Manufacturing company Component Sources International implemented the Mitrefinch Time and Attendance System to improve the organisation’s shift system and reduce costs.
Component Sources International is part of CSI, a highly specialised group of companies offering unique manufacturing processes for mechanical components including turning, milling, plastic injection moulding, metal injection moulding, and stamping. They also offer a full range of support services, including sales and marketing, sourcing, and distribution logistics.
As a manufacturer looking to cut costs while still delivering a high quality product on time, Component Sources sought the ability to more efficiently track shifts not only to balance labour supply with demand, but also for better visibility on overtime.
Component Sources International turned to Mitrefinch Workforce Management solutions, partnering with Advance Systems to roll out the Mitrefinch Time and Attendance System.
The information collected by the Mitrefinch Clocking System helps the organisation make the choices that maximise their workforce, cutting down on costly overtime without running the risk of understaffing.
Chris O’Neill, CFO at Component Sources International explains that the Mitrefinch system has helped the company get complete clarity on shifts, overtime and employee clocking patterns. Additionally, the labour costing functionality within the Mitrefinch Time and Attendance System allows the organisation to track and manage both direct and indirect costs of each and every job, so they can provide accurate quotes and pricing to customers.
Payroll has also been streamlined with the Mitrefinch Time and Attendance System enabling attendance information to be downloaded directly to their payroll application, increasing efficiency, reducing errors, and saving money.
Issues such as absenteeism and tardiness, all of which added to the company’s bottom line have also been addressed by the Mitrefinch Time and Attendance System, which maintains data on late arrivals, extended lunch breaks, early leaving and absenteeism. Not only does the system easily identify problems and issues, it also makes them transparent to employees who are likely to be motivated to improve their behaviour.
Mitrefinch Australia delivers the complete range of workforce management solutions in Australia.