Best Feature of production

Following are the things which are important for the production-

1.

What is produced on which machine

2.

In which shift production has done

3.

under which supervisor production has done

4. 

How much rejection was done during production

5.

During production how much was the Down time

If we record all these simultaneously we can track our production performance, OEE Reports & machine down time.

By tracking machine down time we can increase efficiency of our plant as the cost is same but if we check the data regularly then we can minimize the machine down time, rejections and can check where the operator is not working efficiently.

We can  increase Plant utilization by keeping check on all this.

Listen the video below made by The Co-Founder of Finsys Mr. Puneet Gupta for more clarity and can stay in touch just by following and subscribing.

WIP Stock

WIP Stock is the items which are issued from warehouse to production and the material is in the form of raw material or semi finished good only till now.

Why it is important to check WIP Stock ?

For better understanding let suppose

Sale -10 Crore/p.m

Raw Material Stock -6 Crore

If we keep watch on our WIP Stock we can use this raw material at it’s fullest but if we are not keeping that on track the possibility of Rejection increases in which that material lets suppose we have purchased for Rs.100/kg goes in scrap for Rs.10/20/25 per kg

If we keep check on WIP Stock and instruct the store also to check WIP Stock before issuing raw material then we can create our many stock advantages.

For more clarity you can watch the short video with the link below made by The Co-founder of Finsys Mr. Puneet Kumar Gupta and can get more such informative videos by following and subscribing the channel.

Batch Traceability Report

Now-a-Days every Industry needs Batch Traceability

You should know how a Simple Feature like Batch Traceability can help you to make your working more effective and efficient.

1.

Right Batch no. should be mentioned while creating Material Required Receipt(MRR) so that we can know the raw material is procured from which vendor during the production.

2.

If the items get rejected, or if there’s any customer or vendor complaint we can check on which date the production is done and can track from which vendor the material is procured.

3.

By using Batch Traceability feature in Finsys by entering any Semi- Finished or Finished good’ s Batch no. you can track when goods were produced, on which machine the goods were produced, which operator produced that particular good, raw material used for the production of that good is procured from which vendor and who had done the inspection of that material.

                  Make your working more efficient by using this simple yet important feature !!       

You can see the video below for more understanding made by the Co-Founder of Finsys – Mr. Puneet Kumar Gupta and can follow and subscribe the page for more such informative content.   

How PPC Department can monitor the working of production Department and can check their task given to Production Department??

Finsys already have the solution for this-

Job Order Status Report

This Report tells us about which jobs are given to production lines and how much yield it gains and from which job.

Let’s understand what here Yield means

If you have to make 1000 pcs job then how many reached to Finished goods ??

Job Issued -1000 pcs

Raw Material issued -1000 pcs

then the output we gain against this production run is only counted in actual cost of production.

for Instance – if the output should be 1000 pcs then the cost of production will come out to be Rs.1 but if the output comes out to be 900 then the cost production will get increased.

Job Order Status Report shows – how much job is getting completed ?

Are you finding the way to manage your different plants and centralized accounting system??

Finsys ERP has already paved the way to it through the feature named

Multi Firm Voucher

For Multi Firm Voucher you just have to do some settings in your Voucher Type Master.

If we put voucher from one collection bank the Journal vouchers will automatically get entered in all the plants.

This will make your P&L good at plant Level and also in consolidated way.

Software will do all these things automatically you just have to be cautious about the branch selected when you were entering receipt/voucher.