skip to Main Content

Technology Helps Brands Grow Beyond

Events & Announcements Supply Chain Planning

In the 2018 National Manufacturing Outlook and Insights report, manufacturers expressed remarkable optimism for their industry and businesses in 2018. More than half of those that responded to the survey that generated the report indicated that they expected growth within their sector, and the percentage of respondents that anticipated an increase in revenue grew by 11% over 2017.

It definitely felt like it was ‘time to get growing’ at NetSuite’s SuiteConnect West conference in San Francisco on Oct 25. With six unique tracks focused on a mix of best practices, new products and solutions, and inspiring stories from NetSuite customers on how they are expanding their own businesses, there was something for everyone, at every stage of growth.

After attending a range of sessions, it became apparent that when it comes to achieving growth, manufacturers, and brands that engage in contract manufacturing, need to take the temperature of their own unique business and sector and determine the tactics that will propel them accordingly. In the 2018 National Manufacturing Outlook and Insights report, manufacturers selected organic growth within the U.S. as their primary opportunity to grow sales (72%), followed by new product or service development (44%). In theory, both of these strategies are excellent options but are companies missing a more obvious, easier to deploy strategy: utilizing technology to improve efficiency and cut costs, thus generating savings that can be reinvested in growth initiatives.

Here at DemandCaster, we help our customers drive waste and cost out of their operations in innumerable ways every day. One such client is STM Brands, a provider of award-winning accessories for tablets, laptops, and phones, who happens to be both a NetSuite and DemandCaster customer. When STM identified escalating supply chain costs (particularly in the area of excessive freight costs), they decided to investigate a better way of doing things. With the help of supply chain planning technology from DemandCaster, STM moved from thinking about demand on a regional basis to planning for their entire business holistically. The shift ultimately helped STM make better data-driven decisions that resulted in a 20 percent increase in operating margin and a 50 percent increase in sales profits. Freight costs to sales also decreased by 25 percent year-over-year.

In the last three years, STM has doubled in size, tripled in revenue, and nearly tripled its global retail presence. A portion of that growth has undoubtedly been fueled by technology that helped STM improve customer service and response time, reduce inventory holding costs, and so much more. Money saved is truly money earned—it’s capital that can be re-invested in growth.

Each company is unique, and the growth tactics it prioritizes will vary, but many brands might find that exploring technology as a driver for growth can lead to less waste and more profitable results. If you’re a NetSuite user wondering what improved demand planning could do for you, schedule a demo with us today.

Related Articles

How DemandCaster Became a Trusted Name in the Supply Chain Planning World

While Plex Systems DemandCaster continues to provide the supply chain planning world with a robust software product that helps businesses of all sizes work smarter and grow better, explicit recognition in the IDC MarketScape: Worldwide Overall Supply Chain Planning 2019 [...]

Join DemandCaster at Oracle NetSuite’s SuiteConnect19 in San Francisco

DemandCaster is proud to announce that it will be exhibiting at SuiteConnect19 San Francisco on September 18th. This event at the Marriott Marquis San Francisco will bring together 900+ NetSuite users, prospective customers, partners, press, and industry influencers. Now in [...]

LSE Retail Group Selects DemandCaster to Maintain High Customer Service Levels and Better Manage Growth

The LSE Retail Group (LSE) is a rapidly growing online retailer of lighting for the home. Established in 2009, the company now fulfills more than 1,000,000 orders a year from a modern distribution facility in Manchester, United Kingdom. Recognized as [...]

See DemandCaster in Action at ASCM 2019

DemandCaster will be exhibiting at ASCM 2019, the inaugural event from the Association for Supply Chain Management (ASCM), the global leader in supply chain transformation, innovation, and leadership. The conference will take place September 16–18, 2019, at The Mirage in [...]

Tea Forte Selects DemandCaster to Improve Planning Ensuring the Continued Delivery of the Ultimate Tea Experience

Tea Forte's pyramid-shaped tea infusers are mainstays in the luxury hospitality world. The company’s teas are offered at leading hotels, restaurants, resorts, and retailers around the world and the brand serves as the exclusive tea purveyor for the James Beard [...]

DockATot Selects DemandCaster for Enhanced Demand Planning to Help Ensure Every Baby Gets the Comfort They Deserve

DockATot believes every baby deserves to be surrounded in a comfortable environment every day of their lives. Their multi-functional lounging, playing, chilling, resting, and snuggling docks for babies and tots allow mothers to feed, soothe, and bond with their babies. [...]

DemandCaster to Exhibit at the Best of the Best S&OP Conference Presented by ASCM and IBF

According to Mark Moon, a co-author of Advanced Demand /Supply Integration (DSI) Best Practices, a white paper published by the Global Supply Chain Institute of the University of Tennessee Knoxville, "S&OP really needs a strong rebranding effort." We couldn’t agree [...]

Our Takeaway from SuiteWorld: 5 Ways Supply Chain Planning Software Supports the Blueprint for Growth

While it is easier than ever before to start a business today, many companies are not able to remain successful and grow to the next level. It’s not surprising that the theme of last week’s SuiteWorld19 was Grow Beyond. For [...]

Ara Surenian of DemandCaster, to Discuss ‘Growing Beyond the Status Quo’ with S&OP at SuiteWorld19

Ara Surenian, founder of DemandCaster and a supply chain visionary with over 30 years of industry experience, will present 7 Steps to Getting Started with Sales and Operations Planning at the upcoming Oracle NetSuite SuiteWorld. The session will explain the [...]

DemandCaster Announces Gold Sponsorship of SuiteWorld19

DemandCaster is excited to announce it will be a Gold sponsor at SuiteWorld19, an annual celebration of Oracle NetSuite customers and partners. SuiteWorld will take place April 1-4, 2019 at the Sands Expo & Convention Center in Las Vegas. “We’re [...]
Subscribe to our Blog
Back To Top