Fishbowl Inventory > 实例探究 > Fishbowl® Helps Prince Michel Flow from Crisis Management to Informed Pricing, Production Planning, and Sales Fulfillment

Fishbowl® Helps Prince Michel Flow from Crisis Management to Informed Pricing, Production Planning, and Sales Fulfillment

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公司规模
SME
地区
  • America
国家
  • United States
产品
  • Fishbowl Manufacturing
技术栈
  • QuickBooks
实施规模
  • Enterprise-wide Deployment
影响指标
  • Cost Savings
  • Productivity Improvements
技术
  • 功能应用 - 库存管理系统
  • 功能应用 - 制造执行系统 (MES)
适用行业
  • 食品与饮料
适用功能
  • 离散制造
  • 采购
用例
  • 库存管理
  • 供应链可见性(SCV)
服务
  • 系统集成
关于客户
Prince Michel Vineyard & Winery is one of Virginia’s oldest and largest wine producers. Established in 1982, the company's headquarters contains a manufacturing facility as well as a retail tasting room and gift shop. On average, roughly 300,000 bottles of wine are produced annually. The company was purchased by the present owners in mid-2005. After two years of frustration with the information being presented by QuickBooks, in late 2007 the owners brought in a new chief financial officer (CFO) to address the situation.
挑战
Prince Michel Vineyard & Winery, one of Virginia’s oldest and largest wine producers, was facing significant challenges with its existing systems. The company was using QuickBooks, which was inadequate for their needs, particularly in managing multiple warehouses and bill of materials. The company was also facing procedural problems, such as all manufacturing inventories being expensed upon purchase, then looped back to cost of manufacture at a later date. This practice, along with other workarounds and estimates, resulted in meaningful financial statements but only months after the year was over. The company was also struggling with inventory accuracy, stockouts, and the inability to produce timely, accurate cost-to-manufacture information in-house.
解决方案
In early 2008, the company's new CFO issued a request for proposal to approximately 10 commercial software vendors. After reviewing the capabilities of various providers, it was determined that the right solution would be QuickBooks linked to Fishbowl Manufacturing. The bills of materials are constructed with a combination of inventoried items and standard overheads, thereby determining cost to manufacture as soon as the work is complete. The ability to use multiple warehouses, both physical and logical, has been perfect for improving inventory accuracy. Fishbowl was implemented without hiring a consultant and with relatively little training.
运营影响
  • With Fishbowl, through the application of reorder points, as well as the allocation of pending sales to inventory calculations, a reorder report is generated weekly to guide production planning.
  • With Fishbowl, product and customer margin reports are reviewed routinely and with confidence.
  • Fishbowl played a key role in moving Prince Michel from crisis management to informed pricing, production planning, and sales fulfillment.
数量效益
  • Improve net income by 17% and cash flow by 40%
  • Save $25,000 annually by eliminating the need for outside accounting firm cost calculations
  • Reduce inventory adjustments from 12% to 2%
  • Save over $10,000 annually by decreasing stockouts from approximately twice monthly to non-existent
  • Reduce timeframe for cost to manufacture calculations from 6 months AFTER year-end to immediately upon manufacture and increase accuracy by more than 10%

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