Manufacturing can be a cut-throat industry where every dollar saved can contribute towards your success. Also, manufacturers must always be cognizant of optimizing for the maximum efficiency, obeying the changing regulatory environment, and of rising costs. Manufacturing is also a testing ground for new innovations in technology, productivity, and performance. With new innovations coming out on a daily basis, it can be overwhelming to manage your manufacturing process in a way that’s both modern and effective. By hiring experts to take control of the cost, strategy, and financial components of the manufacturing process, you can rest easy knowing that your manufacturing business is carefully monitored for financial, business, and operational performance indicators.
The term “manufacturing” is a catch-all phrase for the many different sub-industries that fall under manufacturing. Depending on which industry you’re in, your manufacturing needs may differ–and the manufacturing process will also look different. For example, some manufacturing processes may be heavy on transportation logistics, while others may be more product-focused, and have a highly involved team of researchers who are involved in every step of the way. The structure of a manufacturing business should not be overlooked because it is essentially the structure of a micro-organization within a business. A manufacturing wing of a business can have a completely different culture, financial benchmarks, and daily quotas than the rest of the business units.
Manufacturing, at its core, also depends on macro-economic factors such as trade, exports/import ratios, and raw resource availability. While you may be an expert in some parts of the manufacturing process, there’s a high chance that you’re not an expert in all areas of manufacturing–there are simply too many areas to do a deep dive into all of them. At Odoni Partners LLC, we have a team of experts who can guide you through all areas of manufacturing, from finance to innovation to operations. Our combined expertise lends itself to robust recommendations for your manufacturing business, that take into account both micro and macro considerations.
Manufacturing is not just machines, either. It’s also powered by people–which means that you need to be able to identify compensation and employee benefit packages that make sense for the manufacturing field. When there are real humans involved in an organization, there is often a true business challenge in managing them in a way that’s effective. We are able to analyze employee compensation and units to give you a better understanding of the overall picture of your business.
Of course, manufacturing also includes machines and their ever-changing technology. If you struggle to keep up-to-date on the latest Six Sigma, lean manufacturing trends that’s okay–we have a wide range of knowledge on efficient manufacturing and can use our cross-industry knowledge to contribute meaningful recommendations to your business. Whether you’re considering purchasing new technology or trying to cost out the real profitability of a process, we can advise you on your strategy, as well as create financial benchmarks for manufacturing success.
Another vital component of the manufacturing process is inventory management and understanding inventory seasonality and flow. We can help you choose the right inventory management software that will save you money in the long-run, and also examine other ways for you to more effectively manage your inventory. From managing to distributing inventory, we can advise you on how to optimize all of your manufacturing processes.
When you’re looking to change your manufacturing process, another consideration is the financing behind your business. Are you able to obtain financing from investors? How can you better show-off your business to investors–and from which investors should you seek funding? These are all questions that we can help answer through careful analysis of your manufacturing business, as well as thorough financial analysis.
Lastly, we can find tax savings for our manufacturing clients by utilizing our team of experts’ understanding of tax systems specifically for manufacturing businesses. We will sit down with you and plan your tax strategy so that there are no surprises when filing taxes. We can even show you how can lower your tax liability and strategize your taxes in a way that is aligned with your future business strategy.
If you’re looking for a complete internal financial analysis, we can also predict future cash flow based on current risk factors, capital needs, macro-economic, and industry-level factors that you may not have considered in your current cash flow models. We will analyze your profitability in terms of competitors, as well as predict future break-even and profitability based on your one-of-a-kind business profile. You can focus your precious time on running your manufacturing business–and we will explain our work to you every step of the way.
Our experienced professionals work closely with you over the year to address financial, business, and operational concerns including managing inventory, obtaining financing and projecting cash flow. No matter what your business needs are, we are able to solve them for you while keeping you informed during every part of the process.
Through strategic tax and business planning, Odoni Partners helps numerous companies address the challenges of supply chain management and improve costs through lean manufacturing and increasing global pressure. Our approach allows those companies to compete in today’s complex environment, overcome challenges, and chart a path forward, which enhances their operational efficiency and reduces tax liability. If you want to unlock your manufacturing company’s full potential, don’t hesitate to contact us today to chat about how we can help.
Areas of expertise:
Food and beverage
Metals and steel