Improving Inventory Management for Aviation Parts with Advanced Vision OCR Technology
Case Study
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A vitamin and nutrition retailer, required RGIS to complete compliance audits after stocktaking, due to internal anomalies. The customer was also concerned about escalating costs of having an internal audit team.
THE CHALLENGE
The vitamin and nutrition retailer required a compliance audit of variances completed by a third party after stocktakes. The customer’s requirements were:
- To work with the store manager to confirm variances
- Identify the reasons for variances
- Complete supporting documents of variances
- Remove fixed cost and travel expenses of the internal team
Why RGIS?
A vitamin and nutrition retailer, required RGIS to complete compliance audits after stocktaking, due to internal anomalies. The customer was also concerned about escalating costs of having an internal audit team.
Our Solutions
The vitamin and nutrition retailer partnered with RGIS to complete the following:
RGIS auditors were certified by the retailer
Experienced team of 40 RGIS auditors performed the compliance audits
Provided six inventory cycles and audits per year to all stores
Formal document signed by store manager to confirm variances
Results
The vitamin and nutrition retailer found by outsourcing the compliance audits to RGIS the following was achieved:
Results loaded to the customer's Enterprise Resource Planning (ERP) software in store
Enabled the customer to utilise the internal team of 50 people in other roles
Higher accuracy results
Conclusion
Saved money on all associated costs of the internal team. Eliminated internal anomalies that they had prior to working with RGIS.
