- 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