Maximising efficiency and profitability is essential for subcontract precision engineers in today’s economic climate. Rising material costs, unpredictable supply chains and increasing customer demands for shorter lead times are placing significant strain on small to medium manufacturing businesses.
Maintaining profitability therefore requires more than just hard work – it requires modern, tailor-made systems that drive productivity, enable informed decision-making and provide a competitive edge. This is where PSL Datatrack steps in.
PSL Datatrack provides a comprehensive solution to overcoming financial pain points. With detailed insights into costs and profitability, businesses can make smarter financial decisions, reduce budget pressures and ultimately ensure a steady cash flow. Real-time visibility into company performance helps identify bottlenecks early and prevent costly delays, while seamless integration with your accounts system ensures efficient financial data transfer for comprehensive reporting and analysis.
Time Efficiency Through Automation
Time constraints are a major challenge for many subcontractors, but PSL Datatrack streamlines essential processes such as quoting, works order processing and shop floor scheduling. With automatic retrieval and reuse of data, users free up valuable hours to focus on high-priority work, boosting overall productivity.
Accurate and Competitive Quotations
When margins are tight, fast, accurate and more efficient quoting is critical for subcontract precision engineers. PSL Datatrack enables users to factor in all relevant costs, including process, material, subcontract, tooling and overheads, to produce precise and competitive quotes quickly.
PSL Datatrack’s Hourly Rates Guide, available upon request, further enhances quoting accuracy by helping business calculate their true hourly costs with confidence.
Sales and Performance Tracking
With PSL Datatrack, sales management becomes more efficient through the use of key performance indicators (KPIs). Whether displayed on standard reports, custom reports, a management dashboard screen or dynamic Status Boards, the system ensures that the entire process – from initial enquiry to final invoice – operates seamlessly, enhancing business performance and customer satisfaction.
Efficient Order Processing and Job Costing
What is more, the system allows multiple works orders to be raised against a single quotation, eliminating duplicate effort. A Job Costing record can be automatically created alongside a works order and helps to identify non-profitable jobs early, enabling businesses to adjust pricing strategies and protect their finances.
Stock Management for Cash Flow and Responsiveness
Holding excess stock ties up cash and increases storage costs, especially as material prices continue to rise. PSL Datatrack’s stock management tools, however, allow businesses to track material and component stocks with precision, preventing over-ordering or stock shortages.
Live data supports purchasing decisions based on actual production needs, while ensuring full traceability and certification for quality standards such as ISO 9001.
Precise Scheduling to Meet Tight Deadlines
Missed deadlines and delayed orders can damage customer relationships and profitability, but PSL Datatrack’s scheduling tools allow businesses to quickly adapt to shifting priorities and tougher deadlines. The ability to recalculate the entire schedule in seconds keeps production on track, while improved communication across teams reduces errors and ensures that due dates are consistently met.
Businessman holding glowing percentage sign symbol for financial planing and interest rate growth policy concept.
Scalability and Customisation for Long-Term Growth
PSL Datatrack’s modular and scalable design ensures that it can grow alongside any business. Whether supporting small independent subcontractors or larger organisations, the production control software can be configured to meet specific needs.
From Quotations and Contract Review to streamlined deliveries and rapid invoicing, the system is designed to grow alongside a business, providing a future-proof solution. Many businesses have relied on PSL Datatrack for over 20 years, proving its long-term value in a competitive industry: www.psldatatrack.com/videos
Expert Support and Next Steps
PSL Datatrack’s comprehensive services, including UK-based design, development and support, ensure businesses can fully leverage the software to navigate rising costs and remain competitive in a challenging market.
Taking the first step is simple – request PSL Datatrack’s Hourly Rates Guide to improve quoting efficiency, or contact the team for a tailored demonstration.
