Stocktaking
08 August 2023
One of the advantages of having two independent companies conduct your stocktaking, is increased accuracy.
It also encourages innovation and service evolution as you gain knowledge from both providers to deliver a best-in-class solution.Having multiple companies involved increases accountability as each company is responsible for their own counts, it also leads to a healthy service and commercial competition between the providers.
Each stocktaking company may have different approaches and expertise in inventory management. You can benefit from their unique perspectives and methodologies, potentially leading to a more comprehensive and accurate assessment of your inventory and challenging the status quo.
Conducting stocktaking is very time consuming. Using two companies simultaneously, can expedite the stocktaking process and reduce the overall time required to complete the task allowing greater scalability for business growth, more flexibility in the scheduling and more bandwidth.
If one stocktaking company encounters any issues or challenges, the second company acts as a backup, ensuring that the stocktaking is completed without any major disruptions and introduces a plan B.
It is important to note that the decision to use two stocktaking companies should be based on your specific business needs, budget, and the complexity of your inventory management.
To summarise, using dual suppliers means :-
• Greater scalability for business growth
• More scheduling flexibility
• More bandwidth when needed
• Encourages Innovation and service evolution
• Introduces a plan B
• Challenges the status quo
• Healthy commercial competition
• Healthy service competition – everyday
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- 10/09/2024 - Stocktaking is often viewed as an inescapable necessity, a burdensome means to an end without other gains.
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- 12/07/2024 - Pharmacy
- 16/05/2024 - Top Tips to Reduce Sales and Profit, Leaving Spare Time to Alienate Customers
- 22/03/2024 - The Bare Necessities of Stock Accuracy.
- 09/02/2024 - Dedication to Distribution
- 14/08/2023 - Iceland Case Study
- 07/07/2023 - Simplify Supply Chain Optimisation (S.C.O)
- 02/06/2023 - The Pharmacy Show
- 05/04/2023 - Stock Accuracy Forum
- 15/03/2023 - Retail Risk Podcast
