Cloud is helping ease decision making for this manufacturer

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Cloud is helping ease decision making for this manufacturer



The one thing that came as a game changer for companies with digital adoption is the massive amounts of data. To analyse this enormous chunk of data and make it readily available to use, businesses today are turning to cloud. Cloud can help companies process and analyse data faster, giving insights which can improve the product line and also impact the bottom line.

With the objective to have data available on the click, Goldmedal Electricals, a consumer electronics company, also started its cloud and data journey a few years ago. In conversation with ETCIO, Kishan Jain, Director, Goldmedal Electricals, shares the thought and process behind this journey.

"We have been able to manage our manufacturing processes more efficiently due to the quality of the data we have generated. Our decisions are more proactive and based on data. We have a huge number of SKUs which would otherwise take enormous amounts of time to reach decisions. However, with real-time data now available at a click of a button, we are able to make better forecasts and thus take better decisions regarding each product. This has led to optimising our manpower, raw material, and infrastructure, leading to significant cost savings which have a direct impact on the bottom-line," he said.

Goldmedal Electricals has used cloud technology right from the beginning of its digitalisation drive. The company, therefore, has almost no physical data servers or physical infrastructure to maintain. Beginning with accounting and sales and slowly it has been able to digitise a major part of its operations using cloud technologies.

"Since we have a pan-India operation with thousands of touchpoints and partners spread across the country, we decided to automate those parts which took the maximum amount of company resources and time. This included various aspects of accounting, sales, and inventory management. Moving these processes and information on the cloud has reaped huge dividends for us in terms of smoothening of processes and reduced involvement of management in many routine decisions. Following that, we have moved many of our other areas of operations onto the cloud," he explained.

Better decision making

The company realised how much better decision-making has become for its employees. By freeing management time from routine tasks, the teams are now able to focus more on improvising processes, introducing innovation in key areas, and enhancing the product portfolio. With so much information available at the click of a button, Goldmedal Electricals is now able to observe details which the company otherwise would have missed.

"The decision to move on to the web has helped us become a more proactive company in terms of decisions in almost every aspect - from inventory management to stocking raw materials to budgeting, promotions, and even hiring. The initial investments in terms of time and money have all been worthwhile when we see how effective it has turned out to be. It is one of the key reasons why we were able to restart operations so quickly post the COVID-19 lockdowns," Jain said.

Jain believes that moving to the cloud has helped them become a more nimble organisation. Although the company has been growing at a very fast rate in almost every area, it has not been burdened by the increase in scale. It has also helped the company identify its pain points quickly and clearly so that the teams could take proactive decisions before it became too major to handle.

"All the information that we can now summon helps us make better decisions which have helped the company manage its operations and thus increase revenue," he concluded.

Source: https://cio.economictimes.indiatimes.com/news/cloud-computing/cloud-is-helping-ease-decision-making-for-this-manufacturer/79985244