FiNAC Food processing
Food Processing
- Raw material, packing material, and semi-finished goods purchasing facility (local purchasing and imports)
- Maintain the finished/semi-finished goods inventory product type-wise (Fruits, Vegetables, coconut, spices, nuts, and others)
- Maintain BOQs for Finished goods and semi-finished goods
- Facility to customize the BOQ as per buyer’s requirement
- Facility to do pre-costing of a finished product based on the BOQ
- Raw material, semi-finished goods, and finished goods are maintained batch-wise, so products can be traced up to raw material purchased point
- Material issues against customer orders
- Customer order-wise production close facility
- Actual production cost calculation
- Capture the wastages of raw materials
- Batch-wise finished/semi-finished goods entry against buyer’s orders
- Quality check facility
- Handle subcontractor operations:
- Transfer raw material, packing material, and semi-finished goods to subcontractor locations
- Received finished/semi-finished goods from subcontractors
- Subcontractor payments
- Final products unpacking and repacking facility
- Quantity and cost variation report (BOQ Vs actual issues)
Export Sales
- Create buyer order-wise packing list
- Create commercial invoice against the packing list
- Customer/buyer-wise sales reports
- Invoice-wise profitability
Debtor Management
- Customer outstanding follow up
- Customer age analysis. This expedites collections
- Monthly statement
- Maintain customer-wise credit limits and credit periods
Inventory Management
- Maintain reorder levels of raw and packing materials, to avoid production delays
- Stock age analysis, to avoid wastages due to expiring raw materials
- Check location-wise stock availability at any given time
- Stock reservation facility against buyer’s orders
- Inter-location stock transfers
Supplier Management
- Maintain comprehensive information of farmers such as location, cultivation area, extent of the land, cultivated varieties, etc.
- Supplier payments
- Grant supplier loan and fertilizer
Module Integration
- All modules integration facility to present final accounts
- Bank reconciliation