Sustainability of Commodity Business
- How good are you at what you do in your business?
- How good are you at what matters to your business?
- How do you know?
iReg for Commodity Businesses
- iReg manages the Purchase-to-payment and Order-to-Bill business process end-to-end.
- iReg standardizes the information that is being captured for your business.
- iReg mitigate risks by eradicating ambiguity and helps to take a "right first time" approach.
- iReg provides all aspects of your production, quality and compliance information in one single location.
- iReg Reporting capability enables the business to make informed sourcing decisions and helps you to identify avoid waste and be on top of your operating cash cycle.
To achieve revenue growth and profitability, organizations must balance cost control and innovation with the need to win competitive advantage. Underutilization of resources, missed deadlines or product quality issues can result in missed opportunities and damage to brand reputation. Lack of focus on critical products can endanger customer satisfaction and weaken business in strategic accounts. No clear visibility into organization goals and the deviation undermine business decision making and planning.
Leading organizations recognize that mature business processes, superior service delivery and big picture visibility drive customer satisfaction top line growth and bottom line profit.
The iReg Advantage: iReg provides an automated, unified management control and visibility across critical functions in an organization including: Sales, Order Execution, Purchase and Quality.
iReg enables Organizations to
iReg provide an ability so that the stake holders can identify the goals and objectives and set targets for the same. The system will keep comparing the targets and the actual data from various execution processes in the system. This provides real time and correct information to the business owners so that they can take timely and effective decisions.
Profitability is a result of correct estimation and execution as per plan. The system provides standardized process to estimate cost of a product and track the actual cost. Any cost variance may lead to margins getting low or lost opportunities.
Other factors that impact profitability are indirect expenses and deductions that are incurred in fulfilling an order. These expenses often go unnoticed and important data like Sales Cost, travel and petty expenses, penalties are not analyzed and it impacts the end result.
iReg gives you a platform to record estimated and actual cost and expense related data as and when incurred. This information is then analyzed so that you can work on improvements, if needed.
iReg will act as a planning and workflow tool for your organization. Managers will be able to plan the work, allocate people to tasks planned and approve or reject after the tasks are marked as complete. The system will send email reminders that will alert about pending tasks that have been planned for any individual. This ensures that the tasks are complete on time and with correctness, as desired.
Workflows are defined for order execution, quotations, Purchase, expense approval and other Business processes. This helps employees adopt a standard practice throughout the organization.
The system gives review section for executives so that they can view all tasks linked to quotation, order or otherwise and discuss the needful with the corresponding managers during review meetings.
Knowledge management within iReg allows collection of all meaningful discussion and important documents that are required for operations. This collection of database acts as a central repository, which otherwise are stored in emails and local machines, so that the employees can access the information as and when required.
With all data accumulating from various departments within the organization, there is a necessary that the information is summarized and rolled up into meaningful reports and charts. iReg presents this in a form of a dashboard. These can then be viewed by management and necessary actions may be taken.
iReg gives organizations control over the entire business. Every employee becomes part of the system. They understand what is expected out of them and how are they suppose to complete the work within Cost, time and with right quality.
iReg ‘s configurability and implementation methodology have been designed to ensure you achieve your goals and increase your organization’s performance quickly and cost-effectively to maximize ROI and minimize total cost of ownership. What more? iReg gives you an option to use the system on our SaaS platform so that you can start using the system from day 1.