HOW TO REDUCE COST
Check budgets and contract costs
The world of manufacturing is changing rapidly. After an industrial phase marked by a high-volume production method with a low product mix, industries now have to face the need to differentiate products by expanding the range, and the growing expectations of customers, increasingly oriented to order custom or customized products.
Often the simultaneous management of multiple orders involves the need for a balance between daily production, labor planning, and medium and long-term strategic planning. The main goal is to achieve business objectives and improve financial performance.
The budget is the tool that allows companies to plan and monitor their activities, providing information on production costs, suppliers, operating margins, resources used, and delivery times, and which relates the initial and final phase of planning of an order, or the budgeting and final accounting.
Understanding which production costs should not be cut, which are unproductive and how to reduce them, more generally how to check the profitability of each individual order are increasingly essential needs that every entrepreneur and manager should face.
Thanks to Genialcloud, managers can obtain precise information regarding company budgets and the costs of each order, even in different stages.
The planning, monitoring, and forecasting of contract costs allow you to avoid budget variances and improve profitability.
Complete visibility of the operational and economic performance of orders
Cost analysis and accurate results prediction
Financial planning linked to the sustainability of the orders
Elaboration of KPIs for job evaluation
Make decisions based on quantitative data
Integration with any data source
Budget e Forecast
Key Performance Indicators