Practus delivered 6X ROI to an Apparel Brand via Performance Improvement Services

Moch is a one-stop brand for all your ethnic wear needs. The first exclusive Moch store was opened in 2005. Through its innovative use of traditional crafts, Moch celebrates Indian women with a contemporary lifestyle. Today, Moch has grown to retail through over 124 exclusive brand outlets across 45 cities..

Client Requirement

• Going through the various processes, preparing flow charts, and finding out the gaps.
• Improvement in process and Internal control improvement in specific areas.
• Review of the processes from an external expert agency.

Practus’ Role

• Conducted one on one interviews with process executives.
• Did document a walkthrough to understand the processes??

• Preparation of process flow charts and identified Gaps and suggested best practices for all the gaps.
• Identified issues and inefficiencies by a thorough analysis of data.?
• Identify and evaluate the opportunity for further improvement in specific areas like AP, Projects, Fixed assets, dispatches, Gift vouchers, Sales, inventory, and treasury.

Impact Delivered

• Suggested Independent mechanism to validate rent payments to ensure no landlord is missed out.
• Suggested revisiting rental agreements with Malls having a Minimum Guarantee of more than their revenue share to ensure cost reduction.
• Implemented a standardized template for new store opening and communicating between Finance and BD teams to eliminate multiple emails and improve TAT.
• Streamlined dispatch planning to reduce transport costs.
• Suggested to automate LR data capture process, to save 1500–2000-man minutes per month.
• Suggested capturing Gift Voucher Card details in Genesis to ensure more robust control over GVs issued by stores.
• Suggested perpetual method of inventory control instead of shutting down stores during the stock audit to avoid loss of business.
• Recommended insisting on deposit by stores - 100% of cash sales to save a lot of money in interest outflow.

Practus has delivered?Performance Improvement Services?to clients across the board. Learn more about them here:

1.?Performance Improvement for a Middle-Eastern Chain of Hypermarkets

2.?Automation Project for a Media and Communications Company?

#PerformanceImprovement #Clothes #EthnicWear #Fashion #CFO