In a strategic initiative, AdvanceWorks collaborates with a renowned Japanese multinational leader in consumer-packaged goods to streamline portfolio, program and project management. This effort is aimed at prioritizing budget allocation and resource management to reduce costs associated with a pool of 500 ongoing projects across different global zones.
Beyond cost reduction goals, this collaboration anticipates transformative impacts. Efficient portfolio management promises the optimization operations, minimizing redundancies and elevating overall organizational efficiency.
Furthermore, efficient portfolio management positions companies for informed decision-making, using comprehensive reporting and standardized governance.
Standardized global practices are a key point for multinational corporations, ensuring operational consistency and cultivating a continuous improvement culture heralding a sustained success in a dynamic business landscape.

Team Collaboration

A collaborative effort involving 20 professionals was deployed, with AdvanceWorks contributing a Project Management Office (PMO) professional overseeing the monitoring and control of processes.

Goals Achieved

The main goals for this project were:

Implement measures to prevent new non-conformances in future audits, ensuring sustained compliance with Spanish financial regulations.

Develop automated processes for calculating profit margins with distributors, streamlining and improving accuracy in financial calculations.

Introduce automation into compliance control processes, reducing manual efforts and enhancing accuracy in adherence to regulatory standards.

Achieve a reduction in the risk rate during inspections, measured against predefined Key Performance Indicators (KPIs).

Results
The collaborative effort yielded significant advancements in compliance and operational efficiency. Human resources are now aligned with the company’s risk profile, operating in accordance with the established project processes. This alignment ensures a proactive approach to risk management and enhances overall operational resilience. Additionally, the implementation of automated processes led to a noticeable reduction in operational costs, further contributing to the company’s financial health and sustainability.

Next Steps

Moving forward, AdvanceWorks will focus on continuous improvement. This involves refining automated processes, incorporating feedback from audits (internal or external) and further optimizing compliance controls. The ongoing collaboration also aims to sustain and build upon the achieved results, ensuring long-term compliance, efficiency and a proactive approach to future audits.