How An Automotive Retail Startup Attained Sales Growth with Efficient Inventory Management
About the Client
CAG Minvag is an automotive retail startup from Coimbatore, Tamil Nadu. They have multiple branches and a dedicated accountant for every branch.
This team required efficient inventory management for one of their stores initially, but impressed with our services, had us do the inventory and accounting streamlining for other branches too.
They searched for an innovative approach to simplify operations and approached Elixr Books to elevate accounting processes.
Challenges
Inventory operations were unsynchronized
Lack of visibility over inventory operations across multiple branches
Income & expenses not monitored
GST filings were required
How did Elixr Books asses the problems?
- Elixr Books identified loopholes & strategized a roadmap to simplify accounting & inventory management
- Client needed remote access to the software & a mobile app would bridge the gap to help them use the software while on the move. This would enable access to transaction records & stock updates of all branches
- Being a startup, the company did not have the necessary insights on the accounting process, and their in-house accountant was a beginner too, due to which it became significant to support the team with proficient accounting training
- Since they had many branchers & intended to further expand, tracking inventory in all their locations became the next actionable step to facilitate improved streamlining for better future outcomes
Solutions
- A centralized platform for managing inventory across 5 store locations & warehouses
- Mobile app for on-the-go software access
- CRM to track sales performance metrics
- A dedicated accountant for expert help
- Personalized training to various accountants
Takeaways from the project
- Multi-branch inventory management - From a single store inventory management, client had Elixr Books manage their other 4 stores’ inventory levels. This was a breakthrough in the project phase as we handled all 5 stores.
- Personalized software training - Identified gaps in software skills and provided personalized training to different accountants from multiple branches. Our team also tailored the training to suit their business goals.
Results
- Digital management of stocks & inventory gave precise insights to plan sales & stocks purchase
- Inventory operations were streamlined which further paved way for realigning their manpower
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