Hofincons Infotech & Industrial Services Pvt Ltd

Materials management being a multi-faceted system embraces several functions including planning, purchasing, receiving, storing, issuing and controlling. The effectiveness of the materials management function solely depends on the integrity of the data bank.

Material catalogue, Vendor information, planning/controlling data forms the back bone of any Computerized Materials Management System (the rest are transaction data).

Hofincons with its nearly three decade of experience has the breed solution for the master data banks. Hofincons can create new Materials and Vendor masters for an up-coming plant or upgrade the existing masters.

Materials Master or Catalogue contains the basic information of all materials handled in a company, and facilitates in purchasing or searching the material. Hofincons helps clients to build a world-class catalogue for spare parts management. Hofincons with their vast exposure and experience has developed an Attribute-based cataloguing system and a conventional line-text cataloguing system.

Hofincons’ Attribute-based cataloguing system includes a classified hierarchy (noun-modifier nomenclature) with a structured template to capture the buying description and to cater to easy surfing of the items. This facilitates both logical and non-intelligence numbering system. This cataloguing concept is simplified by Hofincons’ ACMS Cataloguing software tool.

Hofincons’ line-text cataloguing system assigns a series of 10-digit intelligence coding scheme, representing a line text based buying description. Line-text catalogue classifies the items by its equipment and assembly levels to smoothen the search. LCMS software of Hofincons facilitates in conventional cataloguing.

Hofincons reviews clients existing material master & materials module software system and then develops a suitable catalogue. Relations between the prevailing item code & the newly created one shall be established. Cataloguing tool shall be interfaced with client’s materials module for regular data transactions.

Hofincons cataloguing concepts and their skilled team facilitate the following:

A vendor master contains the data of all vendors that a company conducts business with, to serve an efficient procurement process.

The vendor master database caters information for both Purchasing and Accounting functions and hence contains information like vendor’s name, contact details, supply list with rates, terms of supply & payment and performance rating.

The vendors are assigned with a unique number (intelligence or non-intelligence) to call the master record for procurement transactions.

The vendor master requirement will differ from company to company depending on the software solution in use. Hofincons with its wide experience in various materials management software ( / ), will study the existing system, and develop a structured vendor master that suits the opted Materials management software. Hofincons intelligence number classifies and groups the vendor by commodity of material supplied, country, name’s prefix alphabet etc.

Benefits of vendor master

Hofincons has been involved in implementation of many leading / solutions in different industrial sectors, like refineries, petrochemicals, pharmaceuticals, textiles, abrasives, steel, cement, fertilizers and power. Companies seeking excellence in materials management, but tied-down with the routine tasks, will be benefited from Hofincons experienced services for building-up the best materials catalogue and vendor master.