INTRODUCTION
Manufacturers transform goods, i.e., they mainly manufacture their own goods, but they also repair and install industrial equipment, as well as subcontract operations for other firms.
Nevertheless, with the growing number of breakthrough inventions and technologies, we have studied some of the major challenges faced by the manufacturing industry and have attempted to overcome them.
Inventory Management
It is one of the most critical conundrums faced by manufacturers. Industries like railways, Substation, Electrical, HDVC, etc. are some industries that have a colossal amount of raw materials that need to be stored and taken proper care of. Manually investigating the stocks is more prone to fallacies, leading to a high amount of inaccuracies, shortage or overflow of stocks, and pilferage. Organizations are under constant
pressure to facilitate the required products to their clients without falling short of it.
Our well-coordinated inventory team makes use of advanced software to keep track of all the inventories without missing a single account of stocks and keeping them in good condition. We are well-equipped with a barcode scanner, accounting systems, and the latest technology to leverage the speed of the tracking process.
Manpower Shortage
Automated software and contemporary technology have made the manufacturer’s work much easier, but one needs human assistance as well to run those machines and software. Hiring skilled employees, especially blue-collared ones, processing payrolls, and abiding by labor law compliance is an arduous task to perform. Additionally, maintaining their labor costs, overtime charges, daily wages, etc. are too complex to handle.
To sort this issue out, our back-office team comes with the best-recruiting services where we have access to all kinds of employee information (from professionals to manual labor). Our team conducts proper screening, stringent background verification, handling contractual and permanent payrolls, and following labor law.
Fixed Asset Management
We all know that the manufacturing industry involves a gigantic range of equipment and machinery. For that purpose, it requires rigorous monitoring and tracking of assets so that chances of damage, ghost assets, and pilferage become less, meanwhile maintaining its operational proficiency. It demands an experienced team who responsibly takes charge of it.
We have gained our expertise in this industry and hence come up with the best solution when it comes to fixed asset management. Our team make use of software and modern devices that tracks each and every move of fixed assets without leaving any loopholes in our FAMS.
Vendor Reconciliation
As a manufacturing industry, the stocks are in a continuous state of flux and is mostly noticed that the vendor’s invoices and the physical stock doesn’t match with its high accuracy rate. Hence, one needs the assistance of vendor reconcile method in order to get rid of discrepancies, accounting errors and stock’s pilferage.
This process requires professional assistance to block the chances of rift between vendors and the company owner. That’s when, we come into the picture. We have designed our processes in such a way, so that we can resolve any kind of vendor issues easily and steadily. Our Vendor Help Desk addresses vendor payment related queries, their statutory compliances and pre-defined procedures.
Our solutions involve Vendor Help Desk, Vendor Master Validation, Vendor Bill Processing, Vendor Bill Verification, Vendor Balance Confirmation and Vendor Reconciliations.
Manage All Your Manufacturing Needs in One Place.
We comprehend the challenges faced by manufacturing industries. Thus, we provide solutions that help our clients deal with it effortlessly.
We possess mastery in:
- Implementation of Internal controls
- Process outsourcing – AP / AR
- Stores & Warehouse Outsourcing
- RM & FG Stores Outsourcing
- Taxation support – Compliance, Audits, Deptt. Liaison
- HR Services – Placement, payroll, compliance
- Facility Management
- Fixed Assets – Capitalization, Numbering & Verification
- Inventory Verification – Periodic / Perpetual
- Reconciliation – Vendors / Customers / Statutory