Established in 1649, Fiskars is one of the oldest companies in Finland. The company is focused on providing high-quality consumer goods, and its products are present in people's everyday lives – at home, in the garden, and outdoors. Fiskars is well-known for its many iconic products and has them available in more than 100 countries.
Today Fiskars is experiencing strong demand for its brands and products and has started multiple initiatives to capture these growth opportunities. One of the initiatives was to improve how the product portfolio is managed across life cycles, functions and geographies. This initiative was approached business area by business area, with the plan to create scalable processes and tools for all the business areas to use.
"We've been discussing for a long time on how to develop our profitability management. The project with Knowit Insight brought transparency to our product portfolio through the introduction of a concrete tool and put end to the gut feeling based decision-making."
Sari Somerkallio, Vice President, Business Finance at Fiskars