A recognized leader in online government surplus equipment auctions, with two central US warehousing locations.
Following acquisition from a publicly traded company, the lack of inventory processes led to large discrepancies between system and physical inventory reports. A significant portion of the inventory was experiencing location-control issues resulting in poor inventory accuracy and working capital problems. As a public company, the deficiencies uncovered also risked SOX compliance in their controls environment.
TPG identified the 34 projects across 8 programs to be executed over inventory and resource management that were necessary to allow the business to scale as required:
TPG worked together with the client to increase inventory accuracy, re-implementing SOX compliant location controls and transaction controls, and a cycle count program to sustain the following results:
Figure 1: Inaccurate Inventory
Count (millions $USD)