Client Challenges
- Excessive management dependency
- No clue about the business financial position
- Poor inventory management led to stock-outs/excess stock
- Improper purchase planning increased purchase cost
- No continuous flow of information
PKC Solutions
- Established SOPs to lessen management involvement
- Devised proper accounting structure and automated GST in accounting software
- Designed and established internal controls on all stock
- Implemented MIS system to enable effective & timely decision making
- Trained employees to perform the business transactions independently
- Restructured the database for category, design code and measurements
Results
- 95% Accurate stock report and real time information
- 6HRS Reduction in management involvement time per day
- Unique design code for each product
- Real-time reports like DER’s were sent to the management for decision making
- No penalties or late fees for TDS and GST compliances
