Food & Beverage

Overview

Power and utilities companies around the world face the Food and beverage industry is a dominant force in Kuwait and the Gulf region in general where dining, catering and entertaining is a huge part of the culture. For many generations, life in Kuwait – like much of the Arab world – has traditionally been centered around hospitality, the food and refreshments Kuwaitis consume with their peers and family.e triple challenge of improving environmental performance, keeping consumers’ costs down and maintaining system reliability.

Kuwait has witnessed the fastest growth in food consumption rates amongst other GCC states with a rate of 5.5 %. This rate is expected to grow even more in view of the growing GDP and the expected growth over the next four years as well as prediction of economic growth until 2022 by 3 percent.

Our team is ready to develop practical approaches to the assurance, advisory, transactions and finance-related issues you face..

Advisory

1- Organizational Modeling and Business Process Improvement

We will investigate your current organizational structure and business processes and identify any areas for improvement in your business processes. In so doing we would review the following with ensuring that the business meets best practice models:

1. - Products and Distribution Channels.
  - Business Processes.
  - KPI and Performance Evaluation.
  - IT System Architecture.

2- Supply Chain Management and Logistics

Leading organizations are increasingly looking at improving the performance of their supply chains to reduce cost, increase revenue and most importantly, increase shareholder and customer value. At Johar Audit we help to improve supply chain management issues in the following areas:

- - Supply Chain Model Review.
  - Analysis of Procurement Procedures.
  - Sales and Distribution.
  - Storage and Logistics Management.

3- Profitability and Cost Efficiency

In any business, cost optimization is crucial to ensuring that companies are able to deliver products at the right price point in a manner that ensures an effective return for its owners. In an industry where supply chain costs are high, but the price of products low, this is even more important than normal. At Johar Audit, we can help you with the following:

- - Cost analysis.
  - Performance evaluations.
  - KPI monitoring and implementation.

4- Working Capital Optimization

Maintaining adequate and efficient levels of working capital are key to the ongoing success of any company operating in the agribusiness sector. At Johar Audit, we can help you with the following aspects of Working Capital:

- Reduce Inventory Levels
- Improve Accounts Payable

Assurance

Strong independent assurance provides critical information for investors and other stakeholders, a robust and clear perspective to audit committees and timely and constructive input to management.

The quality of our audit begins with our assurance professionals, who have experience in food and beverage field. We assemble the right team to address the most complex issues, using a proven global methodology and the latest high-quality auditing tools and perspectives.

Our assurance services include:

Independent audit of financial statements.
Assistance with the adoption and implementation of new accounting standards.
Internal control compliance and reporting.
Assistance with mergers and acquisitions, including due diligence.
Financial accounting advisory services.
Performance of agreed upon procedures and related reporting.

Transaction Advisory services

We work with you to evaluate opportunities, make your transactions more efficient and achieve your strategic goals. Whatever the size, nature or location of your company — and your deals — we can play a critical role throughout the deal lifecycle.

Let us help you determine the true value of an asset, set up the right business and execute the deal. We combine proven practices and consistent methodologies with fresh thinking, giving you the advice you need to make informed decisions, mitigate risk and achieve a successful outcome.

We work with: