Case Study: Orca Specialty Foods achieves real-time dynamic costing with ThisFish Inc.'s Tally software

Orca Specialty Foods enables real-time dynamic costing with ThisFish Inc.

Orca Specialty Foods, a seafood processor, faced challenges with real-time production costing due to their reliance on a legacy system, manual records, and Excel. Their existing digital system was not used in real-time, causing significant delays. This was compounded by the complex nature of seafood manufacturing, where fluctuating fish prices and yields make standardized costing ineffective. ThisFish Inc. provided its Tally software to address these issues.

The solution from ThisFish Inc. involved implementing QR-coded labels and scanners for real-time tracking of inventory and production. A key feature was a custom algorithm that creates a dynamic, weighted average cost for raw materials, which updates automatically. The software was also integrated with the company's accounting system. As a result, Orca Specialty Foods achieved real-time, dynamic costing, strengthened inventory and production processes, and improved data accuracy through automation.

Orca Specialty Foods