It’s hard for me to say which role I liked Paul Newman in best.
Was it his performance in Cat on a Hot Tim Roof opposite Elizabeth Taylor, or his leading role in The Long, Hot Summer with his future wife Joanne Woodward? It might have been his role as ‘Fast Eddie’ in The Hustler which he would reprise in The Color of Money for which he won an Academy Award.
There is also his portrayal in The Life and Times of Judge Roy Bean. Then he went from portraying a western Judge to a western outlaw in the company of his long-time friend Robert Redford in Butch Cassidy and the Sundance Kid. He joined up again with Redford for an Academy Award Best Picture, The Sting.
Who can forget his leading performances in both Cool Hand Luke and Exodus. But perhaps three of his ‘conflicted character’ portrayals in Absence of Malice, The Verdict and The Towering Inferno might very well be my favorites.
Throughout his career and stardom Newman was one of the most philanthropic actors in Hollywood.
In 1982 he founded Newman’s Own, that started with salad dressings, then pasta sauces, and later many other food products. Newman established a company policy that all proceeds, after taxes, would be donated to charity.
Personally, I’m a fan of Newman’s Own Balsamic Vinaigrette. Murph
Today, Newman’s Own, Inc., continues Paul Newman’s founding commitment to “give it all away,” with 100% of its profits going to Newman’s Own Foundation, which helps children who face adversity.
With all of this in mind, I’m here to tell you that Newman’s Own, Inc. is leveraging the power of NetSuite to simplify its technology stack, reduce operational costs, and improve productivity.
Newman’s Own, Inc., the food and beverage company founded by late actor, race-car driver, and philanthropist, Paul Newman, is working with Oracle NetSuite to find efficiencies in its mission to produce great-tasting, high-quality food and beverages and give away 100 percent of its profits to help kids facing adversity.
With NetSuite, Newman’s Own has been able to take advantage of an integrated business suite to increase profitability and generate more money for worthy causes by consolidating financial processes, expanding business visibility, and improving efficiency across its growing operations.
As Newman’s Own expanded its operations across grocery stores and wholesale clubs in the United States and introduced products ranging from frozen pizza, pasta sauce, and salad dressing to pet food, its operational and financial processes became increasingly complex, and its existing business systems – a mix of various market financial, supply chain and Microsoft-Office tools – required manual integrations that created inefficiencies. After evaluating several key market systems, Newman’s Own selected NetSuite to establish a new enterprise resource planning (ERP) suite.
“Our previous business systems were inefficient and required continuous, manual updates to adapt to our evolving needs,” said David Best, president and CEO, Newman’s Own, Inc. “With NetSuite, we now have one system that connects data across all our operations and product lines, and this has helped support our ongoing growth by improving visibility, productivity, and collaboration across our business. This makes a huge difference to us as every penny we save on operational efficiencies means more money can go towards helping kids who face adversity.”
With NetSuite, Newman’s Own has been able to consolidate and automate financial and operational workflows to improve business performance and decision making. NetSuite Revenue Management enables Newman’s Own to increase the speed and accuracy of financial reporting, help comply with accounting standards, and easily add new product lines. With NetSuite Order Management, Newman’s Own is able to increase collaboration and optimize production, fulfillment, and distribution processes. With real-time performance insights, SuiteAnalytics Connect helps Newman’s Own gain greater visibility and control of its business.
In addition, NetSuite Planning and Budgeting will help Newman’s Own automate and enhance budgeting and forecasting processes to reduce planning cycle times and improve forecast accuracy. To support future growth, Newman’s Own is exploring NetSuite Analytics Warehouse to simplify data management and gain faster, easier access to actionable insights.
“Food and beverage production relies on a tight integration of operational processes, and too many point solutions can create a technology hairball that results in greater inefficiency,” said David Rodman, senior vice president of customer success, Oracle NetSuite. “With NetSuite, Newman’s Own has been able to increase productivity across its expanding operations by managing its financial, production, inventory, and order systems in one place. This is helping Newman’s Own run its business better and maximize the profits it’s able to donate.”
Who knows, you might be able to 'win a victory' over your financial struggles as significant as the case Newman won in The Verdict; or preside over your business inefficiencies as Newman presided over the vast 'Old West' in the Life and Times of Judge Roy Bean. Or, you might just conquer your financial, production, inventory and ordering systems the way Newman's Own did, with the help of Oracle NetSuite. I suggest you give them a look. Murph
Disclosures:
Content within this feature has been adapted from Oracle NetSuite source materials. Graphic content appearing in the headline was adapted from Newman's Own (Inc) website advertising materials. All referenced source materials or content appearing within this Insightful Accountant feature were adapted and are furnished solely for educational purposes.
NetSuite and Oracle are registered trademarks of Oracle Corporation. Oracle Corporation is a publicly traded NYSE-listed (ORCL) multinational corporation headquartered in Austin, Texas (USA).
NetSuite was the first cloud company—ushering in the new era of cloud computing. For more than 25 years, Oracle NetSuite has helped organizations grow, scale, and adapt to change. NetSuite provides an integrated system that includes financials / Enterprise Resource Planning (ERP), inventory management, HR, professional services automation, and omnichannel commerce, used by more than 37,000 customers in 219 countries and dependent territories.
Newman's Own is a registered trademark of Newman’s Own, Inc., founded by Paul Newman in 1982. Their products include salad dressings, pasta sauces, frozen pizza, salsa, refrigerated drinks, cookies, popcorn, and olive oil as well as dog treats. Newman’s Own, Inc., continues Paul Newman’s founding commitment to “give it all away”TM with 100% of its profits going to Newman’s Own Foundation, which helps children who face adversity.
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