Baker Tilly’s client, a seafood distributor, recently opened a seafood processing plant. Dealing with frequent contradictions between the inventory floor count and its books, the distributor enlisted Baker Tilly to assist in evaluating the inventory process.
Baker Tilly’s team of industry specialists performed a full inventory process review. Through this comprehensive review, our team noted a variety of controls not properly in place and that inventory was not being properly tracked through the entire process. Our review also uncovered management, operational and financial controls that were misaligned.
Our team understands the distribution industry and how losing one day in the plant can throw off an entire chain of product distribution. With our help, the client was able to continue its day-to-day operations while Baker Tilly uncovered efficiencies and errors. After presenting recommendations to management, our team assisted in the implementation of controls and personnel evaluations that were noted during assessment.
For more information on this topic, or to learn how Baker Tilly specialists can help, contact our team.