In the light of global market developments, companies reach out to Deloitte for inspirations on how to turn first and second line controls into measurable value drivers for their core operational business processes. In current market conditions, control transformations will be scrutinized for immediate and measurable value adds as well as fit and business criticality.
We have developed several opportunities that are aimed at delivering measurable efficiencies and financial impacts through an optimized Internal Controls system. While we continue expanding the list of inspirational practices, we have described some of the ‘low-hanging fruits’ examples below.
- Spare Part Optimization: Companies have found great opportunities in optimizing spare part levels based on ERP integrations that enable analytics
- Inventory Monitoring: Manufacturing entities have found great opportunities in optimizing their inventory coverage yielding high saving opportunities
- Inventory Compliance: Operations with effective and automated monitoring of inventory shelf-life compliance can enable 1 – 2% inventory savings
- Purchasing Yield: Applying an algorithmic approach to purchasing gives insights into the opportunities between standard and actual SKU-level cost.
In each of these cases, we would not only evaluate the potential savings, but create controls and visualization tools to ensure that our clients realize these opportunities.
We have a repository with the required SAP tables, algorithms, KPIs and visualization, making our solutions plug’n’play with only limited configurations. This will bring a high degree of flexibility for the client, making it possible to adapt quickly and exploit future possibilities.