What we offer in PKC ProMIS?
Team of Retail Sector Experts Assigned for 1-2 Weeks to deliver results
Step 1: Detailed Study of your business - Sales, Margin, Inventory & Costs
Step 2: Benchmarking with industry competitors
Step 3: Analysis of performance & identify core areas of improvement
Step 4: Multi-level discussions with Management
Step 5: Easy-to-implement recommendations
Results
1: Better Purchase Planning
2: Reduce Stock Holding
Who we are
PKC Management Consulting is a distinctive business and financial advisory firm. Our experienced advisors provide management consulting, audit & assurance and taxation services to numerous satisfied clients across India.
1500+
Clients
2000+
Engagements
8+
Sectors
35+
Years of experience
100+
Professionals
98 %
Client retention
3
Service Verticals
100+
Services
Awards and Recognition
Entrepreneur of the Year 2020
Entrepreneur.com
2020
Women Achiever's Award
WeLEED
2020
Excellence in Bank Funding
HDFC Limited
2012
Our Expertise in Retail
Purchase to vendor payment process consulting
- Defining procedures to raise PO, track pending orders, GRN & barcoding for proper maintenance of inventory records
- Raising red flags for time delays, quantity deviations, price differences etc.
- Automated inventory processing system to avoid manual errors or delays
- Training employees for fast & optimum utilization of software/other tech tools
Sales process automation & standardization
- Defining procedures to handle customer sales, discounts, returns, refunds, unclaimed parcels, missing barcodes, product exchanges etc.
- Placing controls to curb revenue leakages during the sales process
- Analysing customer footfall , feedback etc. to improve the shopping experience
- Ensuring that the amount received is matching with sales amount across the locations
Setting up of real-time accounting systems.
- Restructuring accounts tree to empower & simplify the finance reports
- Automating statutory compliances such as GST filing, TDS filing to avoid interest, Penalties etc.
- Placing controls to mitigate revenue leakages like double/excess payments etc.
- Real time tracking of revenue, expenses, profitability, assets, liabilities etc.
- Real time matching of physical stock with the software stock.
- Placing controls to ensure only required stock is purchased.
- Fixing the SKUs wise reorder level & automating the refilling process.
- Easy generation of reports such as stock rotation, stock aging, dead stock etc.
- 100% hand-holding from store layout planning until the store opening.
- Providing initial stock & manpower requirement planning.
- Implementing ERP & processes to improve operational efficiency & avoid excess cost.
- Effective MIS reports are available from T-1 day for performance analysis.
Few samples of our Achievements in the Retail sector
Saved time taken for processing 1.5 lakh invoices for a apparel retail market leader
12% reduction in Purchase cost & 18% reduction in inventory holding cost was achieved
Reduction in 82.5% penal charges from brand owners after tracking back end and financial schemes
Complete hand-holding for opening a retail store size of 50,000 Sq. ft. within 7 days
Helped a large retail client reduce stock by ~35% along with an increase in revenue by ~30%
100% on-time claim of supplier schemes saved revenue leakage of 27 lakhs in the 1st year for an electronics franchisee chain
Product replenishment lead time reduced from 30 hours to 2 hours for a hypermarket player resulting in 80% reduction of stock out situations
Increase in overall bottom-line by ~17% for a garment retailer in Tamil Nadu
Strategically advised a garment manufacturer to expand EBO presence from 27 stores to 42 stores
Our Clients
Testimonials
Apex coconuts, one of the largest vertically integrated coconut processing company in south east asia, was facing issues with handeling a lot of leads and turning of leads to deal. Upon their meeting with the PKC team, PKC analysed the business and issues. Gokul Shrinivasan, the CMO of Apex coconut said-“The PKC team analysed all the issues, communicated them to me and the solutions as well. PKC also implemented CRM for me that helped me abalyse the leads better, and thus have a more worry-free process. PKC has helped me analyse all information and turn it into prsopects. We look forwad to engage PKC into procurement and logistics and accounts domain. We really recommend the PKC team”
Gokul Shrinivasan
Apex coconuts
"Our collaboration with PKC Consultants has added incredible value to our ERP implementation Project. Leveraging their experience and knowledge helped us Go Live on time at Sundaram Composites, while critical activities like Requirement gathering, Testing, User training and Documenting procedures are addressed in advance.
Their contribution to the development of structured way for assessing the Implementation partners, Understanding the Business processes and putting up checks and balances as appropriate was critical in meeting the Digital Initiatives which we combined with our ERP Implementation."
Thirumalai G
Head - India Operations
"The Internal Audit Assignment carried out by your team was in a very Structured manner and the Quality of Service is excellent."
CA Sampathkumar D
CFO, IndianOil LNG Private Limited
"We did not have control of our expenses, due to the sheer size of our 40 store operations. With PKC's insights, we are now in control of costs. The best thing about PKC is they are ready for change & work as per the clients need, even though it's out of their way."
Raakesh Ramanand
Managing director, Consolidated retail
“We have engaged M/s. PKC Consulting Co, Chennai for streamlining our inventory receipt and management system. They had designed a system which had been integrated with our existing software. The system has several checks and balances and also helps us in tracking the goods from the suppliers point of dispatch till it enters the store. We have been using this system for more than a year and we are very satisfied with the results”.
Mr. S. Ramesh
Managing Director, Pothys
"PKC team foresight and experience helped us sail through our Income Tax search case within a very short period and with minimal damages."
Mr. K Manickam
Managing Director, Chennai Silks & Sree Kumaran Thangamaaligai
"PKC is a management consultant to our company, Otto Clothing. They have brought in robust systems and controls and improved accountability across activities. They have delivered many benefits - production time reduction, fabric cost savings, reduced cash holding, etc. More than 90% of the organization is now systematic. What I appreciated most about PKC is their rigorous implementation of recommendations which have provided real changes and benefits to the company.”
Mr. S. Pothyraja
Director, OTTO Clothing Pvt. Ltd.
"We have been worked with PKC for over 15 years. Whether it is our Income Tax search, surveys, scrutiny, arranging large funding requirements, or internal audits, they have supported our growth from a single hospital to one of the largest hospital chains in Tamil Nadu today. Their knowledge and attention to detail can only be described as excellent."
Dr. Geetha Haripriya
Director, Prashanth Hospitals
Success Stories
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Locations
Chennai
27/7, Alagappa Rd
Purasaiwakkam
Chennai, Tamil Nadu 600084
Bangalore
310A & 310B Third Floor
Sigma Central Mall, Cunningham road
Bengaluru, Karnataka 560052
Bhopal
33, Geet bungalows, Phase - 1
JK Road, Near Minal Mall
Bhopal, Madhya Pradesh 462023
Vijayawada
No. 2, Wahad Towers
Masjid Street. Bhavanipuram
Vijayawada, Andhra Pradesh 520012
Drop us a note
FAQ’s
We have a standard man-day pricing for our services. Depending on the size of the business & scope of process consulting work, we estimate the number of days and number of team members required on-site to successfully deliver the project, based on which we share a quotation. You can be assured of a project pay-back within 1 month to 12 months.
Yes and that’s where our major strengths come from. We understand small businesses do not have enough resources or expertise to implement the organisation wide changes to get the desired results. For that reason, we provide end to end support for implementing each solution we have given at the ground level. We train your employees and handhold them till they get accustomed to the new systems and processes. We sign off only after we stabilise the new systems at your place and all of the employees involved are comfortable with the new systems.
We design our solutions considering the dynamic environment in which businesses operate. We keep them simple, flexible and comprehensive to cover all of the current and potential future business changes. Our clients are still following the same processes which we implemented 10 years back.
No. You need not invest in any software or change your employees. We design simple yet powerful solutions which can be implemented using the software and people you have. If there are few automation requirements which your existing software can’t accommodate, we use free tools available in the market such as Google suite, data studio, zoho analytics free edition etc to derive the desired output.
Yes. We provide our consulting services to clients across India in any city – Tier-1 and Tier-2. Our team travels to your place and works on a hybrid model of off-site and on-site to deliver the project. Our teams speak English and Hindi as well as local languages (Tamil, Telugu, Gujarati, etc.). Our central project management team closely monitors the project and ensures desired results are delivered to the client.