GAP | Risk |
No Process to intimate the material requirements for contractors to site engineers for the next month in advance | Delays in work initiation & completion by contractors |
No Document Format to request requirement of materials by contractors to site engineers | No records & audit trail is created for actual quantity of material requested by contractors to perform the job. |
Approval matrix for timeliness of indenting process needs to be defined | Less accountability Results to delay in work and procurement |
Reduction of Timeliness on indent approval process | Delays in approvals Delays in work initiation & completion results in incurring higher finance costs on borrowed funds |
Tolerance % not defined in Material Master | The system will not be able to calculate rejections Vendor Evaluation could not be performed |
Timeliness for the closing of open Indent in In4Suite not defined | Results in procurement against open indents |
System does not capture date of approval of Indent by Site Head in the Manual Register | Key KPI of delay in preparing indent by inventory team cannot be calculated |
