The performance improvement services provided by Practus assisted the FMCG company in establishing a clear hierarchy for decision making.
| Client | ROI | Industry | Ownership | Management | No. of Employees | Size | Project Duration |
| FMCG MNC | 3.2x | Packaged Foods | MNC | Professional | 250-500 | $100-$250 million | 2 months |
About The Company
Nutriland is an $80 million FMCG multinational corporation that started operations in 2012 after acquiring Wockhardt Group’s nutrition division.
Practus’ Role in Performance Improvement
- Practus began by conducting a one-month diagnostic, followed by the model building phase:
- Sessions with the HOD’s designated Single Point of Contact (SPOCs) to gain a thorough understanding of the present forecasting process and templates.
- The “approach paper” was presented with timelines based on the preceding pointers.
- Developing the Excel templates’ structure.
- The SPOCs/HODs and the F&A team sign off on the structure model being built, utilizing the agreed-upon structure.
- SPOCs and the F&A team conduct testing and interim reviews.
- HODs and the CFO sign off on the final version.
Impact Delivered in Performance Improvement
- Completed alignment on how the company performance will be budgeted and assessed (variables and business drivers), as well as establishing a clear decision-making structure.
- The model with driver-based planning and scenario management provided improved visibility and monitoring capabilities.