Topographic Audit of Fertiliser Silos with Inventory of Stores, Distribution Centres and Factories
Case Study
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Auditors
4
Days
3
Warehouse
1
Customer
Advisory, Lending and Investment Company
Sector
Historical
An advisory, lending and investment company work with business owners, investors, and operators to help them move forward through change. With services in valuations, dispositions, operations and investments the company provide rapid solutions and reliable outcomes for clients at all points in the business life-cycle. Whether to fuel growth or facilitate strategic consolidation, working across industries and around the world to put assets to their highest and best use.
THE CHALLENGE
The customer required RGIS to provide the following:
- Complete the count within two weeks in order for the sale to proceed
- Count all stock which was in a third party logistics warehouse
- Assess all requirements in the warehouse prior to the stock count, due to Covid-19 restrictions
- Be prepared to count stock at high levels
Why RGIS?
The advisory, lending and investment company needed a solution to count stock, after an acquisition of stock from a company that had gone into administration within a third party warehouse.
Our Solutions
The advisory, lending and investment company partnered with RGIS to complete the acquisition stock count project, and provided the following:
Initial site visit was arranged to identify:
Health and safety issues
Stock at high levels
Built a bespoke program for the stock count
Scheduled four experienced RGIS auditors for three days
Utilised fork lifts on-site to access high level pallets
Results
The advisory, lending and investment company found by outsourcing the acquisition stock count project to RGIS, the following results were achieved:
A complete ground level count of all stock
Pallet count on high level stock
Spot checks on high pallets
Gave the customer confidence that the stock they were buying was actually onsite
Reporting provided with accurate data
Counts completed within tight time-frame given so the sale could proceed
Conclusion
By partnering with RGIS to complete the acquisition stock count under tight timelines and Covid-19 constraints, the advisory, lending and investment company achieved accurate, independent verification of inventory held within the third-party logistics warehouse. RGIS’s thorough pre-assessment, safe access to high-level stock, and bespoke counting approach delivered reliable reporting within the required timeframe. As a result, the customer gained confidence that the stock was physically on site and was able to proceed with the sale based on trusted inventory data.
