Stock Take - Inventory Managment Solutions

Stock Take - Inventory Managment Solutions

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  Inventory Management Solutions www.satiateconsulting.com
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  2 Driving DealerProfitability Each dealership is different. They all have a unique set of circumstances that disallows the cookie cutter approach that everyone wants. If it was a "one size fits all" then someone would write a book and dealerships would all do the same thing the same way every time and be happily ever after. But they are not. So the path to profitability is very muddy. And you will get dirty. And you will fall down. And my advice to anyone on this path would be to ask someone who is profitable for help. Whether another dealer or a consultant, someone is doing a better job. There is no shame in seeking information. And that is all you are doing. Another dealer will tell you what he is doing. A consultant will show you. At the end of the day it boils down to what you do with the information. It is the dealer who is responsible for the execution of any process. An outsider looking in is a great way to identify areas in need of improvement but again it is up to the dealer to act. No magic pills. Hard work, dedication, great customer service and a sense of satisfaction for a job well done will go along way “ We believe that hidden within business challenges are opportunities to innovate. That’s why we’ve developed an approach to client engagements that foster s ” creative thinking.
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  3 Objective “ENABLINGREQUIRED BUSINESS CAPABILITIES” Improved profits through exceptional business practices Decision support solutions that delivers useful, strategic information Enhanced employee productivity & skill proficiency
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  Powered Performance in2 Years Key Clients: Dealers
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  Current Engagements BhagyodayaMotors Pvt Ltd is leading TATA Motors PCBU dealer in 3 districts (Bellary,Raichur & Koppal) in Karnataka. After implementation of SFM the major process gaps are identified and framed the new process and established a review mechanism . Designed online P&L . Conducted a Business Plan exercise for FY 13-14 to work on time lines to achieve the decided goals. Providing Monthly Revenue Statement & Analysis for Sales and Service also conduct a review with HODs. Bangalore Wheels is No.1 Dealer in Yamaha 2 Wheeler for Karnataka and Satiate has taken the responsibility to conduct Process Audit for entire Sales & After Sales operations and also conduct a Wall to Wall Spare Stock take Bhagyodaya Fiat is a newly established dealership in Bellary after the separation of Fiat from TATA Motors it is an exclusive showroom for Fiat brand. The defining and implementation of Standard Operating Procedure are currently in Progress along with SFM and designing & implementation of KRAs for all the employees Bhagyodaya Trokhos Pvt Ltd is leading TATA Motors CVBU dealer in 3 districts (Bellary,Raichur & Koppal) in Karnataka. Now the profitability is the main criteria for all the LOB heads performance after implementation of SFM and now the average sale was gone up 25% compare to previous year , Same like in BMPL here also conducted a Business Plan exercise for FY 13-14 to achieve the goals, designed online P&L and conduct review meetings Model wise ,LOB wise & DSM wise along with HODs. Designed a KRAs for back office staff which is linked to their job responsibilities. Panache Enterprises is one of the senior most dealer in Yamaha 2 Wheeler for Karnataka and Satiate has taken the responsibility to conduct Process Audit for entire Sales & After Sales operations and also conduct a Wall to Wall Spare Stock take Bhagyodaya Honda is a newly established 2 wheeler dealership in Hospet, Satiate designed & implemented the Standard Operating Systems across all the departments and systematized the organizational structure for smooth flow operational activities. KRA & Incentive structure and Authority matrixes were given for employees for effective performance. Meghavath Suzuki is a 11 month old 2 wheeler dealership in Bangalore, Satiate taken a complete responsibility of setting up of organisation structure, Standard Operating Procedures , KRA’s for Key personnel's. Implementation of Strategic Financial Management (SFM) in Tally Software, Management Information System for Operational Departments
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  Scope of Service 6 Arrive realistic profitability Identifies Profit earners and Loss bearer Enhance the profitability to maximum extent Control on overheads
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  CONSULTING • StrategicFinancial Management (SFM) • Business Plan & Organisation Design • Data uploading solutions • SOPs MANAGEMENT ANALYSIS Our Services • Business Performance Development (BPD) • Business Performance Reporting (BPR) BUSINESS OUTSOURCING • Booking Keeping • Tax advisory • Accounts Payable & Receivable • Monthly Statutory & Legal Compliances AUDITS • Progression Appraisal • Internal Audit • Due Diligence BUSINESS ESTABLISHMENT • New Company Incorporation • LLP Registration • VAT Registration (TIN) • Service Tax Registration (TAN) • PAN Card EXPLORATION • Working Capital Analysis • Operation Evaluation • Financial Evaluation HR & TRAINING • Human Resource • Training
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  Inventory Management Solutions Any organization that carries an inventory of products has a need to maintain accurate information on the movements of all these items to better serve its customers and run a profitable business. Whether you need to manage one supply closet or a multi-facility warehouse operation, the goal is to cut down on manual data entry costs, minimize your inventory write-offs and overstocks and increase efficiencies in your supply. Satiate offers a wide variety of services designed to increase efficiency and inventory accuracy for dealers of all sizes. OUR SERVICES • Onsite physical inventories • Space optimization • Shrink reduction • Store remodels and resets • Inventory management solutions • Top 100 Tracking • Ordering Assistance • New Store Set up • Out of Stock Reporting • Category Management • Customized solutions to fit your inventory needs
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  Physical Inventory Services We work in partnership with our clients to understand their business requirements. Each client is provided with a customized stocktaking solution. We deploy dedicated teams of counters to count the stock using the very latest hand held technology before reporting our findings. Today's Challenges • Overstocking is a result of "just-in-case" inventory levels • Clinician satisfaction is lowered when burdened with ordering and counting • Over-ordering is a cause of storing items in multiple locations (hoarding) • Patient care is at risk with expired items in clinical areas • Liability increases with vendor-managed consigned items
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  Physical Inventory Services There are many benefits to using Satiate to conduct a stock-take , some of these include:  Increased sales.  Minimal disruption to store staff.  Total independence.  Reduced shrinkage.  Store staff concentrate on core activity, selling.  Improved customer satisfaction and stock availability.  High level of accuracy.  Detailed reporting.
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  Stocktaking Retail outletsstocktaking We define the balance of goods, stocks and packaging materials of self-service as well as retail outlet entities so to provide reliable information on the goods and packaging materials contained in books and in financial statements. Stocktaking carried out in retail outlets aims to: • Define the actual quantity and the value of stocks in a given retail outlet on a given day • Compare the actual balance with the balance in the books of accounts • Calculate the differences in value against the natural losses (if such losses have been admitted for a given outlet) Fixed assets stocktaking We render services consisting of defining the actual balance and the number of fixed assets owned by an entity as well as of checking their classification and marking. The inventory of fixed assets is carried out based on a client’s database and on the existing bar codes. If the required bar codes are lacking we establish the record with bare codes from the very beginning. Fixed assets stocktaking comprises: • Items of property entered into books of accounts • Assets entered into off-balance register used by a business entity based, for instance, on operating leasing or contract of lease or rent Fixed assets stocktaking aims to: • Establish their actual state • Establish the ownership of items of property and in particular of real estate assets and land (for instance assets having been leased or rented) and to settle up persons who bear material responsibility • Define assets designated to be liquidated, assets that have become useless, that are unserviceable, superfluous and it also aims to reveal alterations, modernizations etc.
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  Stocktaking Warehouse stocktaking We carry out an inventory of warehouses with co-production items, items under construction and finished goods. Main objectives: • Comparison of stocktaking results with the actual state of warehouse stock • Enabling corrections of warehouse stocks • Total control at each level of stocktaking • Providing data to establish break even point • Efficient display of stock level • Electronic display of documents in an appropriate form Industrial stocktaking We render stocktaking services for varied industrial plants, craftsmanship businesses and other business entities. Industrial stocktaking aims to: • Carry out stocktaking through a physical counting of all the property items that remain at a business entity disposal • Propose and to substantiate motions concerning methods of settlement of inventory differences • Indicate ways of removing irregularities in the management of a given entity's property
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  Profile Satiate St a r t e d I n 2 0 1 2 a t B a n g a l o r e . Vision E s t a b l i s h i n g a f r a m e w o r k t o b u i l d a m o d e l b u s i n e s s e n t e r p r i s e Mission We k n o w t h a t t h e b e s t s o l u t i o n i s a l w a y s p r e c i s e l y t a i l o r e d , w e t a k e a n u n u s u a l a p p r o a c h : w e a c t u a l l y l i s t e n . We g e t t o k n o w t h e c o m p a n y . We t a k e t h e t i m e t o u n d e r s t a n d e x a c t l y w h a t t h e c l i e n t w a n t s . Values We t a k e s i m p l e a p p r o a c h t o c o n s u l t i n g t h r o u g h l i s t e n i n g t o o u r c l i e n t s . H e l p i n g t o t u r n s t r a t e g i e s i n t o r e a l i t i e s . We a r e c o m m i t t e d t o o u r c l i e n t s u c c e s s We e x p e c t a h i g h l e v e l o f p e r f o r m a n c e E v e r y t h i n g w e d o , w e d o w i t h i n t e g r i t y
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  Vijay Kumar ManagementTeam FCA, M.Com Experience: Finance & Accounts ,Audits ,Taxation , Business & Invesntment Analysis Previous Employers : Prashaste Education & Management Consultancy Pvt Ltd, ICIC Bank , Kotak Mahindra Vijay brings with him over one decade of experience in finance, accounts, audit and investment analysis. He has deep knowledge of IGAAP, USGAAP, IFRS and other statutory/regulatory environments. With expertise in MIS, statutory compliances, budgetary planning and execution, financial analysis, corporate tax and service tax, Vijay has been associated with leading institutions like ICICI Bank and Kotak Mahindra Life. Vijay has worked on various software/ ERP platforms like SAP, ERP and TALLY. An expert auditor, Vijay has extensive experience in the areas of process audit, internal audit, compliance audit & transactional audit. He has handled direct tax matters of various companies and has sound exposure in indirect taxes specially the excise duty A Rahman MBA, M.Com, SAP- FICO, Dip IFRS from ACCA UK (KPMG) Experience: Financial Analysis, Profit Centre Accounting, Operational & Financial MIS, Audits, Business plans Previous Employers: Prashaste Education & Management Consultancy Pvt Ltd ,Future Ventures India Ltd., Concorde Motors (I) Ltd, AJMK Group (Kingdom of Bahrain) , Pantaloons Retail India Ltd Rahman has over one decade of experience in finance & MIS across the retail sector especially auto dealerships. He has an exceptional track record of developing MIS systems and providing financial analysis to top management for performance improvement. He has actively participated in Six Sigma Green belt Programe conducted by TQMS (Tata Quality Management Services) and conducted training workshop on SAP-Finance module at Futures group. He has been involved in developing implementing benchmark Profit Center Accounting, incentive schemes and MIS systems for dealers & distributors across brands. Santhosh.HB MBA-Finance, SAP- FICO, Office management Experience: Financial Analysis, Profit Centre Accounting & Process Audit Previous Employers: Prashaste Education & Management Consultancy Pvt Ltd Bostik India Private Limited, Future Group. & Concorde Motors (I) Ltd, Santhosh has over one decade of experience in finance & MIS across the retail and manufacturing sector. He has an exceptional track record of developing MIS systems and providing financial analysis to top management for performance improvement. He has a thorough understanding of retail operations and an eye for detail. He has been involved in conducting and implementing Process Audit for dealers & distributors across brands.
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  Satiate Consulting PvtLtd For a better insight into our services, please contact us at For Karnataka +91 9900 246597 +91 9980 015212 For Tamil Nadu, Andhra Pradesh & Pondicherry +91 9444 600634 www.satiateconsulting.com [email protected] # 1 5 5 , G r o u n d F l o o r 3 r d C r o s s , 3 r d M a i n , M i n h a j N a g a r , J P N a g a r P o s t B a n g a l o r e - 5 6 0 0 7 8 K a r n a t a k a , I N D I A