One of the largest alternative investment management companies that focuses on Latin American assets required the support of RGIS. The investment management company invests in several segments in Brazil: agribusiness, pharma, food sector, among others and sought RGIS as a partner to carry out its acquisition inventories in several sectors.
REQUIREMENT
The investment management company needed
experienced
inventory associates
that could count and identify damaged agro products for an acquisition inventory, so required RGIS to provide the following:
- Meetings with the customer to
define a specific procedure for carrying out the inventories, preparation and reporting requirements
- Carry out
four simultaneous inventories at different locations
-
Agro products to be counted including pesticides and grains
-
Count, verify and report on 100% of the items
SOLUTION
The investment management company partnered with RGIS to complete the
acquisition inventory and audit of damaged products, and provided the following:
- Within the preparation process a
book with photos was created by RGIS for
identification of all products
- Scheduled a team of
30 experienced RGIS auditors
- A
sample audit was completed of third-party products
-
Financial and analytical reports were presented with the
consolidated result of the inventories
- Products were
checked against invoices
- As there were no barcodes, counts were
completed using product codes
RESULTS
The investment management company found by outsourcing the
acquisition inventory and audit of damaged products to RGIS, the following results were achieved:
- Counted over
690,000 pieces with a
financial value of over
$5,500,000
-
100% of the items were accurately counted and audited to survey expired and/or damaged products
- A total of
2,597 items were identified in orders without invoices, which represented just under
$24,000
- A total of
2,921 items had expired which represented
over
$83,000
- Presented all
financial and analytical reports which finalized the acquisition process