Budgeting, Forecasting, Planning and Reporting for manufacturing operations requires swift action upon the bottom line to ensure long term profitability of a business. Due to more complicated key activities involved in manufacturing, swift action is rarely coordinated or consistently applied and often is supported by disparate systems.
Isidore is able to address these complexities, through industry knowledge and expertise in implementing manufacturing “best practice” solutions, to ensure an organization can act upon more timely and accurate information.
Our solution has been designed to link the people, information, and decision-making processes throughout the organization in the areas of:
- Top Management Planning – articulate an organization’s strategy into a plan;
- Operations Management – identifying operational inefficiencies in a timely fashion can be the difference between cost savings of thousands of dollars and hundreds of thousands of dollars;
- Data Analysis –takes the volume of data your organization collects and stores, and turns it into meaningful information that people can easily use.
For your organization this means that you work with people who understand the complexities of the manufacturing industry and guarantees Isidore’s promise to deliver a complete solution.
Our solution has been developed to address the following activities:
- Business Planning and Forecasting – set the strategic direction for the master budget and identify key drivers for the business;
- Sales Planning
- Create detailed revenue plans including different revenue streams, such as product, service, and/or maintenance;
- Utilize key drivers and business measures in formulating and calculating revenue streams (i.e. average selling price * volume);
- Make changes, adjust, and forecast out revenue by simply changing centralized drivers and business model assumptions;
- Generate scenarios for potential new product revenue and emerging markets.
- Bill of materials and resources – Calculate products costs for Direct Materials, Direct Labor and Manufacturing Overhead;
- Inventory management - Apply absorption costing, variable costing or the direct costing method to manufacturing associated costs.
- Allocations - Automate manufacturing overhead allocations using relevant allocation basis such as labor hours, machine hours and/or production units to ensure accurate cost of goods sold results;
- Production Yield Analysis – Utilizations, Scraps and Wastage, Efficiencies;
- Variance Analysis – Spend Variance, Efficiency Variance and Volume Variance analysis.
Isidore’s Manufacturing CPM solution delivers what others cannot – systems and a platform that is tailored specifically to your needs based on industry best practice.
Our solutions benefit the manufacturing sector by offering access to:
- People who are knowledgeable and highly experienced in corporate performance management, to guide you in strengthening systems and optimizing operations;
- Budgeting, variance, cash-flow and forecasting solutions that centralize and streamline the planning process, and allow you to make credible decisions instantly;
- Reports and dashboards that are easy to use and give you immediate access to unlimited intelligence about your business and consumers;
- Cutting-edge technology that connects you instantly to information stored across applications, systems, organizations and locations;
- Intuitive technology that allows you to see connections, patterns and relationships across a broad range of data;
- Enterprise-wide collaborative planning tools;
- Financial planning and business modeling, which allow you to focus on planning your growth.
For more information on how Isidore can help your enterprise contact us via email info@isidore.com or give us a call on 1800 737 474 (Australia only) or +61 2 6243 3618 (for overseas callers). |
