Industries

The Automotive Industry with its growing demand has caught attention of global auto-manufacturers to enter new and emerging markets while local companies gear up to build up and expand their existing manufacturing capacities to take advantage of the strengthening economy. But volatile raw material costs, unavailability of key components, cyclical time pressures, import-export regulations, currency fluctuations, stringent government controls and compliances have not made it easy for the automotive industry to enjoy a sustainable growth resulting in auto-manufacturers working on thin margins. The automotive manufacturing industry needs to overcome these challenges and engage in a proactive production system that is configured to meet local demands and conditions while offering solutions to these and other emerging issues.

Consumer Durables segment remains one of the fastest growing industries globally. Increased consumption index is making this segment attractive for companies to explore new frontiers. To keep pace with the advancement in technology while continuing to innovate and meet customer preferences and demands, companies need to easily detect obsolete and stock-out products while exploring new product lines and maintain high quality standards along with a sophisticated inventory management system. Moreover, strong distribution network through vendor syndication is highly critical in delivering on-time.

One of the biggest challenges faced by the Pharmaceuticals Industry is constant research and development in product innovation and technology. It is also vital to maintain brand image as a key to remaining competitive in the environment.  Companies aim to improve operational efficiencies and minimize procurement costs, thereby gaining control over prices. A large chunk of their business depends on business to business network capabilities, for which there is need for a sophisticated platform.

This Small & Medium Enterprise (SME) dominated industry thrives extensively on infrastructure and capital capabilities. The nature of the industry is allied and it relies heavily on the demand and supply constraints of other industries, hence requiring an extensive network of supply chain coordination. Most of the companies in this segment seek new finance opportunities and look at ways to restructure their interest costs. Also, being relatively a foreign exchange earner, it is sensitive to currency fluctuations and market movements. Therefore it becomes imperative to have a sound financial forecasting and accounting system.

Globalization and shrinking trade barriers is opening up export opportunities in the Engineering Industry. This industry has long evolved from just local technical know-how to servicing international clients for their expertise. More often than not, most engineering companies are now involved in co-developing products and look out for opportunities to scale their operations for leveraging their businesses.  The key focus of the engineering industry is efficiency in the automation levels at different junctures of complex processes. The challenge however remains in the co-ordination with the vendor base and the importance of timely deliveries and schedules.

EDUCATION INDUSTRY

One industry that produces the country's human capital and builds the very foundation for its socio-economic structure is the Education Industry. The sector is closely regulated by Government agencies that provide the framework within which organizations operate both privately and publicly. As more and more institutions gear up to transfer flow of knowledge from different countries and seek international accreditation from leading educational institutions, huge investments are rolled out for technology advancement and infrastructure improvements. The sector remains an attractive employment generator and skills developer for companies nurturing talent and as more and more human resources are made available in the country, there is a need for a consolidated system that caters to their ever growing preferences and needs.

SyncSystems' customizable modules are ideal for maintaining and updating ever mounting records and databases with ease of reporting and planning. Its multi-branch feature enables educational organizations to implement one common system for ease of transfer of knowledge to maintain the standards and accreditation processes easily. The consolidated system helps empower people and reflects their preferences.