Virtuso Verifica (I) Pvt Ltd is fully owned and controlled subsidiary of NHBS LLP. This company has commenced its operations from April, 2017. The Purpose to evolve new entity is to extend our work in the field of “Inventory management with analytics” , “Root Cause Analysis”, “Process Assurance Audits” and enhancing the “Fixed Assets Management” in business.
V2IPL is India’s leading stocktaking service provider, serves beyond the count that includes physical stock counts, fixed asset management & SOP Audits. Use of proprietary technology, refined processes, and skilled workforce makes us different from our competitors to provide verification services to India’s most renowned retailers & International retailers as well, operating in the country.
We perform services across retail , Supply Chain & Logistic , manufacturing ,Telecom, IT & ITES, Highly Sensitive Data Centres & BFSI and have been providing the accurate, efficient, onsite counts needed by esteemed clients.
We conduct over 15,000+ audits annually from large MNC’s as well as SME units, using the latest hand-held technology (HHT) scanners, managing reports and data through IT-enabled software to Verify over 450+ millions items.
Retail
FMCG
Manufacturing
Data Centre
Automotive
Health Care
Telecom
Over 15,000 Inventory Audits
100+ warehouse audits – including manual or fully automated warehouses with leading edge Warehouse Management Systems (WMS) technologies
Perform Fixed Assets verification for over 5,600 sites
Undertake stock count for sites ranging from 100 to 3 lakh+ sq ft in area
Undertake stock count for sites having inventories from 500 pcs to 35,00,000 pcs
Our clients range from large national chains to small proprietary units
For over 57 Clients, we deliver customized Inventory counting services and manage end-to-end activities from design to implementation
Plan, conduct and manage wall-to-wall stock takes at all client locations
Plan, conduct and manage cycle count taken at desired frequencies
Variance Discussion
Robust Reconciliation Process
Recommend improvements in inventory control processes
Review of SOPs and guidelines for gaps, if any
Identify control gaps, redundant processes and recommendations for improvement
Audit areas such as Inventory transactions, Cash and bank transactions, Sales accounting, Store management, Statutory compliance
Identify control gaps and recommend solutions
Creation / Re-Creation of FAR
Tag, count and value all fixed assets
Perform periodic fixed assets audit
Reconciliation
Lifecycle Management of Fixed Assets - Procurement to retirement
Identify and recommend measures to improve operational controls and processes
Review of SOPs and guidelines for gaps, if any
Identify control gaps and redundant processes. Recommend measures to improve
Audit areas such as- Sales & Credit Card Operations, Gift Vouchers, Credit notes & Cash Refunds, Petty cash, Deleted, Suspended, Manual Discounts and Employee Discounts, Exchange and Alteration of Merchandise, Stock Transfer and Negative Stock, Damages, Shrinkage, PI and Scrap Sale, Safety, Health and Environment, Security, Admin & Statutory compliance, H R Activities
Analysis & report Submission
Identify control gaps and recommend solutions
Anonymous Audit is the practice of using trained shoppers to evaluate, incognito, customer service, operations, and product quality
It is used to measure quality of service or gather specific information about products and services offer to customer
Developing a Program & Designing questionnaire
Audit & report Submission
Result with recommend & solution
Take an informed decision.
Increase sales
Improve book stock accuracy
Scheduling flexibility
Stores can concentrate on core activity i.e, selling
Reduced shrinkage & Increased profitability
No capital investment for hand held technology
Refined and customized process
State of the art knowhow and technology
Improved customer satisfaction
Independent and unbiased reporting
Least disruption to business and their customers
The NHBS LLP Inventory Audit team undertook store inventory audit for BIBA, which was being outsourced for the first time. The team had a strong commitment to the project, and as the project evolved, they were able to adapt to the requirements quickly.
NHBS LLP is associated with us for a couple of years. Adherance to Schedule & On time Qualitative completion of Wall to Wall Physical Inventory Count at Stores is highly commendable.
Thanks to the NHBS LLP Audit team, we have been able to establish the accuracy, speed and quality of stock takes and also the discipline over the shrinkage control.
A one-stop Business Services provider driven by a talented and experienced team enabled by Technology Solutions.
