Supermarket Inventory to Identify Shrinkage Levels
Sainsbury’s is one of the largest food retailers and have over 1100 stores in the United Kingdom, with 90,000+ products available to customers. One of the UK’s leading retailers across food, clothing, general merchandise and financial services.
REQUIREMENT
Sainsbury’s needed to partner with a reliable stocktaking company because they:
- Needed to understand the shrinkage levels
- Required accuracy of all data collection
- Wanted a strategic plan for compliance across all stores
- Needed an impartial and verifiable stocktake of all stock
SOLUTION
Sainsbury’s decided to partner with RGIS to complete stocktaking across all stores nationwide. The requirements were as follows:
- Stocktake to cover all 1100+ stores
- Store level staff were required to be educated in stock preparation and data management methods
- Identify how to reduce product shrinkage
- Product reports needed to be generated in real time
- Analysis of both stock rooms and sales floors were required
RESULTS
Sainsbury’s with 1100+ stores found that by outsourcing the store stocktaking to RGIS, the customer achieved the following:
- All 1100+ stores were counted
- Acquired accurate real time reports of stock shrinkage by region, store, department and product
- Sainsbury’s was ranked number one consistently in ‘Best Product Availability’ in The Grocer Magazine
- Accounted for £2 billion in stock over the course of 1,500 stocktakes every year
- Sainsbury’s increased profitability through less shrinkage and heightened sales