Retail Store Inventory to Update Stock on Hand Quantities

REQUIREMENTS
The fashion retailer completed in-house inventories, but were having difficulty completing all stores within the required time-frame, so came to RGIS for assistance. The retailer needed RGIS to complete an inventory of selected retail stores throughout Queensland and New South Wales in Australia, and provide the following:

• All 60 retail store inventories to be completed within a short time frame
• Provide variance reports for checking after initial counts
• Provide accurate data to update stock on hand quantities

SOLUTION
The fashion retailer partnered with RGIS to complete the retail store inventory project,
and RGIS provided the following:

• RGIS obtained the list of stores which the retailer needed assistance with, and District Managers provided suitable dates to which the customer agreed
• A full product master file was obtained from the customer which had all current stock lines
• A stock on hand file for each store was also provided in order to create variance reports for the customer
• Scheduled teams of District Managers, Supervisors and a total 477 experienced RGIS auditors to count all 60 retail stores

RESULTS
The fashion retailer found by outsourcing the retail store inventory project to RGIS, the following results were achieved:

• Accurately counted 890,000 units across all 60 stores
• Once RGIS had completed the initial count, a variance report was generated by RGIS indicating any differences between the expected stock on hand to that just counted by RGIS auditors
• Results and reports were supplied back to the customer so that they could update the POS with current and accurate stock on hand quantities
• The retailer was able to achieve their goal of completing all inventories before the end of June deadline
• The customer was very happy with the outcome, and know that they can count on RGIS to assist with any inventory services in the future