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Over the years, SKP has assisted over 1,200 clients from over 45 countries in doing business in India and abroad. Our clients include Fortune 500 companies, multinational corporations, entities listed on global exchanges, private equity/venture capital–owned companies and family-owned businesses. Here are a few examples of our work where we've helped our clients in dealing with the various complexities of doing business in India and abroad.

Identified reasons for losses of an oleochemical and personal care product manufacturer

Engagement: SKP was engaged by a manufacturer of oleochemicals and personal care products to identify the root cause for the contract manufacturing company making losses.

Solution

  • Financial analytical review
  • Physical stock verification, compare with logical stock and reconcile the variances
  • Material yield and overhead variances between standard and actual and identify the root cause behind losses
  • Master including bill of material master verification
  • Inventory movement analysis and verification of various cost records 

Value Delivered

  • SKP assisted the company in identifying the reason for losses
  • Provided recommendations to overcome losses
  • Provided input to company to renegotiate the pricing with its contractors to recover losses
  • Provided various input on matters as mentioned below to make processes/accounting more efficient and effective
    • Bill of Material (BOM) configuration;
    • Scrap percentage defined in master;
    • Accounting of Sample sale;
    • Movement types used in booking inventory;
    • Access controls changes.