Purchasing
Sales Operations
Product Article Master
Logistics
Finance
- Accounts Payable
- Invoice verification & posting invoices
- Making payments to vendors & queries
- Goods receipt and invoice receipt clearance
- Analyze vendor open line items
- Overhead cost invoices
- MIRO Posting
- Accounts Recievables
- Scheduling a dunning run
- Settling customer payments & queries
- Self-billing of customer’s invoice
- Bank reconciliation
- Customer Invoice Clearance
- Sales Order Booking
- Daily Credit Run
- Releasing Green Orders
Market Research
Product Reporting
Würth Business Services handles the article data management operations related to the Product Article Master Department. We handle a wide range of processes for maintaining the accurate and standardized article data through SAP system. Our Team utilizes the advanced tools and software, implements standard procedures, maintains quality standards, and efficiently manages and maintains the article data.
Among many processes, Product Reporting is one of the processes handled by us. In this process, our team scrutinizes the turnover data of various companies based on specific customers, countries and segments. By contacting the representatives of companies within the Würth Group, we collect the required data using a template. Then we prepare a user-friendly dashboard and a master database, which contains the entire information, such as customers served, countries covered, number of articles sold and the revenue generated. We have a plan to save your time by collating the data and presenting it in an insightful, detailed and precise manner.
Work Flow
WORK FLOW OF THE PROCESS
01. Receive
Receive contact list and templates from customers
02. Collect
Collect the data based on the template
03. Collate
Collate the collected data in excel sheet
04. Generate
Generate a master file containing the entire dat
Benefits
Value-added
BENEFITS OF OUR CUSTOMERS
☞ Save a significant number of hours
☞ Avail timely reports for bonus calculation
☞ Gain real-time updates & country-wise sales volume
☞ Free up internal resources for core activities
Transition
TIME TAKEN FOR TRANSITION
Step 1
Analysis of customer requirements – 1 Day
Step 2
Resource planning – 1 Day
Step 3
Training/Documentation – 2 Days
Step 4
Trial submission – 5 Days
Step 5
Transfer – 5 Days
For more assistance in understanding the transition process, kindly get in touch with us at contact-wbs@wuerth-industrie.com
Case study:
Streamlining Product Hierarchy Process for Accurate Article Classification
Introduction:
Introduction:
Accurate and comprehensive product reporting is crucial for data-driven decision-making and business insights. Our customer, Adolf Würth GmbH & Co. KG, recognized the need to manage data effectively. This case study explores the manual Product Reporting process, in which a dedicated team receives contact lists and templates from customers, collects data based on the template, collates the collected data in an Excel sheet and generates a master file containing the entire turnover data. This meticulous process aims to ensure thorough data management without the involvement of automation.
Problem:
Our customer faced challenges in effectively managing product reporting manually. The customer needed to invest a considerable number of man-hours to execute the process. Furthermore, it led to potential errors in data collection, delays in generating reports and difficulties in maintaining consistent data formats. These inefficiencies hindered the company's ability to provide timely and accurate product reports to customers, impacting customer satisfaction and decision-making processes. This also resulted in longer turnaround times for data compilation.
Solution:
Recognizing the need to enhance their Product Reporting process, we adopted a systematic approach to improve accuracy and reporting efficiency. Our key solutions included:
1. Structured Data Collection: We initiated a manual process to receive contact lists and templates from customers, ensuring a structured approach to data collection based on customer requirements.
2. Thorough Data Collation: Despite manual processing, our dedicated team collected and collated data in an Excel sheet with attention to detail and consistency.
3. Master File Generation: We actively generated a master file containing the entire data, ensuring completeness and accuracy in the compiled product reports.
Results:
The changes implemented in the Product Reporting process led to significant improvements in data management efficiency and accuracy for Adolf Würth GmbH & Co. KG. The key results included:
1. Data Accuracy Improvement: By implementing structured data collection and thorough data collation, we reduced errors in product reports significantly, ensuring more accurate and reliable data for decision-making.
2. Efficient Report Generation: Despite manual processes, the time taken to generate product reports decreased considerably, resulting in more timely delivery of insights to customers.
3. Enhanced Customer Satisfaction: Improved data accuracy and efficient report generation contributed to an increase in customer satisfaction, demonstrating the company's commitment to delivering reliable information.
4. Time Saving: Our approach led to significant time savings per month. We saved nearly 19 hours for our customer in a month. This saved time can be utilized for executing different core operations.
Conclusion:
By transferring the Product Reporting process, our customer gained the thorough data management through manual processes. By implementing structured data collection, thorough data collation, and proactive master file generation, we successfully improved data accuracy and customer satisfaction. The results highlight the value of a well-executed Product Reporting process in maintaining effective data management and delivering comprehensive and reliable product reports.