Challenges
The manual work this trade still runs on, what it costs, and what changes.
Pickers walk the aisles looking for stock
- How it is done today
- Stock location lives in a senior picker's head or a chalk mark on the rack.
- Cost or risk
- Slow picks, wrong items sent, and work stops when that person is on leave.
- With Finocket
- Rack and bin addressing, with pick lists sorted by bin and a reason code for each short pick.
Inward stock sits on the dock without a location
- How it is done today
- The truck is unloaded and put wherever there is space; the register is updated later.
- Cost or risk
- Received goods cannot be found, and stock is counted as missing when it is in the wrong aisle.
- With Finocket
- Each received line is put away to a suggested bin, and the GRN is matched to the PO and the supplier bill.
Transfers between godowns are on paper slips
- How it is done today
- A handwritten slip goes with the truck and is entered at both ends when someone finds time.
- Cost or risk
- Stock is double-counted or lost in between, and inter-state transfers miss the tax invoice.
- With Finocket
- A posted transfer keeps stock in transit until received, and a transfer to another state is flagged as a taxable supply.
Trucks leave with a Part-A-only e-way bill
- How it is done today
- The e-way bill is typed again on the portal from the invoice, and Part-B is filled at the last minute.
- Cost or risk
- Detention and a penalty at a check-post if the vehicle details are missing or wrong.
- With Finocket
- E-way bill JSON for an invoice or delivery challan with Part-B checked before download; e-way bill no. and vehicle recorded on the invoice.
Consignment details are on the transporter's copy only
- How it is done today
- LR number, packages and weight are on a carbon copy that the accountant asks for later.
- Cost or risk
- Freight disputes and shortage claims with no record on the bill.
- With Finocket
- LR or GR number and date, packages, actual and charged weight and freight terms are fields on the invoice. There is no LR document yet.
Storage bills are made in Excel
- How it is done today
- Pallets and days are counted from the register and a bill is typed each month.
- Cost or risk
- Missed days and wrong rates go unbilled.
- With Finocket
- A storage bill states the billing period and, per line, the storage basis and days stored. Pallets and days are not metered.
Freight paid on inward goods never reaches item cost
- How it is done today
- Freight is booked as a general expense.
- Cost or risk
- Selling prices are set on a cost that leaves out freight and handling.
- With Finocket
- Landed cost spreads inward freight and handling onto the items received.
Diesel, toll and driver advances are loose receipts
- How it is done today
- Receipts are collected in an envelope per vehicle and totalled at month end.
- Cost or risk
- Nobody knows what a vehicle costs to run, and advances go unsettled.
- With Finocket
- Fleet expenses are tagged to a vehicle number, trip LR reference and odometer reading. There is no trip P&L yet.