Accurately tracking and controlling costs throughout the manufacturing process is essential to the success of your business. From purchasing raw materials to manufacturing the final product, managing costs at each stage affects the cost of the finished product and its profitability. Loialte ‘s Cost Management and Reporting Manager services focus on detailed cost analysis and optimization, as well as improving operational processes related to production within the company.

What are we doing?

The main activity of the Cost Management and Reporting Manager is the accurate accounting and control of costs related to the production process, namely:

• Software accounting of raw materials and products – accounting of daily purchases based on the recipient’s confirmation
• Assembly and disassembly mapping – software management of materials and components used in the production process
• Internal movement accounting – software accounting of internal movement of raw materials and uploading data to the Revenue Service website
• Finished goods control and balance management – daily finished goods release, balance control and processing of previous day’s sales; identification of negative balances and inventory request when necessary , accounting for shortages and surpluses
• Reflection of primary calculations – creation of software calculations based on the provided calculation cards
• Management of write-off products – software write-off of write-off products and uploading the relevant statement on the Revenue Service website
• Calculation update and reporting – providing information to management about programmatically determined and updated calculations
• Monitoring purchase price changes – Informing the company manager in case of purchase price changes (e.g., drinks, cigarettes, etc.)
• Updating sales prices – reflecting the agreed sales prices in the program and informing the consultant about the changes
• Consumables control – preparation of a list of consumables movements and implementation of write-offs based on inventory
• Inventory request and participation in the process – periodically, taking into account the specifics of the company, inventory request and involvement in inventory planning, as well as in the process of conducting it. Software reflection of inventory results – analysis of the results obtained as a result of the inventory and software recording of the results.
• Report preparation – preparation of additional reports as agreed, which helps improve the efficiency of processes

What sets us apart?

• Our services aim to accurately manage and optimize costs at each stage of production, which improves processes and increases company profits.
• We create customized solutions that take into account your business processes and unique production needs.
• We use technologies that provide simplification, accuracy, and real-time access to data in expense management processes.

Benefits for your business

With the Expense Management and Reporting Manager service, you will be able to:

• Get reliable and detailed information about the costs of each stage of production
• Avoid shortages or excesses in inventory
• Avoid payment risks arising from poor production process and inventory management practices
• Control optimal inventory levels, which leads to reduced storage costs
• Optimize costs and increase company profits

Our approach

• Initial consultation: We begin by researching your production processes and existing challenges.
• We evaluate the production process and conduct an in-depth analysis of the main sources of costs.
• We create a plan tailored to your business process, aimed at reducing costs and optimizing processes.
• We are directly involved in the implementation of the approved plan.
• Ongoing support: We monitor processes and regularly improve them

With Loialte , you can perform accurate cost accounting and improve production processes, which will increase the profitability of your business and reduce financial and tax risks.

Contact us today and let’s start improving your production cost management process.