Consulting Services
- Independent Business Unit
- Selection of the Type of Business
- Vendors Development and Assessment
- Marketing Consulting
- Operational Consulting
- HR Consulting
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Overview
Once the outsourcing and marketing strategy is finalised, FAROL helps to make the company system oriented to avoid conventional man oriented organisation. How to manage minimum inventory level, System of ZERO Inventory, Storage of raw material for easy identification and easy accessibility, Development of Strategic Sourcing, Making sourcing with reverse engineering, Inhouse Lab for checking quality of incoming material, Vendors’ Development and registration Process, Terms and conditions and agreement with vendors
Manage the Production Process like – How to minimise channel of process of production for speedy outcome and with minimum labour, System of production planning for timely delivery of material in the market, Research and Development for continuous improvement in quality, Maximum production with minimum wastage, Planning of best usage of wastage, Developing Packaging Material and packaging Standards, How to minimise cost of packaging material and packaging process at economical way with speedy production and ready for despatch, Management of maintaining finished material, Maintenance of plant and machinery, Safety measures of labour and other staff in the factory along with keeping good ambience for a better work environment. Stores and Logistic Management: Efficient arrangement of maintaining finished outgoing material, Contracts and agreement with logistic companies/transporter considering safety of material for timely delivery of the material, Coordination with Procurement – production and marketing department, Minimum inventory of finished material based on various aspects, FIFO based order processing system, Hands on Stock statement for booking the orders and committed deliveries to the customers.
Our Focus
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Supply Chain Strategy
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Planning
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Sourcing & Procurement Management
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Analytics
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ABC Analysis
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Account & Finance Management
Creating the added value for customers that delivers the highest sustainable return on operations
Supply chain strategy should be aligned with the corporate strategy and synchronize all the components of the supply chain, including plan, make, source, delivery and after sales. It is vital to have a top-down strategy supported by all roles touching the value chain, with the commitment to develop the tools, technologies, organizations and processes. And the allocation of resources is the one factor that will affect a transition from the declared supply chain strategy to the effective strategy. Supply chain strategy should thus include the process of resource allocation among the various projects or business units, in order to be able to achieve the business goals for the future. Farol team is a global multidisciplinary organization allowing the mates to combine all industry expertise into one team ensuring a full service supply chain strategy offering, enabling a wide perspective on industry benchmarks and innovation, helping clients to define a global supply chain strategy that aligns with overall business strategy, and providing a roadmap for execution. Our Supply Chain Strategy Services: Global footprint strategy and network design, Operating model redesign, Mergers and acquisitions, Analytics and performance management.
Leveraging integrated planning concepts that effectively drive inventory and delivery. Supply chain planning aims at becoming more efficient and responsive to customer needs, predicting future requirements to balance supply and demand; which serves as the central point of coordination within an organization. Bringing together assets such as inventory, stocks, machines and equipment, and people is critical in developing a plan that provides high service levels to the end customer. Farol supply chain planning service helps clients to align customer demand with capabilities, performance, and constraints of the organization. And it will incorporate the required activities from initial strategy to final execution; provide supply chain optimization, leverage integrated planning concepts that effectively drive delivery. Our Supply Chain Planning Services: Demand planning, Supply planning, Sales & Operations planning, Integrated business planning.
Improve procurement efficiency with S.C. collaboration. Procurement is the acquisition of goods, services or works from an external source and is mainly composed of Sourcing, Replenishment, Supplier Relationship Management, and Contract Management. It is favorable that the goods, services or works are appropriate and that they are procured at the best possible cost to meet the needs of the acquirer in terms of quality and quantity, time, and location. Farol Consulting assists Enterprises to improve their efficiency by procurement transformation, to improve their supplier management, and to develop their supply chain collaboration. Our Sourcing and Procurement team offers clients the experience and skills needed to drive down the bottom line. Our professionals have a demonstrated track record of measurable, sustainable results because they deliver the category knowledge it takes to identify savings opportunities across the entire source to pay process – and the holistic thinking to help our clients achieve those savings not only while we are there but long afterward. With our deep understanding of procurement, we can help clients transform from being transactional to strategic procurement organizations. Our Supply Chain Sourcing and Procurement Services: PMO optimization, Category management and evaluation, Procurement process optimization and measurement, Procurement centralization, Supplier relationship management.
Increase asset efficiency by analyzing the value chain. Organizations with ERP platforms have found it easy to amass large stores of data about their operations. Companies with leading supply chain capabilities have typically made significant shifts in their use of advanced analytics to transform historical data captured in ERP systems into predictive insights. These companies are using advanced analytics on every aspect of their supply chain to improve forecasts, demand planning, sourcing, production and distribution. Supply chain analysis is an untapped opportunity for many organizations that have data at their disposal but lack either the tools or the knowledge to exploit it. Our Supply Chain Analytics service provides tools and models, which is not only considered historical experience but also market trend, and helps our clients for better decision making and scenario analysis. Our experience shows that manufacturing companies can realize a margin improvement of 2 to 4 percent by applying more analysis to the data they already have. Our Supply Chain Analytics Services: Forecast improvement, Data analytics for pricing, Supply chain responsiveness.
Assigning inventory items based on their sales potential is the basis of ABC analysis. The highest valued items have an assignment of A, which should equal about 20% of the total. B items are those with middle values or lower selling demand and account for 30% of the inventory. The remaining half of the stock falls into category C, which has the lowest demand or value.
A system for monitoring cash flow system, Accounting system for books of accounts and to see into it their all finance related transactions are properly done and to be audited through internal auditors, To see any other subsidy or availability of finance aid by government for the respective industry, Timely submission of all legal returns to all government department in coordination with legal department. With fierce competitive pressure and an ever-increasing need to do more with less, organizations must accelerate the pace of transformation. Based on our years of operational experience we find there are six key transformational levers all organizations need to balance to help achieve the greatest results.
Expected Key Benefits
Better Collaboration
Information flow is a prominent challenge for companies. According to study, 76% of companies lack an automated flow of information across the supply chain, and half of companies say fragmented information results in lost sales opportunities.
Improved Quality Control
Companies that have greater control over not only their direct suppliers but also their suppliers’ suppliers benefit from improved quality control.
Higher Efficiency Rate
Having real-time data on the availability of raw materials and manufacturing delays allows companies to implement backup plans, such as sourcing materials from a backup supplier, preventing further delays.
Reduced Overhead Costs
With more accurate demand predictions, companies can reduce the overhead costs associated with storing slow-moving inventory by stocking less low-velocity inventory to make room for higher-velocity, revenue-producing inventory.
Improved Cash Flow
The benefits of supply chain management discussed above allow companies to make smarter decisions, choose the right partners, accurately predict and respond to market and demand changes and reduce supply chain disruptions, but that’s not all
Improved Data Visibility
Analytics has recently become the talk of the town in the world of supply chain management. In fact, most SCM software systems contain features that drill down into the daily processes of a supply chain to give decision-makers information on underperforming areas and what to expect in the near future in regards to demand.
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