Financial and Operational Management Systems for a Producer of Packaging Materials |
Polygraphoformlenie is a leading producer of packaging material in Russia . The company was established in 1879 to produce packaging materials for tobacco, food and perfumery products. The company has received equity investment from the Russian American Investment Fund. Corporate Solutions conducted a review of Polygraphoformlenie's commercial, financial and production management practices and developed an action plan. Over a period of six months, our consultants worked with the company's management to design and implement an order-based costing and a management reporting system. One of our printing experts also introduced significant improvements in production processes, preparing the company for ISO 9001 certification. Productivity was significantly increased and a financial management information system was implemented, providing reliable information about the cost of orders as a basis for pricing. A standard set of management reports was implemented, which provides managers with timely information on the overall performance of the company. |