Chemical Manufacturing

Overview

One of the leading manufacturers of basic chemicals and derivatives in India having various plants at diversified location has assigned Outcome for process consulting in order to review Current State of all business and finance process, mitigating gaps & designing new processes, setting Key performance Indicators in order to utilize optimum production capacity, improve sales & collection cycle, & optimize Key performance Indicators.

Context & Challenges

  • Organization was not able to utilize optimum production capacity
  • Organization wanted to increase margins by reducing purchasing costs, through optimization of purchasing process
  • Organization wanted to improve sales & collection cycle better than industry average.
  • Organization was not able to track & reduce the interest cost by better cash management.
  • Organization could not lay down standard processes policies as per best control practices.
  • Wanted to create & optimize Key Performance Indicators (KPI)