Manufacturing & Distribution
Many manufacturers face obstacles while trying to obtain clear and accurate cost data. By engaging in a standard costing approach and not taking the time to properly understand which products are responsible for driving profitability, you are damaging your bottom line.
To aid business leaders, Baker Tilly has developed Dynamic Costing® solution and approach. Dynamic Costing examines the real labor and individuals that are touching the product, providing visibility to shift from standard cost accounting to cost management analytics. By leveraging industry specialization and advanced analytics, our team of professionals are able to map how that costing data flows onto the company’s financial statements.
Navigating the rapidly changing supply chain landscape leaves manufacturers with little time to have complete visibility over their indirect material expenditures. To remain competitive against the competition, understanding how you can reduce your total cost of ownership (TCO) of your maintenance, repair and operations (MRO) and streamline operations is vital. Baker Tilly and DSSI, a leading procurement services company focused on indirect materials and services, have created the Dynamic Procurement service offering. Powered by advanced artificial intelligence (AI), we provide analytics and reporting capabilities to help automate purchasing and spend optimization.
Determining and planning for your next large capital spend project is a complex and time-consuming process. Whether you want to expand your production capabilities or re-shore operations, our manufacturing PDO office uses a data-drive analytics to help you navigate market challenges by providing labor analytics, site suitability assessments and financial modeling to ensure you’re constructing a sound development.
Supply chains are being tested with market disruption and changing industry trends, understanding what your supply chain operations needs is vital to ensure your manufacturing operations align with your strategic business objectives. Our manufacturing professionals can assess your supply chain and work alongside you to develop a road map to reduce risk, improve customer experience and operational efficiencies.
Distribution is a fundamental part of the supply chain process. Our experience with wholesale distributors is an integral part of our practice. Our team includes professionals who spent years in the distribution industry and share their applied business experience and acumen.
Digital transformation is revolutionizing manufacturers, asking them to look inwards at their own data to determine trends that can help them shift suppliers, combine invoicing to a single payor model, nearshore their operations, move to the cloud or develop new manufacturing plants to help streamline operations. At Baker Tilly, our manufacturing professionals are well-versed in the digital shifts and are prepared to help your business move to your future state.