It may seem that using two inventory services would mean double the trouble, twice the work, or that it would needlessly complicate a process that’s already complicated enough. However, there are real benefits to using two vendors: 1. Scheduling flexibility. Improved chances of receiving the dates you want, not what the service can give you. […]
Large vs. Small 3rd Party Physical Inventory Services The inventory industry is basically two dimensional. On the one hand, there are a couple of huge international companies which are well established with offices throughout the United States and all over the world. On the other hand, there are regional companies with concentrations in certain areas […]
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 […]
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. […]
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 […]
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, […]