• 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