INVENTORY ADVISORY SERVICES
 

We help small to midsize businesses across industries solve their costing and inventory management issues.

 

 

WHO IS THE IAS GROUP?

 

The Inventory Advisory Services Group was established in 2017 in response to our clients’ ongoing inventory management and costing issues. We found that a lot of these challenges were caused by the “old way” of thinking, or by technology and system-related limitations.

 

WHAT DO WE DO?
 

Cycle counting

Standard costing updates and analysis
Gross profit fluctuations analysis Chart of accounts updates and analysis

 

INDUSTRIES SERVED
 

Industrial Manufacturing & Distribution

Food & Beverage
Consumer Products Life Sciences

 

 

TAILORED SERVICE

 

 

When assisting you, we first build a thorough understanding of your business through our unique Optimize approach, learning your goals, passions and struggles. The IAS team strives to be your trusted advisors by responding quickly to your needs, working directly with management to develop proper costing strategies, and having thorough understanding of your inventory processes. We strive to identify where efficiencies can be gained in areas related to inventory, and ultimately generate an action plan to guide and support your development and growth.

 

BENEFITS OF OUR APPROACH

 

Our services are designed to save you time and money.

1. Cycle counting – A client had previously failed to implement cycle counting using purchased software that was added to their inventory management system. Our team assisted in streamlining the process by 30%. This freed up employ¬ee personnel to perform root cause analyses and identify problems (such as materials being relieved and not record¬ed). Due to these efficiencies, the client is not planning on performing a physical count for this year as differences are below materiality thresholds.

 

2. Gross profit and costing analysis – A manufacturer of industrial equipment was pricing their products for expected 30% margins. Certain production costs were not updated or included in their bills of materials, resulting in 27% higher costs than expected. The actual 3% margins were too thin to sustain operations long term. Their pricing arrangements were re-evaluated and the company was able to negotiate higher prices from its biggest customer.

 

3. Standard costing and chart of accounts updates – A client who was new to manufacturing did not wish to pay for higher priced manufacturing modules in their software package. Using the existing assembly module and a bit of creativity, our team was able to add labor, overhead and expected yields in place of a true bill of materials.

 

 


David Rim
  732.475.2160
  David.Rim@MazarsUSA.com
 
 

INVENTORY ADVISORY SERVICES

We help small to midsize businesses across industries solve their costing and inventory management issues.


 

WHO IS THE IAS GROUP?

 

The Inventory Advisory Services Group was established in 2017 in response to our clients’ ongoing inventory management and costing issues. We found that a lot of these challenges were caused by the “old way” of thinking, or by technology and system-related limitations.

 

WHAT DO WE DO?
 

Cycle counting

Standard costing updates and analysis
Gross profit fluctuations analysis Chart of accounts updates and analysis

 

INDUSTRIES SERVED
 

Industrial Manufacturing & Distribution

Food & Beverage
Consumer Products Life Sciences

 

 

TAILORED SERVICE

 

 

When assisting you, we first build a thorough understanding of your business through our unique Optimize approach, learning your goals, passions and struggles. The IAS team strives to be your trusted advisors by responding quickly to your needs, working directly with management to develop proper costing strategies, and having thorough understanding of your inventory processes. We strive to identify where efficiencies can be gained in areas related to inventory, and ultimately generate an action plan to guide and support your development and growth.

 

BENEFITS OF OUR APPROACH

 

Our services are designed to save you time and money.

1. Cycle counting – A client had previously failed to implement cycle counting using purchased software that was added to their inventory management system. Our team assisted in streamlining the process by 30%. This freed up employ¬ee personnel to perform root cause analyses and identify problems (such as materials being relieved and not record¬ed). Due to these efficiencies, the client is not planning on performing a physical count for this year as differences are below materiality thresholds.

2. Gross profit and costing analysis – A manufacturer of industrial equipment was pricing their products for expected 30% margins. Certain production costs were not updated or included in their bills of materials, resulting in 27% higher costs than expected. The actual 3% margins were too thin to sustain operations long term. Their pricing arrangements were re-evaluated and the company was able to negotiate higher prices from its biggest customer.

3. Standard costing and chart of accounts updates – A client who was new to manufacturing did not wish to pay for higher priced manufacturing modules in their software package. Using the existing assembly module and a bit of creativity, our team was able to add labor, overhead and expected yields in place of a true bill of materials.

 


David Rim
  732.475.2160
  David.Rim@MazarsUSA.com