- Yearly Revision of Standard Cost –
- Preparation, working & release
- Regular checking & ensuring availability of all standard cost to record material movement properly.
- Variance Analysis Standard vs Actual
- Preparation of Variance Reconciliation Report
- Checking &
- Clearing GRIR on Regular basis
- Checking COGI, Backlogs including sub-con material & follow up with production department for clearing on time
- Analysis &
- Settlement of Key In &
- OS&D;, Scrap Variance &
- PDI Settlement
- Absorption/Settlement of Retro Impact
- WIP Calculation, variance computation & settlement
- Analysis of actual material consumption versus theoretical consumption on continuous basis to bring control & accuracy in material cost booking
- Preparation of Other reports as per management requirement
- Assist in the year-end audit process by providing necessary documentation and explanations related to inventory.
- Inventory Ageing reports

Standard Cost preparation, Clearing GRIR, Variance Analysis Standard vs Actuals

📌 Inventory Management (Penukonda)
🏢 Kia India
📍 Penukonda