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Mumbai Based 40 year old company chooses Finsys ERP
Yet another Mumbai Nariman Point based company with plants in Navi Mumbai and Pune, chose to implement Finsys ERP.
Like most Indian Mid corporates, once this company was established as a small family business and started business by manufacturing consumer goods. Soon after it diversified into the industrial businesses and started manufacturing of motor fans and battery caps for many large cap Indian domestic companies.
This Engineering company specialises in injection molding, sheet metal, rubber, fabrication and sub assemblies. The company has really put its stamp in the Indian automotive, electrical, telecom and consumer stationary market. The company manufactures parts that include all types of metal, plastic and rubber and operates a very client specific supply chain.
Congratulations to both parties
Keep up the Flag
Another phase of Journey has now begun
How to Implement Traceability in Automotive Industry, Barcode, QR Code, using simple Scanning Process
Successful Bar Code Implementation using Finsys ERP
Preparation of Barcode Sticker of Incoming Raw Material
Printing of Bar Code Sticker from RM to Production WIP to Finished Goods QC and to Despatch
In a User Friendly way, learn yourself on
Watch how you can move the material from Raw material stage to Finished Goods Stage, with full Traceability
The Success included the following ideas
Finsys ERP’s extension, with the Barcode Mobile App which is used for following Movement -Incoming QC
-Binning of Material Placed in Location
-Issuance to Production
-OK / Line Rejection Return to Store
-Material Received in Store
-Q/C of FG Material
-FG Received in Bond Store
QC of Incoming Raw Material through Mobile App by Quality Person
After QC Checked Sticker Paste on Raw Material Bins
After QC of Raw Material Binning Done by Store Person and Placed on Location
And Raw Material Stock updated automatically
Raw Material Picked Through Mobile App by Logistic and issued to Production
And Raw Material stock will reduce automatically
Raw Material Picked Through Mobile App by Logistic and issued to Production
Entry saved without FiFo System
Before FiFo System Entry Saved.
After that Implement FiFo System for Raw material Picking and issuance.
Production Voucher Prepared through Bar Code by Production after Producing the Finished Goods
After Preparation of Production Voucher Automatically mails goes to concerned department
First Mail goes to QC Person where he can know that Finished Goods Ready for QC
Barcode Sticker paste on Finish Goods Bins
QC Checked of Finish Goods Through Mobile App by Quality Person
After QC Checked of Finish Goods Mark OK Stamp on Bar Code Sticker
After QC of Finish Goods Received by Store Person through Mobile App
After QC of Finish Goods Material Received Through Mobile App by Store Person
And Finished Goods updated automatically
Congratulations to SATA Vikas, Palwal, Haryana, India for accomplishing Traceability successfully.
Success of Man+Machine+Material+Method, in order to be successful in generating More Money+ More Motivation through Success
Mr Rahul, ERP Committee Member of P K Packaging Assam, shares how Finsys makes his life easy, How They decided in favour of Finsys ERP and how they decided to start ERP even before they started their Corrugator machines.
PRPPL shares thoughts on challenges and solutions and benefits in using Finsys ERP softwares, making corrugation more traceable & profitable
Sangeet Gupta, Puneet Gupta, Ashok in discussion with Mr Rahul Sharma.
How Barcode,QR Code, help in Physical Verification of Stock,Usage of Barcode in Finsys ERP,benefits of barcode in manufacturing,erp for corrugation,erp for packaging industries Sangeet Gupta,Barcode,QR Code,Testimonial,benefits of barcode in manufacturing,erp for corrugation,erp for packaging industries,PK Packaging Pvt LTd,PK packaging Gawhati,Finsys ERP in East india,Successful ERP in Assam,ERP Software in Gawhati
Another Packaging Manufacturing Company in Nepal Chooses Finsys ERP
News Part 2 :
The company is already successful in completing all activities of Masters, installation, Trainings, absorbtion, parallel work, and actual work in last 20 days
This is regarding the recently rising Problem of “Vanishing” Vendors, leading to big losses in GST. And this problem is rising .
The information below is True and is with personal experience by us.
And this message is to help other member units avoid this problem.
Vanishing Companies Includes (a) Those whose GST Registration is Struck off by the GST Dept (b) Those who are registered but are not filing GST Returns / filing them improperly
Every month, we are coming across cases of GST Audit by Department, and their insistence of GST-2A matching with your GST-3B.
If the difference is substantial, they ask for Detailed GSTR2A matching…. Even if this is not legally compulsory, Even if some High Courts have come in support of the Manufacturer/Trader, that he is not responsible for the mistake of non filing by the Vendor… but yet matter is being hotly debated.
The Above “addition” leads to Reversal of GST ITC with Intt @24% and about 15% Penalty
This means, that….. if the vendor charged you GST of 5 lakhs in January 2018, this “unpaid amount” will become about Rs 11.50 lakh including Interest @ 24% p.a. x 4 years, and Penalty of 15% by January 2022.
Points to Remember
Do a Regular Check of which Vendor is “OK” VALID and who is “Struck off” / “Cancelled”.. Every month / Every 3 months
Purchase Dept to listen to Taxation Department / Accounting Department / BPO .. and followup with Vendors for GSTR2A in-congruencies ….Every month / Every week
Tip of the day
In case, you are facing problems in doing this, Finsys can help you do this,
Advise is Complimentary for IamSMEofIndia members.
And, in case you want us to do this on regular basis, then, Professional Support is also available with our 70+ staff including 12 Qualified CA’s and 2 Qualified CS and 20+ Software Engineers , who can help make your life safer from this GST Risk.
Successful Bar Code Implementation using Finsys ERP
Tip of the day
