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Supply Chain Management
Supply chain management gives you the Real-time business status at HQ from about every point of sale. From the head office, you can monitor sales & inventory position at each one of your store. The Supply Chain Management software helps you in consolidating the data from your various branches into one system and does an integrated analysis of sales, inventory and purchase
Client Situation: Client is leading telecom company, Nokia Private limited. They focuses on managing your branch wise sales, purchase, inventory, receivables and profits. It helps you in controlling expenses, decreasing costs and increasing your profits.
Solution: Consolidated view of inventory including the need at each point of sale facilitates optimum inventory at each point of sale. Also ensures that stock can be transferred to the point of sale at short notice. This lowers investment & increases the return Increase your
ROI: Identify non-moving stock across the chain, transfer them to where they are selling and/or return them. Also, identify and return non-moving stock at purchase value to avoid any loss on non-moving stock return. Such effective stock transfers coupled with purchase returns increase the ROI.
Lower your Pilferage: Continuous stock audit based on ABC classification of items instead of periodic full stock verification helps you identify mismatch between physical stock & system stock early. Such continuous stock audit helps lower pilferage.
Best Purchase: As you pool your requirements, the volume of purchase goes up. This allows you better negotiating leverage. Combining this with the analysis of your sales, purchase and inventory data, allows you source products from the cheapest and best.
Lower Operating Cost: Optimal utilization of man power, optimal utilization of store space, and effective inventory management etc. leads to lower operating costs Centralized Financial
Control: As your business moves to a model of depositing the entire receipts/collections with the HQ supply chain and all payments are made from HQ, you get better financial control over your business.
Fraud Prevention: Real-time / Periodic upload of point of sale data to the HQ prevents any tampering with data at the point of sale. This builds better awareness among point of sale staff and prevents fraud Prevent poor practices from becoming bad habits.
Audit: Audit trail help supply chain management know the activities done at the point of sale and identify the poor practices such as stock updating, temporary stock addition etc. Corrective action for such poor practices can be taken by training the personnel at the point of sale. This helps in making sure poor practices do not become bad habits Item.
Normalization: This helps in providing a standardized, complete and accurate data across the item master files of both the retailer and wholesaler. Item normalization helps to analyze the data more accurately and provide high quality reports.
Key challenges were:
• Supports any type of chain outlets
• Web based platform
• Comprehensive Authorization, Authentication and Access Control
• Configurable reports settings
• Comprehensive report features
• Business Intelligence Reports
• Inventory Control, Purchase and Sales reports
• Financial Accounting