The crew showed up, they started counting, they counted everything. What do you need at the end? Well, it depends on how they counted it! If it was a “Financial” count where just dollars and units were counted, you will want to see how much was counted in each Area (based on the location within […]
Typically when we talk about inventories it means a Full Inventory where a crew of auditors goes into a store, counts everything in that store, and goes home. The data is captured electronically and transmitted to the store IT department, numbers are evaluated, shrink is detected, and basically the store performs a “re-set” based on […]
Assessing shrink is probably the most talked-about reason for a physical inventory. If there is a high Unit shrink, it can likely mean problems with your supply chain. And if there are unit shortages at one store, then there are likely unit shortages in other stores within the region if they are serviced by the […]
Perhaps you’ve been in a grocery store and heard the chirping sounds of the audit machines during an inventory count. Now that the counting has begun, there should be verifications taking place. This can be done either electronically with verification machines, or with printed reports, which store personnel can use to review Areas or Sections. […]
Uncovering the Gains of Financial or Scan Inventory Count After the dust settles from the busy holiday shopping season, the last “50% Off Sale!” signs are taken down and all eyes are turned to the New Year, one of the first priorities becomes Physical Inventory. While perhaps not the most delightful experience in the world, […]