Pieces
690,000
Auditors
30
Value
$5,500,000
One of the largest alternative investment management companies that focuses on Latin American assets required the support of RGIS. The investment management company invests in several segments in Brazil: agribusiness, pharma, food sector, among others and sought RGIS as a partner to carry out its acquisition inventories in several sectors.
THE CHALLENGE
The investment management company needed experienced inventory associates that could count and identify damaged agro products for an acquisition inventory, so required RGIS to provide the following:
- Meetings with the customer to define a specific procedure for carrying out the inventories, preparation and reporting requirements
- Carry out four simultaneous inventories at different locations
- Agro products to be counted including pesticides and grains
- Count, verify and report on 100% of the items
Sectors
Why RGIS?
Customers rely on RGIS for inventory and damaged product audits of agro products because our expert teams deliver accurate counts and consistent condition assessments, ensuring reliable stock visibility, reduced losses, and stronger quality control across agricultural operations.
Our Solutions
The investment management company partnered with RGIS to complete the acquisition inventory and audit of damaged products, and provided the following:
Within the preparation process a book with photos was created by RGIS for identification of all products
Scheduled a team of 30 experienced RGIS auditors
A sample audit was completed of third-party products
Financial and analytical reports were presented with the consolidated result of the inventories
Products were checked against invoices
As there were no barcodes, counts were completed using product codes
Results
The investment management company found by outsourcing the acquisition inventory and audit of damaged products to RGIS, the following results were achieved:
Counted over 690,000 pieces with a financial value of over $5,500,000
100% of the items were accurately counted and audited to survey expired and/or damaged products
A total of 2,597 items were identified in orders without invoices, which represented just under $24,000
A total of 2,921 items had expired which represented over $83,000
Conclusion
RGIS presented all financial and analytical reports which finalized the acquisition process.
