How A Garment Manufacturing Industry Increased Inventory Efficiency By 75%
About the Client
A garment manufacturing industry, Albaari Inventives, hailing from the ‘Knitwear Capital of India’, Tirupur, approached Elixr Books to streamline their inventory management and enhance accounting process.
Elixr Books team was adept in creating a custom workflow to help them solve these challenges. Our client had no technical knowledge and placed their trust in us to facilitate software implementation and increase business operational efficiency.
Challenges
No accurate data on goods, warehouse was not monitored, and stock levels were not optimized – Overall inventory was not organized
Coordination with the admin manager who represented the client posed challenges as the resource had no accounting expertise
How did Elixr Books asses the problems?
- Elixr Books takes a deep dive into industry-specific challenges. Our acumen to deliver precision-based solutions to a specific industry comes from the vast clientele from that sector we collaborate with. This gives us an edge over the others in the market to understand industry-wise problems and solve queries diligently
- With Albaari Inventives, we analyzed their business measures, gathered insights to strategize a plan with detailed specifications to break down accounting silos
SOLUTIONS
Key Implementations
- Stock Reconciliation
- Production Entry Management
- Warehouse Management
- Stock Ledgers Management (Quantity & Value)
- BOMs – Bill Of Materials
Current support services
- Evaluation of features/ modules usage is done regularly. This determines optimal outcome of software functionality
- Reports and analytics of software utilization by the 2nd level team were shared with the top managing team. This kept them informed about how effectively their internal team used our tool
- Post understanding business operations, a recorded video is sent to the client. The video shows how to use the software in correlation to their business functioning. This is to teach easy navigation through real-time business issues without being dependent on the Elixr Books support team
Culture of the company
Elixr Books is the most preferred accounting software; an integrated platform for startups, growth stage companies and SMEs. Our clientele ranges from 750+ industries across Manufacturing, eCommerce, Retail, Education and more.
We go beyond the software implementation and provide rapid post-sale support.
Key deliverables
- Simplified accounting
- Streamlined inventory
- No dependency on external manpower - An integrated solution for comprehensive financial management
- Consistent training, one-on-one problem-solving approach and in-depth teaching provided at every stage of the software functioning
Results
- Increase in inventory efficiency by – 75%
- Visibility of stocks elevated by - 80%
- Cost & time saved by - 90%
- Customers' outstanding payments monitoring boosted by - 85%
Success Story
- A team from a manufacturing company with no software expertise went on to be trained to use it effectively. Our personalized services will enable any individual or client even with no prior IT experience to use our platform hassle-free
- Delivering streamlined accounting workflows, and improved inventory for a business that had no accounting software implementation done before, was the milestone we achieved
- Mastering data efficiency that helped the client monitor every garment and enhance productivity across touchpoints
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