Optimising Inventory Accuracy for Energy Management Company With Advanced Technology
Case Study
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Auditors
60
Variances
$879,000
Locations
Multiple
One of the largest alternative investment management companies that focuses on Latin American assets required the support of RGIS. The investment management company invests in several segments in Brazil: agribusiness, pharma, food sector, among others and sought RGIS as a partner to carry out its acquisition inventories in several sectors.
THE CHALLENGE
The investment management company needed experienced inventory associates that could simultaneously count multiple locations for an acquisition.
The investment management company required RGIS to provide the following:
- Simultaneous inventories at 10 different locations
- Pesticides and agricultural supplies to be counted
- Count, verify and report on 100% of the items
- Evidence to be provided of any expired or damaged products
Why RGIS?
Customers choose RGIS for pesticide inventories because our trained teams provide precise, compliant counts with accurate documentation, ensuring safe handling, regulatory adherence, and reliable stock visibility for controlled substances.
Our Solutions
The investment management company partnered with RGIS to complete the simultaneous acquisition inventories of multiple locations, and provided the following:
Photographs were taken of any expired or damaged products
All inventory count data was consolidated
Completed a sample audit of third-party products
Scheduled a team of 60 experienced RGIS auditors
No barcodes, so counts were completed by product codes
Results
The investment management company found by outsourcing the simultaneous acquisition inventories of multiple locations to RGIS, the following results were achieved:
Stock counted at all 10 locations with a financial value of over $15,350,000
100% of the items were accurately counted and audited to survey expired and/or damaged products
Stock variance value of $879,000 found
Identified all expired products which represented over $107,000
Conclusion
RGIS presented all financial and analytical reports which finalized the acquisition process.
