Implementing a reporting strategy for Vikram Ispat

The Challenge:
Vikram Ispat, the sponge iron manufacturing venture of one of India’s leading business groups, engaged Bristlecone to help address its reporting requirements. Bristlecone was asked to define a complete reporting strategy for the client and determine Measures of Performance (MoP) in areas such as Sales, Inventory, Accounting, Purchase etc that were to be tracked. A unique challenge was the creation of the complex Chairman’s report whose format was predefined and unchangeable.

The Solution:
Bristlecone’s solution was:
     > The definition of the reporting strategy based on exhaustive         workshops with users across the organization
     > Identification of 125 MoPs across functional areas after         discussions with stakeholders across the company
     > Definition of reporting requirements and reports
     > Development of a special report compilation tool for the creation of         the Chairman’s report

The Benefits:
     > MoPs defined for various functions
     > Reporting strategy and requirements aligned with MoPs to enable         performance tracking