Third Party Distribution Centre Inventory Count for Better Stock Control
Case Study
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Units
509,453
SKU's
5,392
Bin locations
1,623
Customer
Fishing Accessory Manufacturer
Sector
Industrial
A manufacturer and distributor of fishing accessories since 1936 required the support of RGIS. The manufacturer’s lures, knives, tools and accessories are trusted by fishermen in over 140 countries worldwide.
THE CHALLENGE
The fishing accessory manufacturer needed a solution to provide an accurate count of inventory held within a third party logistics (3PL) warehouse, to give better inventory control and monitoring of the stock.
The manufacturer required RGIS to provide the following:
- Count all the stock held by the 3PL
- To update on hand inventory file which was inaccurate
- Identify variances between on hand inventory file and inventory counted
- Types of items to be counted included fishing reels, hooks, swivels and sinkers etc.
Sectors
Why RGIS?
Customers rely on RGIS for third-party distribution centre inventory counts because our independent, accurate verification strengthens stock integrity, reduces discrepancies, and ensures confidence between suppliers, operators, and end clients.
Our Solutions
The fishing accessory manufacturer partnered with RGIS to complete the 3PL inventory warehouse count project, and provided the following:
Scheduled a team of 30 experienced RGIS auditors for three days
Bulk count was completed for the sealed boxes counted by using the quantity on the box
Open boxes had the individual items counted
Checked counted quantity against expected quantity to give a variance number
Results
The fishing accessory manufacturer found by outsourcing the 3PL inventory warehouse count project to RGIS, the following results were achieved:
Variance in units decreased from 50,141 to 6,768 at the end of the project
A total of 509,453 units counted
With a total of 5,392 SKUs and 1,623 bin locations counted
A significant improvement in expected on hand inventory accuracy
Conclusion
The fishing accessory manufacturer found by outsourcing the 3PL inventory warehouse count project to RGIS a significant improvement in expected on hand inventory accuracy.
