Department stores
11
Auditors
25 to 30
Months
2
A multinational professional services network, operating in 147 countries, required the support of RGIS. The professional services network collectively employs more than 219,000 people, serving the needs of businesses, governments, public-sector agencies, not-for-profits and through member firms’ audit and assurance practices, the capital markets. Offering three lines of services: financial audit, tax, and advisory.
THE CHALLENGE
The professional services network needed to count the liquidated stock within department stores, that had to close its operations, so required RGIS to provide the following:
- Count a total of 11 department stores
- Wall-to-wall counts of each department in all stores
- Complete the project within a tight time frame
- Reporting to include barcode and quantity
Sectors
Why RGIS?
Appointed to manage a complex and urgent court-ordered liquidation case, the customer sought the assistance of a service provider capable of conducting an accurate inventory of all stock across several department stores before their permanent closure.
Our Solutions
The professional services network partnered with RGIS to complete the department store liquidated stock count project, and provided the following:
Scheduled a team of 25 to 30 experienced RGIS auditors per store
RGIS team worked closely with the professional services network team
Scanned stock in each department within each department store
Reported stock quantities, barcodes and department
Results
The professional services network found by outsourcing the department store liquidated stock count project to RGIS, the following results were achieved:
All department stores were accurately counted within two months
The customer received the reporting in the format requested
Conclusion
By partnering with RGIS to conduct comprehensive liquidation counts across multiple department stores, the professional services network was able to complete all store counts accurately and within the required timeframe, providing detailed, barcode-level reporting in the format requested. This reliable execution enabled clear visibility into stock levels following store closures and supported the client’s broader audit and assurance objectives with minimal internal resource strain.
