Consumer Goods
INDUSTRY
100
EMPLOYEES
$35M
ANNUAL REVENUE
Cost of Goods Sold Deep-Dive Analysis
VIP SOLUTIONS CASE STUDY
BACKGROUND
Our client did not have confidence in the monthly COGS recognized in 2020. Margins fluctuated in
unpredictable ways that were not inline with business performance.
OBJECTIVES
Review cost of goods (COGS) process on orders
Identify process improvements to address timing of receipts and shipments
Implement processes to enhance accuracy of cost of goods
Prepare process narrative to serve as training
SOLUTIONS
Developed cost analysis process to validate COGS every month
Developed closing procedures to enhance accuracy and credibility of reporting
Prepare process flowchart and narrative to serve as training
Developed process to ensure accuracy of COGS and facilitate margin analyses at a product level
STATUS DOCUMENTATION
VIP’s Project Status documents enabled an on-time delivery of project goals by outlining the timelines and status of tasks and objectives, keeping the client informed throughout the process.
