KRONOS for MANUFACTURING. Increase Productivity, Control Costs and Gain a New Competitive Edge

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1 KRONOS for MANUFACTURING Increase Productivity, Control Costs and Gain a New Competitive Edge

2 We have been looking for a truly good integrated time and attendance solution to replace our existing system, which had lot of reconciliation issues during pay run. We needed a solution that could meet all our requirements, prevent leakages in payroll, and better manage labour costs centrally. Kronos was selected after a very careful evaluation. We were amazed at the solution s unique capabilities in the Indian market, meeting all our requirements. Yogesh Zope, VP IT Bharat Forge

3 What s New Kronos for Manufacturing MOBILE SOLUTIONS FOR EMPLOYEES ON THE GO. As a manufacturer, you ve always had employees who simply aren t in front of a computer every day. And with an increasing number of mobile employees today, it can seem difficult to provide them with access to important workforce management information. Give mobile employees anytime, anywhere access to your organisation s workforce management solution using easy, intuitive mobile applications for the same smartphones and tablets they already use. Technicians, field staff, delivery personnel, and other mobile employees will love how easy it is to complete any workforce management task while HR, administrators, and supervisors will all save time and become more productive. KRONOS SOLUTIONS THAT WORK FOR TODAY S MANUFACTURERS. Razor-thin margins. Rising costs. Constant pressure to cut prices. All of these factors make it difficult to compete in manufacturing today, making it imperative that manufacturers increase productivity, control labour costs, help ensure compliance, and allocate more resources to your most strategic initiatives. Kronos workforce management solutions enable you to plug cost and time leakages that proliferate in a contract workforce environment that depends on manual processes driving you closer to having perfect visibility into your contract workforce. Kronos automates the entire process for workforce management by: Capturing master data for contractor and contract workers Managing the attendance process through requisition to labour scheduling and in-depth recording Validating time and materials invoices Reporting statutory and organisational compliance KRONOS IN THE CLOUD. Sure, a workforce management solution sounds like a good idea, but many manufacturers might not have the in-house resources to manage it efficiently and not overburden your IT staff. Kronos Cloud Services will give you a proven alternative to your in-house staff by handling the technical issues related to managing, monitoring, and hosting your workforce management solution. No matter how you choose to deploy your application on your own site or with Kronos we have flexible solutions to meet your needs so you can get back to what s really important: growing your business.

4 CONTROL LABOUR COSTS Provide the Perfect Paycheck Now, the quest to provide the perfect paycheck the right pay at the right time doesn t have to be an impossible task. First up: eliminating manual payroll efforts and the errors that go with them. Getting rid of paper-based methods saves time and increases productivity, but it also helps to eliminate manual errors, preferential treatments, and other forms of abuse all critical to improving payroll accuracy. With Kronos for Manufacturing, you ll also automate repetitive actions and improve efficiencies at every step, all to keep total costs low. Finally, by gaining a highly repeatable process that minimises errors and wasted time, you ll deliver the perfect paycheck, on time, every time. MINIMISE COMPLIANCE RISK Foster Consistency and Confidence As a large number of Indian manufacturers become global players through expansions or acquisitions, they need to become compliant to the inherited myriad of labour laws to avoid costly lawsuits and settlements. Kronos for Manufacturing facilitates compliance with government regulations and labour laws by automating manual time and attendance and scheduling processes. The built in business rules engine raises alerts around possible compliance issues like overtime, minimising the potential for human error. Complete automation helps reduce authoris-ed time from being worked, all while helping manufacturers comply with union settlements, the India Factories Act, and other local country laws. Kronos solutions go even further to reduce regulatory risk by centralising employee attendance and leave information; for example, the system applies work rules uniformly across locations while generating accurate, detailed audit trails that enhance your compliance efforts. GLOBAL WORKFORCE MANAGEMENT SOLUTIONS With over 20,000 customers in more than 100 countries, Kronos helps manufacturers of all sizes manage their most valuable strategic asset their workforce.

5 IMPROVE WORKFORCE PRODUCTIVITY Boost Efficiency The first step toward getting the most out of your workforce is scheduling the right people to work at the right time. With Kronos for Manufacturing, you can connect production demand directly to employee scheduling so you can start each shift with the right mix of employees and skills for getting the job done. You also can t let unplanned absences and late arrivals interfere with your delivery deadlines. Kronos for Manufacturing lets you establish policies that improve attendance complete with rewards for top performers and penalties that discourage poor behavior. Production lines will start on time, and you ll decrease overtime costs for replacement workers. And since you can t predict or control every variable that might pop up on any given day, Kronos for Manufacturing gives you a real-time look into what s happening on the shop floor. Gain insight into material delays, machine downtime, and changed delivery dates in time to redeploy employees, all to help minimise delays and added costs. You can even use these same tools after the fact to bring systemic problems to light, uncover trends, and identify opportunities for improvement. ACCURATE LABOUR COSTING Know Where the Money is Going You need to understand exactly how much it costs to design, build, and deliver your products. Not only does this information help keep costs low; but it also allows you to remain competitive and make better-informed decisions regarding pricing, outsourcing, discounts, vendor negotiations, and more. Kronos for Manufacturing gives you a better way to allocate actual labour costs to production so you can account for how every labour money is spent. The solution makes it possible to move beyond using standard costs for labour, even when your labour picture includes complexities such as different wages, overtime, shift allowances, partial shifts, and team allocation. With Kronos you can allocate 100 percent of your actual labour costs to production. No more estimates and unexplained variances. From now on, you ll have fact-based labour details on the profitability of a specific production line all to deliver maximum visibility and help you make the most effective business decisions possible. LEAN LABOUR Apply a Proven Concept to Workforce Management Lean Labour has become a survival guide for manufacturers of all sizes facing global competition today. Many manufacturers think of Lean as an effective way to reduce unit costs and remain competitive especially in managing the supply chain, equipment, and daily processes. But savvy organisations realise they can apply Lean principles to the way they manage their workforce, too. How? Take advantage of Lean to significantly improve your operations everything from increasing resource utilisation to gaining a more accurate understanding of product costs. You will also see how Lean can help you increase workforce flexibility and agility so you can focus on driving top-line revenue growth. At the same time, Lean principles can help ensure labour is aligned with actual demand, which leads to shorter lead times, reduced costs, and a stronger bottom line.

6 Kronos is the global leader in delivering workforce management solutions in the cloud. Tens of thousands of organisations in more than 100 countries including more than half of the Fortune 1000 use Kronos to control labour costs, minimise compliance risk, and improve workforce productivity. Learn more about Kronos industry-specific time and attendance, scheduling, absence management, HR and payroll, hiring, and labour analytics applications at Kronos: Workforce Innovation That Works. Put Kronos for Manufacturing to work for you: (080) kronos.in/manufacturing Kronos Systems India Private Ltd. Tridib Level 2, Unit 1 Bagmane Tech Park C V Raman Nagar Bangalore , Kronos Incorporated. Kronos and the Kronos logo are registered trademarks and Workforce Innovation That Works is a trademark of Kronos Incorporated or a related company. For a full list of Kronos trademarks, please visit the trademarks page at All other trademarks, if any, are property of their respective owners. All specifications are subject to change. All rights reserved. MF0128-INv1