Based on, 12 techniques and processes for effective branch management.
Technique 1
“ Implementing cashier module, executing mobile based sales activities, synchronizing data with head office and routinizing the day end process, are few of the effective ways to achieve the goal of owner less shop.”
Saves data entry time while billing and even avoids data entry mistakes.
Makes stock taking convenient and fast, resulting in accurate inventory management.
Centralized bar-coding for all branches
Barcoding from inward lot
Auto copy of supplier details and attributes
Branch wise making type methodology
Stores images on FTP server
Specialized labeling for ordered items
Direct weight from weighting scale
Weight error limit for lot labeling
Labeling for set items
Technique 4
“Maintaining stock process wise, location wise and item wise, cross-checking of same stock with different methods and prudent refinery process are useful approaches in multi-branch stock management.”
Stock Management
Eases out reconciliation of physical stock with books of account stock instantaneously.
Avoids any confusion even for those who do not know jewellery business.
Stock in gross-net-fine wt, pieces and MRP
In transit stock handling
Old gold sorting
Melting, testing, purification management
Profit and loss in old gold purchase
Packet wise stock management
Purchase cost and 4C’s based packets
Multi-metal stock management
Barcode wise physical stock taking
Packing material inventory
Technique 5
“Optimised purchase orders to suppliers and goldsmiths along with it’s work tracking are key factors in maintaining right inventory at stores.”
Helps in maintaining transparent and long term relationship with suppliers.
Ensures that the desired variety is readily available for customers.
Supplier quotations
Work orders based on reorder level
Job worker issue-receipts matching for ITC-4
Job wise diamond issue, receipts
Making charges in amount or wastage
Repair orders
Customer and shop samples
Order wise receipts
Supplier wise pending orders
Supplier leaders in net-fine wt
Technique 6
“Stock matching up to last milligram and maintenance of stock at all involved locations, are main practices in fulfilling the objectives of multi-branch purchases.”
Purchase Management
Aavoids any, even minute losses in procurement process of high value items.
Safe guards you from the major financial losses during procurement.
Mobile based PO for Bullion
Bulk lot creation for inward
Category- subcategory wise item assorting
Quality control based on decided parameters
Rejection management
Purchase voucher based on actual labeling
Hallmarking issue-receipts
Debit-credit notes for suppliers
On approval purchase
Purchase returns
Technique 7
“Parameterization of business entities (branches, sub-contractors, customers, users etc.) & configuring process controls (pricing-mechanism, sub contractor quotations, making type masters etc.) are vitally important to make ERP software adaptable to your business environment.”
Helps in establishing total control over business activities.
Facilitates you to set up new processes.
Configuration for daily carat wise rates
Branch wise metal rate definition
Settings of SMS template
Set up for old gold, RNG, sales return.
Defining user wise discount limits
Order and order advance parametrization
RFID interface
Set ups for inventory and accounting effects
Technique 8
“Maker-checker and exception handling through software are critically essential for making your business person independent.”
Alerts & Approvals
Helps in adopting best business practices and it pin points your daily as well as periodical activities.
Avoid business risks as well as increases the process efficiency.
Multi-level authorization for discounts
Alerts through SMS and mobile app
Alerts for data entry against policy
Indicates configuration changes
Daily, monthly and periodic task list
Approvals for accounting vouchers
Cashier wise cash approvals at day end
Counter wise stock approvals at day end
Technique 9
“Allocating proper user rights for particular business unit, restricting back dated entries and avoiding alterations in final documents, are key methodologies for keeping your business data safe & secured.”
Software Security
Helps in smooth and precise working of the system.
Ensures the reliability of business processes.
Role wise user creation
Assigning fixed location to users
Role wise access controls
Location wise reports reviewing
Document history and audit trail
Date locking facility
Auto data backup
Selective rights for data export to Excel
Maintains personal privacy in data base
Technique 10
“Authorization of accounting entries, daily reconciliation, branch auditing and budgeting are beneficial for multi-branch accounting.”
Advance Accounting
Ensures that the accounting tasks are completed within stipulated time period and highlights the errors if any.
Helps in prudent financial decision making and also fulfills the growing demands of accounting department within existing manpower.
Auto accounting up to balance sheet
Preparation of GST returns
Accounting data export to Tally software
Job worker and inventory data export to Tally
Re-updates balances from previous year
Franchise module
Separate Audit module for transaction
Auto TDS cutting and TDS reports
Transaction limits and KYC as per law
Stock valuation for trading accounts
Technique 11
“Employee work tracking and performance reviewing are significantly helpful to keep employees motivated.”
Employee Management
Helps staff members to do self assessment and allocates additional tasks to them, if employee wise extra time availability is found.
Ensures the optimum utilization of employees and raises staff member’s individual work efficiency.
Employee information system
Employee attendance monitor
Setting time duration for routine activity
Report of time spent on routine activity
Target based sales incentives
Item wise, category wise incentive reports
Technique 12
“Stock analysis, customer preference analysis, supplier wise sales analysis and order analysis are major pointers in taking right decisions at right time.”
MIS Reports
Help in achieving maximum sales within minimum stock.
Offers better inventory turn around ratio to give comfortable cash flow and higher profitability.