Topographic Audit of Fertiliser Silos with Inventory of Stores, Distribution Centres and Factories
Case Study
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Verified
10%
Items scanned individually
AQ
One item of group scanned
MQ
Customer
Advisory, Lending and Investment Company
Sector
Historical
An advisory, lending and investment company work with business owners, investors, and operators to help them move forward through change. With services in valuations, dispositions, operations and investments the company provide rapid solutions and reliable outcomes for clients at all points in the business life-cycle. Whether to fuel growth or facilitate strategic consolidation, working across industries and around the world to put assets to their highest and best use.
THE CHALLENGE
The advisory, lending and investment company needed a stock count completed to confirm stock numbers after the retailer filed for administration, so required RGIS to provide the following:
- Validate the process and accuracy of an external third party count
- To understand, check and report on the process
- Accuracy verification of third party counting
- Record any errors
Why RGIS?
Companies use RGIS to audit third-party stock counts to obtain independent verification of accuracy, process quality, and compliance. This objective oversight identifies errors, validates results, and provides confidence in inventory data used for financial and operational decisions.
Our Solutions
The advisory, lending and investment company partnered with RGIS to complete the stock count validation of process and accuracy project, and provided the following:
RGIS experienced auditors shadowed the third party staff as the count proceeded in order to understand, check and report on the thoroughness of the process, as well as record any errors
Verified a minimum of 10% of all areas
Additional random checks in store for accuracy
Communicated every 30-45 minutes with the Store Manager or Inventory Lead as to progress, verification accuracy and percentage of completeness
Noted whether the areas were counted as either: Auto Quantity (AQ) – all items scanned individually or Multi-Quantity (MQ) – one item of a group scanned and a quantity entered
Inventory Assessment Forms using objective scoring and constructive commentary
Results
The advisory, lending and investment company found by outsourcing the stock count validation of process and accuracy project to RGIS, the following results were achieved:
Stock count was completed
All errors were recorded to ensure maximum accuracy
The customer had accurate reporting of all stock in each store
Conclusion
By partnering with RGIS to independently validate the stock count process, the advisory, lending and investment company gained objective assurance over the accuracy and integrity of inventory data following administration. RGIS’s structured verification, real-time oversight, and detailed reporting identified errors and confirmed counting quality. As a result, the customer obtained reliable stock figures and the confidence required to support financial and commercial decision-making.
