|Title:||Financial and Operational Management Systems for a Producer of Packaging Materials|
|Dates:||September, 1998 - January, 1999|
|Funding:||Russian American Investment Fund|
Polygraphoformlenie is a leading producer of packaging material in Russia. The company was established in 1879 to produce packaging material for tobacco, food and perfumery products. It was privatised in 1994 and since then has made significant investment in new infrastructure and manufacturing facilities. This modernisation was partly funded by equity investment from the Russian American Investment Fund. As a result, the company has attracted a number of household names as customers including Coca-Cola, Nestle, Procter & Gamble and Mars.
Although the company had modernised its manufacturing facilities, its commercial and production management practices required significant improvements and strengthening.
In 1998, Corporate Solutions conducted a review of Polygraphoformlenie's commercial 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 and prepared the company for ISO 9001 certification. Productivity was significantly increased and a management information system was implemented, which provided reliable information about the cost of orders as a basis for pricing. A standard set of management reports were implemented, which provided managers with timely information on the overall performance of the company.