Speedmaster Fuels Growth & Innovation Plans

Speedmaster Fuels Growth and Innovation Plans with Global Finance Platform

With more than 150,000 SKUs under management, Speedmaster’s automotive components form an increasingly major part of automaker assemblies around the world. The business manufactures and sells its original parts out of distribution centres in Sydney, Los Angeles and Shanghai, with its 450 employees catering to B2B buyers via a range of online, offline and reseller channels.

Company

Speedmaster

Location

Los Angeles, USA
Sydney, NSW

Industry

Manufacturing
Retail
Wholesale Distribution

EMPLOYEES

250 to 499

NUMBER OF COUNTRIES

SYSTEM REPLACED

SAP

NETSUITE PRODUCT IMPLEMENTED

NetSuite OneWorld

IMPLEMENTATION PARTNER

NetSuite

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“NetSuite’s platforms have exceeded our expectations, and the calibre of customer service really makes them a delight to work with.” Jason Kencevski, CEO, Speedmaster

Simplifying the Omnichannel

Revving its growth engines: With the company hoping to stock up to 2 million SKUs by the end of 2019, Speedmaster’s finance and operations teams needed a way to centrally manage rising sales volumes across different countries and currencies with speed, accuracy and consistency.

Multi-country and -currency challenges: Initial trials with other major accounting and web store platforms failed to deliver the desired level of functionality and user experience. Speedmaster encountered issues ranging from ease of adoption to inadequate support for its currencies and countries of operation.

Greater visibility into accounts and finances: Speedmaster implemented NetSuite OneWorld to manage all accounts and financial transactions, giving the business new levels of transparency into its balance sheets and financial performance. The business could now automatically track and reconcile transactions in different currencies and countries, as well as manage everything from work orders to electronic bank payments and performance reports through a single dashboard.

All systems go: As the business continues to expand, Speedmaster plans to centralise its advanced manufacturing processes using NetSuite, which will give it greater control over manufacturing, inventory and distribution in the US and China. By integrating pan-Pacific supply chain operations, Speedmaster hopes to build a sustainable base for further growth.

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