Posts Tagged ‘Physical Inventory Counts’
Full vs. Partial Inventory Counts
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…
Read MoreConverting from Financial to UPC counts
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…
Read MoreDump Bins — Oh no!
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…
Read MoreFull vs. Non-Flavored UPC Inventories
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…
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