Solutions for Retail Sector
Major Risks and Challenges
- Technology and Data Security
- Improper Supply Chain Management
- Brand / Reputation Damage
- Inventory Management
- Cash Management (since Retail is dependent on cash and carry business)
- Improper Procurement policies (procurement is the most important activity in the retail industry)
- Revenue Leakage
- Launch and Management of offline stores
- Absence of Policies and Procedures for critical areas of operations
- Customer Service
- Account Reconciliations
- Branding issues in own / dealer / distributor network
- Service network management
- Skill retention, rewards and recognition
- Fraud
Our Solutions
- Establish Governance Structures
- Design Management Information Systems
- Provide continuous monitoring support
- Assessment of in house IA function
- Enterprise Risk Management
- Process Reviews
- Model Business Processes
- Internal audit
- Cost control & Revenue improvement
- Forensic Audits
- Legal Compliance Framework
- SOP manuals
- Internal Audit Manuals
- Accounting Manuals
