Highlights
Pixystems Toys Information
Pixystems Toys is a leading manufacturer and distributor of children’s toys across the globe through third-party distributors (non-company owned stores) and through their flagship store located in New York. The company is headquartered in Cleveland, Ohio, and has manufacturing locations in Brazil, China, Mexico, and across the United States. Product development is also done in Cleveland with new products released every six months. The majority of the toys manufactured by Pixystems are top sellers that are sellouts during holidays. Some of their most well-known products include toy cars, plush dolls, and electronic games.
The company does all back-office processing at their headquarters where they have shared service centres for accounts payable (AP), payroll, and inventory management. These shared service centres handle the processing of transactions related to these processes across the globe driving a consistent process and controls. Customer sales are managed at the flagship store by the local sales team while online sales and sales to distributors are handled at headquarters.
Pixystems recently hired a new CFO who is focused on improving the financial performance of Pixystems and improving operational efficiency in AP, payroll, inventory, and sales. She has challenged each of the managers of these business processes to identify areas for improvement and quickly address errors. Internal audit has also been working closely with the CFO, managers, and external auditors to identify control gaps, areas of non-compliance, and operational efficiencies.
The CFO has also engaged your team to review these business processes using Pixystems’ data and performing analytics. She would like you to make any necessary recommendations, identify data issues, and provide her and the managers with insights gained through your analytics.
Assignment Details:
You will work with your team and leverage the data provided by Pixystems (see the Data Overview above for a high-level explanation of data provided) and information obtained from the CFO to identify areas for financial and operational improvement, address issues and errors found in processing or data, and confirm the information that the CFO shared with your team. To do this your group must create analytics that will assess the validity of data and provide the insight with the CFO is looking for.
You will meet again with the CFO on 13 Oct 2019 to deliver your results. She is expecting that you have a Tableau visualization representing the analytical procedures you performed and the assumptions you made. You will have 10 mins minutes to present this visualization, assumptions made, and recommendations. Each member of your group must have an active speaking role within the presentation.
You will also prepare a final report outlining the following:
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