Case Study: Diamond Attachments protects margins with Fishbowl

Diamond Attachments speeds pricing decisions with Fishbowl after a 2-month manual review

Diamond Attachments, a manufacturer of heavy-equipment attachments, faced the challenge of protecting its profit margins as the costs of raw materials like steel fluctuated. Their existing process for updating product pricing was manual and slow, relying on static reports that often lagged behind current vendor costs. This made it difficult to maintain target profitability and could take months to complete. To address this, they turned to their long-time vendor, Fishbowl, and its manufacturing and inventory management system.

Fishbowl developed a custom plugin for its manufacturing software that rolls up bill of materials costs using three methods: average cost, last vendor cost, and the highest of the two. This solution provided Diamond Attachments with faster, more flexible, and more accurate cost analysis. The results were significant, replacing a two-month manual pricing review process with immediate insights. This allowed for more confident pricing decisions that better protected margins by incorporating recent vendor costs, and it also provided a faster starting point for pricing new products.

Diamond Attachments