Solution:

• Partner with experts who really understand manufacturing financial issues
• Complete design and implementation of a new cost-accounting structure
• Set up operational controls around purchasing and maintaining inventory
• Tap interim resources to perform cost-accounting efforts until an employee is hired

Benefits:

• Robust manufacturing business metrics for better decision making
• Increased productivity and gross margins, and improved efficiencies
• True understanding of profitability and financial impact by product line
• Solid information for price negotiations
• Full-service cost-accounting expertise

Pain Points:

• Manufacturing operations are a large piece of important business and financial metrics—but few understand it
• Understanding a manufacturer’s key drivers became a lost art in Silicon Valley as manufacturing dwindled in the U.S., and relevant finance talent became scarce
• To grasp how products are performing, management needs to know the margins for each product line in order to make better decisions
• Manufacturers are losing out on better prices for supply and visibility into profitability