Supply chain management is all about managing your ordering, purchases, holding sufficient stock to cover your 60 to 90 days sales, managing and controlling holding cost, delivering products to your customers on time, and making sure that your business is never out of supply.
It is very important to understand that supply chain is the backbone of any trading or manufacturing company. It makes your processes efficient and helps you to maintain good flow from acquiring raw materials, work in process, and to supply finished goods to your customers.
We provide services for Inventory management including maintenance and physical verification including in and out movement. Our expert financial and accounting consultants discuss with you about your problems, review your internal processes and supply chain system, identify problem areas, provide solution to reduce or eliminate the challenges your business is facing and recommend further actions to improve your supply chain and inventory management systems.
We also provide warehouse management system which assists in carrying out physical stock count and provide software solutions that make your life easy. We provide automated solutions for inventory count within short period of time and with very few people involved. It does not only save time but ensures accuracy as well. Our warehouse management solution improves accuracy of reporting and inventory can be monitored any time from the system instead of counting it physically.
We also help you in identifying slow moving inventories, dormant inventories, obsolete inventories, and fast moving inventories. Most of the times, companies do not know which item of stock is not moving into the market, which is low selling stock, and which product has become obsolete. This adds burden on your working capital, increases chances of future losses, and also distort your aging of inventory.
Slow and non-moving stocks appear in old aging that cannot be a healthy sign for any company that really wants to grow and convert inventory into sales and then into cash. Good inventory management system can also make sure that you are using FIFO (First In First Out) method efficiently and you are not leaving old stock on the shelves of your warehouse.