Inventory Variance Reporting

An electrical goods retailer with 12 retail outlets and a huge online shop selling over 16,500 product lines, required the support of RGIS.


The electrical goods retailer needed a stocktaking solution that would increase stock accuracy levels and give the variance of stock held.

The specialty retailer required RGIS to provide the following:

  • National coverage to be able to attend all stores
  • Experienced auditors with retail experience
  • Reporting that can combine stock counted, variance of stock and items not counted
  • To be completed during working hours with no disruption to business, staff or customers


The electrical goods retailer partnered with RGIS to complete the inventory variance project, and RGIS provided the following:

  • Worked closely with stores to confirm scheduling restrictions
  • Created a bespoke program for the customer, which was tested before rolling out to all stores
  • Regular contact with all store operations teams
  • Review of both stock/back room and sales floor preparation
  • Accuracy checks conducted at all counts


The electrical goods retailer found by outsourcing the inventory variance project to RGIS, the following results were achieved:

  • Reduced time previously spent on stocktaking by 50%
  • Accurate inventory results for all stores
  • In-house employees are no longer pulled away from regular sales tasks