Job work to Pay

Job work or subcontracting involves outsourcing certain processes for manufacturing a finished product. For manufacturers, who need to mass produce, or overcome capacity and skill constraints, subcontracting is a great business strategy. However, true benefits can only be realized if you have total control over the entire process.

Ramco OnDemand ERP provides you with adequate mechanisms and tools, to implement your subcontracting process with integration across parallel functions, including purchasing, production, costing, and finance. The OnDemand ERP solution allows you to specify various parameters in the master data, so that you can efficiently automate your process, which involves selecting a competitive vendor, allocating jobs, tracking and receiving finished products, and inspecting for final payment.

A complete, end-to-end solution, offered on a Software–as-a-Service Model (SaaS Model), Ramco OnDemand ERP helps you:

• Manage your subcontracting process end–to-end
• Track subcontract issues and receipt of materials
• Define subcontract bill of materials for every receipt of materials, to enable effective tracking of raw materials
• Return of damaged goods back to the subcontractor for re-work
• Ensure prompt receipt and payment to the subcontractor, against every purchase made
• Select an appropriate payment method (Cheque/ DD/ Credit Card/ Direct Debit/LC/RTGS etc.)
• Help the finance team in creating proper adjustment entries against the documents received
• Perform reconciliation of materials, which have been sent to the subcontractor, in a timely manner