Teak & Mahogany Sees 300% Net Profit Gain with NetSuite

Relying on two instances of MYOB accounting software and Excel spreadsheets to run accounting, supply chain and retail operations made it impossible for Teak & Mahogany to make informed business decisions. The lack of integration and automation among processes led to miscommunication among departments, entries of duplicate or incorrect data, and stilted productivity for the manufacturer of indoor and outdoor furniture and accessories.


Teak & Mahogany

Company

Teak & Mahogany

Location

Singapore

Industry

Retail, Manufacturing

Employees

24

Other solution considered

Microsoft Dynamics NAV (Navision)

Systems replaced

MYOB, Excel

Number of Users

10

Number of Countries

1

NetSuite Products Implemented

NetSuite International
Advanced Inventory
Work Orders and Assemblies

Partners

PGE Solutions

Location

Philippines

LEARN HOW CLOUD ERP CAN STREAMLINE YOUR BUSINESS.

Schedule a free consultation(opens in a new tab)

"There’s no doubt NetSuite has played a big role in our increased profitability. NetSuite gives us outstanding flexibility and fantastic real-time data that shows us how the company is doing at any time." Teak & Mahogany

Siloed Systems Breed Miscommunication, Inaccuracy

Integration, Customisation Automates Processes
With the help of PGE Solutions, Teak & Mahogany implemented NetSuite in 2013, automating purchase order and inventory control processes. It customised the solution to fit its unique processes with ease, and even integrated it with its Magento ecommerce system with an add-on from NetSuite partner Celigo.
Perfect Order Accuracy Achieved
With NetSuite Inventory Management, the business reduced overstock in its 3,000 Stock Keeping Unit (SKU) inventory. It now has perfect order fulfilment accuracy, compared to previous error rates of 350 on average annually. Net profitability increased 300 percent since 2014.
Poised for Greater Efficiencies, Growth
The business continues to increase operational excellence—for instance, expanding its use of bin management to maximise inventory efficiencies. NetSuite’s scalable platform positions Teak & Mahogany to expand its flagship retail store, grow B2C sales, and expand partnerships with design firms globally.

Resources


Learn How the #1 Cloud Business Suite Can Transform Your Business

Schedule a free consultation