped the company cut shipping times for online orders by 50%, from 2 days to 1 day
Challenges:
- Limited business software prevented this maker of premium leather cases from taking advantage of the exploding market for iPhones, iPads and other mobile devices
- Lack of integration and visibility among ecommerce, accounting, customer service, and inventory management severely hampered business performance
- Lack of process integration and real-time inventory visibility prevented Sena Cases from making wholesale commitments to big-box retailers such as Apple
- Upgrading existing server-based software would have been expensive, and would still fall short of providing full process integration
Solution:
- Role-based NetSuite dashboards let managers drill into KPIs to get real-time detail on customer service—customer service is critical for a premium company—as well as inventory management and other processes
- For instance, management can drill into customer support cases to check the exact communication that's taken place between customer and support—something impossible previously