At the heart of your business lies your product line. The potential to revolutionize your next level of growth dwells within your product. From order planning to pricing management to store and catalogue management, orchestrate each function to fully unlock the true potential of your business offerings.
Paramantra can help you drive visibility into production processes, increase invoice values, order volumes, and customer profitability. The software’s forecasting module takes past sales, forecasted orders, and customer communication into account to provide you with more accurate results. By leveraging customer demand and past performance, you can make better decisions when it comes to production planning. Constituent ratio analysis checks the quantity requirement of different raw materials needed to manufacture any new product and shares that information with modules that require it, such as store and purchase to ensure that your customers’ needs from the order are met on time. With scenario planning, you can simulate various demand and inventory scenarios to identify the best possible strategy for any complex requirement. You can also leverage shop floor intelligence and collaboratively strategize to win bigger deals.
With Paramantra, you can effectively manage and maintain comprehensive product catalogues. The software enables you to record every detail of your product, including its units of measurement, type, usage, stage (whether it is an end product, refurbished, newly manufactured, spare, or under development) and specific pricing for different products or product types. Additionally, Paramantra allows you to maintain the hierarchical structure of every product and allocate them with appropriate categorization and attribution. Our solution framework is designed to manage the complexity inherent in managing product catalogs, ensuring that sales forecasting, constituent ratio analysis, scenario planning, inventory, and purchase work in tandem to create an efficient customer-focused business.