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 […]
Bar Codes and UPC’s have become a part of everyday life, from scanning product through customer checkout systems and assisting in warehousing shipment logistics to scanning product back end and front end, ensuring complete, accurate ordering and receiving. This simple mark on your soup cans has provided tremendous advantages necessary for today’s successful and profitable […]
It’s a grocery store’s dream—the “dump bin”. Set up a barrel, fill it with mixed product, attach a splashy sign screaming an unbeatable sale price and watch the customers buy, buy, buy. It’s an inventory auditor’s nightmare—the “dump bin”. There’s no way to organize the different flavors within the bin, so as they work through […]
Non-Flavor UPC UPC Non-Flavor level inventories are generally used by the retailer to gain proper departmentalization/categorization and/or price capturing. This is dependent on what the retailer can provide the inventory service with on the validation file provided to complete the inventory. Any detail provided on the validation file can be extracted by the PICS program […]
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 […]
It’s been called “a necessary evil”. Employees don’t like it, management doesn’t like it. Talk about boring! Who wants to count every single item in an entire store? Yet it’s a reality that every business faces, usually at year’s end. It means everyone either has to get up exceptionally early to get to work well […]
You don’t just send a group of people into your store and have them start counting stuff until they’re done. You need a plan. Every good plan starts with a Map. First your store is broken up into Areas. For example, in a smaller store each gondola and wall might be its own separate Area. […]
Which Inventory Count Method is the Best Solution for your Business? For a Financial count, a counter starts with the first unique price on the top shelf at the start of a gondola. The number of units and price of that item is entered into an Inventory Machine. Repeat for each unique price until that […]
PICS Unveils Our New Blog for 2014 Happy New Year! These are exciting times for Phyle Inventory Control Specialists (a.k.a. PICS Inventory) as we roll out a new website and a new blog. This is our first posting—glad to have you along! Over the years to come we will be posting on a wide range […]