Plastic industry is making significant contribution to the economic development and growth of various key sectors in the globe namely: Automotive, Agriculture, Construction, Electronics, Healthcare, Textiles, and FMCG etc.
Plastics, the material of the new generation, have been catching up faster than was expected since the 1980s. With restrictions on the use of wood to conserve forests, its importance has grown phenomenally. Because of its light weight, ease in maintenance and natural sparkle, it is substituting not only wood but also metal and glass. The automobile industry, the white and brown goods and the packaging industries, all offer expanding prospects.
The industry has expanded along with expansion of diverse applications, such as packaging, extrusions, blow mouldings and industrial mouldings for automobiles, telecommunications, and white goods. User segments are electrical appliances, domestic ware, leatheriest, decorative laminates, fittings and fixtures, extrusions for construction industry, automobile components, machinery and equipment, water tanks, pipes and fittings, drink bottles, medical appliances, weather protection. The opportunities are also opening up with the expansion and sophistication of food processing, automobiles, entertainment electronics and appliances. Besides these, industry’s contributions have been vital in areas of rural electrification, telecommunication, horticulture, Medicare, apart from a perceptible change in living styles and standards.
Each detailed project reports cover all the aspects of business, from analysing the market, confirming availability of various necessities such as plant & machinery, raw materials to forecasting the financial requirements. The scope of the report includes assessing market potential, negotiating with collaborators, investment decision making, corporate diversification planning etc. in a very planned manner by formulating detailed manufacturing techniques and forecasting financial aspects by estimating the cost of raw material, formulating the cash flow statement, projecting the balance sheet etc.
- Challenges faced by the industry for reporting systems and analysis
- Lack of reporting and monitoring on Processing and Running Cost
- Information availability on Complex Manufacturing Operations
- Timely data availability for Managing Inventory
- Lack of system and mechanism for Accurate Planning and Performance Monitoring
- Less information on Integrated Material Price Dynamics and Market Movements
- Related services where ADITYAM is sharing core consulting knowledge to help a client.
In order to tackle these industry challenges and mitigate gaps in reporting, we offer a holistic approach to the key aspects of operations and monitoring like:
- Top-Down planning –
Under top down planning, whole strategic pathway for sales and growth linked with market share is defined and communicated to management team and ultimately to line of operations with timely release of Plan and Budget. This activity leads to proper communication and channelization of all organizational resources for optimum utilization.
- Material Management and Control Reporting –
Material Level or SKU level monitoring coms with integration of SAP MM and SAP PP data for hybrid linking of SAP FI data for matching and calculation of contribution and exact material cost including all the relevant components of cost to material. Extremely helpful for management to make pricing decision.
- Capacity and Production Planning –
With linking of Machine Master Data and Actual Operations data, capacity plan and utilization is monitored to keep constant control over running overheads and indirect production costs, resulting in considerable saving due to availability of timely information.
- Marginal Costing and Pricing Simulations –
On Combination of multi-level source information from various modules, design of marginal costing reports call for cell level definition of report generation. With our extreme level of data extraction process design, with less load on existing reporting system in terms of time consumption on display of report, we deliver the report with holistic overview of per units spend.