Increasing Productivity and Profitability for a Agriproducts Manufacturer
Industry:
Manufacturing
Business Line:
Pulses
Background:
Inefficient production process draining cash
Inventory mismanagement of packing material and its wastage
No clarity in Cash Profit and Book Profit
Areas of Work:
Production Planning
Theory of Constraints
Finance & MIS
Streamlined Production Process
Implemented a step-wise, simple SOP that can be followed even by unskilled labour
Provided mechanism for daily data collection
Specified inventory requirement for raw materials and defined trigger points to place orders
Implemented proper process of PO generation and GRN
Improvised process for Debit/Credit Notes
Established three-level check on packing material as it is the most crucial aspect for companies dealing in branded FMCG products
Theory of Constraints:
Identified constraints/ bottlenecks that created hurdled and complications in the entire process
Acted on mitigating these constraints using current resources
Further actions to break the constraints
Implementation strategies made directing towards achievement of ultimate goals
Financial MIS:
Created a tool for financial summary using Tally; providing cash profit and book profit separately
Reports on month-to-month bifurcation of direct and indirect expenses
Calculation of exact production cost (cost sheet) and to inefficient areas immediately
Impact:
Identification of actual cost of production of products
Inventory management and Real time inventory
Proper production planning and actual production through it
Testimonial:
“It has been an absolute pleasure working with Master Insiders. Their ways are very innovative and have helped me a lot in streamlining my business processes; which has reduced the multiplicity of my tasks and enabled me to focus only on the important ones. They have also helped in finding (and eliminating) the bottleneck in my production cycle which has increased my productivity and profitability.”
Ashutosh Goyal
Entrepreneurial Director, Ananta Hotels & Resort
Radisson Jaipur City Centre
Founder at Lavender: Laundry & Dry Cleaning Services
