Manufacturing stock savings - £10,000 saved annually
One of my clients is a small Manufacturing company in Bedfordshire. When I first started working with the client there was minimal ways of recording direct tooling costs. It was expected that the high cost of tooling was borne because of the material being machined. We created for the client a Spreadsheet which recorded the number of tools used each period and multiplied this by the cost of each tool. This is then used against the number of parts produced for comparison. This solved two issues: 1) Accounting requirements at Year end were kept up to date with accurate stock takes with costing which streamlined the process 2) Usage during the week can be tracked and put against how many parts were created. By working with Elite we found some of the material should have been rejected due to hardness. We also found tooling was being scrapped too soon by employees. This change resulted in over 50% of the direct tooling cost being saved.
About Me
A UK-based online Certified, Chartered Accountant very focused on helping business owners achieve their business goals. I aim to take the headache away while providing an excellent, personal service which is an extension of your finance team. I am a cloud Accounting specialist skilled in the creation of remote finance functions using Sage and Quickbooks as my main Accounting solutions. I have gained years of experience as a finance manager in industry working closely with operations in various business sectors. I provide the following services to help your business: - Monthly or Weekly Performance Reporting - Creating budgets and cash flow forecasts - Bookkeeping - Accounting - Investment Appraisal - Financial Reporting and Risk Analysis - Analysing business decisions - Cash Management & Systems - Risk Analyse & Management - Improving your lifestyle. Let your business work for you, not you for the business
$40 USD/hr
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