TEMGIRE Consultancy Service P. Ltd. offers upstream supply chain services like procurement management and order management to seamlessly engage with Cost Reduction. In most companies the HR Department measures and controls employee cost, the administration or the purchasing department attempts to control direct and indirect materials cost, and nobody controls the overhead costs. We review “direct and indirect” expenses and consumables, zero in on the profit leaks and show you how to eliminate them. Reducing the overheads translates into a product cost reduction and the same as a labour cost reduction.
Selection of a right business application is extremely important due to the impact it has on the business itself. Short term thinking or ill informed decisions can prove costly in the long run. Our highly experienced consultants can work with you to help evaluate various business applications in a structured and methodical manner to ensure a right fit between the business requirements and features of business application.
In many organizations, however, the opportunities to reduce inventory costs are often not addressed at all or are not completely exploited. If your organization needs help taking money out of inventory there are strategies you can employ today that will provide payoff. We would normally review the following areas to identify cost reduction and cost containment opportunities:
Spend Analysis Cash Flow Improvement & Reduction of Net Working Capital Supply Chain Planning & Strategy Asset Management Vendor Managed Inventory & Vendor Consolidation Scrap and wastage reduction Packaging costs and improvements Process improvements & Lean Applications Enhanced procurement strategies Transportation process improvements Optimization of Inventory Level New Vendor Development, Management & Evaluation Accounting areas such as billing errors, missed discounts, over payments etc.