Car Parts Cycle Count and Wall-to-Wall Count to Update Stock On-Hand File
Case Study
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Customer
Asset Management Company
Sector
Historical
A company that provides consulting services and develops software for corporate asset management and appraisal required the support of RGIS. The company was founded in 1952 and comprises of companies operating in United States, Latin America and Europe helping more than 2000 companies in over 42 countries in all five continents.
THE CHALLENGE
The customer required RGIS to provide the following:
- Identify assets that had no tags
- To be completed in short time frame of 15 days
- To use the asset management company’s equipment
- Update existing asset register
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Why RGIS?
The asset management company needed a solution to support a customer that required an accurate fixed asset inventory.
Our Solutions
The asset management company partnered with RGIS to complete the fixed asset count and tag project, and RGIS provided the following:
Scheduled a team of three RGIS experienced auditors for 15 days, on nine hour shifts per day
RGIS auditors were fully trained on using the customer’s equipment
Fixed assets counted included: furniture, office equipment, communication items and IT devices
Tags checked
Added tags to items that did not have asset tags
Updated the existing asset register
Results
The asset management company found by outsourcing the fixed asset count and tag project to RGIS, the following results were achieved:
All assets were validated and accounted for
The asset register was updated
The fixed asset inventory was completed within the short time frame requested by the customer
Conclusion
By partnering with RGIS, the asset management company successfully delivered a complete and validated fixed asset inventory within the demanding 15-day timeframe. All assets were identified, untagged items were located and labelled, and the existing asset register was accurately updated using the customer’s own equipment and systems. The structured approach and disciplined execution ensured full asset visibility, strengthened data integrity, and provided the end customer with a reliable and up-to-date fixed asset record to support ongoing financial control and governance.
