Inventory discrepancies are more than just operational hiccupsโthey’re a gateway to financial losses, inefficiencies, and compromised decision-making. For inventory control heads and loss prevention managers, reconciling inventory data with physical stock is not just a routine task; it’s a strategic priority.
At ๐ง๐ต๐ฒ ๐๐๐๐, we specialize in inventory audits that address these critical challenges. With a proven methodology that combines precision, technology, and expertise, we help businesses achieve accurate inventory reconciliation, ensuring operations remain secure, efficient, and compliant.
๐ง๐ต๐ฒ ๐๐ต๐ฎ๐น๐น๐ฒ๐ป๐ด๐ฒ: ๐ช๐ต๐ ๐๐ผ ๐๐ถ๐๐ฐ๐ฟ๐ฒ๐ฝ๐ฎ๐ป๐ฐ๐ถ๐ฒ๐ ๐๐ฟ๐ถ๐๐ฒ?
Even in highly automated environments, inventory discrepancies remain a persistent challenge. Common causes include:
๐ฃ๐ต๐๐๐ถ๐ฐ๐ฎ๐น ๐ง๐ต๐ฒ๐ณ๐: Unaccounted stock loss due to internal or external theft.
๐๐ฎ๐๐ฎ ๐๐ป๐๐ฟ๐ ๐๐ฟ๐ฟ๐ผ๐ฟ๐: Manual inaccuracies during stock movement or transaction logging.
๐ฆ๐๐๐๐ฒ๐บ๐ถ๐ฐ ๐๐๐๐๐ฒ๐: Misaligned inventory systems or failure to update data in real-time.
๐๐ฎ๐บ๐ฎ๐ด๐ฒ๐ฑ ๐ผ๐ฟ ๐ ๐ถ๐๐ฝ๐น๐ฎ๐ฐ๐ฒ๐ฑ ๐ฆ๐๐ผ๐ฐ๐ธ:Items lost due to poor storage practices or transportation mishaps.
These discrepancies don’t just affect stock levelsโthey lead to lost sales, higher holding costs, and operational inefficiencies.
๐ง๐ต๐ฒ ๐ฅ๐ผ๐น๐ฒ ๐ผ๐ณ ๐ฅ๐ฒ๐ฐ๐ผ๐ป๐ฐ๐ถ๐น๐ถ๐ฎ๐๐ถ๐ผ๐ป ๐ฎ๐ป๐ฑ ๐๐ผ๐ป๐ฐ๐ถ๐น๐ถ๐ฎ๐๐ถ๐ผ๐ป ๐ถ๐ป ๐๐ผ๐๐ ๐ฃ๐ฟ๐ฒ๐๐ฒ๐ป๐๐ถ๐ผ๐ป
Inventory reconciliation compares physical stock counts with system records, identifying variances and their root causes. Conciliation, on the other hand, bridges gaps by ensuring discrepancies are addressed systematically.
๐๐ฒ๐ ๐๐ฒ๐ป๐ฒ๐ณ๐ถ๐๐:
๐ข๐ฝ๐ฒ๐ฟ๐ฎ๐๐ถ๐ผ๐ป๐ฎ๐น ๐๐ฐ๐ฐ๐๐ฟ๐ฎ๐ฐ๐:
Reconciliation ensures real-time visibility into stock levels, helping businesses avoid overstocking or stockouts.
๐๐ผ๐๐ ๐ ๐ถ๐๐ถ๐ด๐ฎ๐๐ถ๐ผ๐ป:
Identifying and addressing variances minimizes financial leaks due to shrinkage or misplaced goods.
๐๐ฎ๐๐ฎ-๐๐ฟ๐ถ๐๐ฒ๐ป ๐๐ฒ๐ฐ๐ถ๐๐ถ๐ผ๐ป ๐ ๐ฎ๐ธ๐ถ๐ป๐ด:
Accurate inventory data provides a reliable foundation for procurement, sales forecasting, and strategic planning.
๐๐๐๐’๐ ๐๐ฝ๐ฝ๐ฟ๐ผ๐ฎ๐ฐ๐ต ๐๐ผ ๐๐ป๐๐ฒ๐ป๐๐ผ๐ฟ๐ ๐ฅ๐ฒ๐ฐ๐ผ๐ป๐ฐ๐ถ๐น๐ถ๐ฎ๐๐ถ๐ผ๐ป
At KGAC, we transform inventory reconciliation into a strategic advantage by leveraging advanced auditing practices. Here’s how:
๐๐ผ๐บ๐ฝ๐ฟ๐ฒ๐ต๐ฒ๐ป๐๐ถ๐๐ฒ ๐ฃ๐ต๐๐๐ถ๐ฐ๐ฎ๐น ๐ฆ๐๐ผ๐ฐ๐ธ ๐๐๐ฑ๐ถ๐๐
๐ ๐ฒ๐๐ต๐ผ๐ฑ๐ผ๐น๐ผ๐ด๐: Our audits involve detailed floor walks, global counts, and
barcode scanning to ensure every item is accounted for.
๐ฉ๐ฎ๐ฟ๐ถ๐ฎ๐ป๐ฐ๐ฒ ๐๐ฑ๐ฒ๐ป๐๐ถ๐ณ๐ถ๐ฐ๐ฎ๐๐ถ๐ผ๐ป ๐ฎ๐ป๐ฑ ๐ฅ๐ฒ๐๐ผ๐น๐๐๐ถ๐ผ๐ป
๐ฃ๐ฟ๐ผ๐ฐ๐ฒ๐๐:
โ Compare system records with physical stock counts (GC vs. SC checks).
โ Flag variances for immediate investigation.
โ Collaborate with stakeholders to validate and resolve discrepancies.
๐๐ฎ๐๐ฎ ๐๐ฐ๐ฐ๐๐ฟ๐ฎ๐ฐ๐ ๐ฎ๐ป๐ฑ ๐ฆ๐ฎ๐บ๐ฝ๐น๐ฒ ๐๐ต๐ฒ๐ฐ๐ธ๐
๐ค๐๐ฎ๐น๐ถ๐๐ ๐๐๐๐๐ฟ๐ฎ๐ป๐ฐ๐ฒ:
โ Conduct sample checks to validate scanned data accuracy.
โ Ensure data accuracy exceeds 95% for consistent operational efficiency.
๐๐บ๐ฝ๐ฎ๐ฐ๐: Regular audits help maintain system reliability, fostering trust across departments.
๐ง๐ต๐ฒ ๐๐๐๐ ๐๐ฑ๐๐ฎ๐ป๐๐ฎ๐ด๐ฒ: ๐ช๐ต๐ ๐ฃ๐ฎ๐ฟ๐๐ป๐ฒ๐ฟ ๐๐ถ๐๐ต ๐จ๐?
๐ฃ๐ฟ๐ผ๐๐ฒ๐ป ๐๐
๐ฝ๐ฒ๐ฟ๐๐ถ๐๐ฒ:
Our auditors bring decades of experience across industries, ensuring robust processes tailored to your unique challenges.
๐๐ฐ๐๐ถ๐ผ๐ป๐ฎ๐ฏ๐น๐ฒ ๐๐ป๐๐ถ๐ด๐ต๐๐:
Beyond identifying discrepancies, we provide clear, actionable recommendations to address root causes and enhance inventory accuracy.
๐ฆ๐ฐ๐ฎ๐น๐ฎ๐ฏ๐น๐ฒ ๐ฆ๐ฒ๐ฟ๐๐ถ๐ฐ๐ฒ๐:
Whether auditing a single location or a multi-warehouse operation, KGAC adapts its approach to meet your business needs.
๐๐ผ๐ป๐ฐ๐น๐๐๐ถ๐ผ๐ป: ๐๐ฟ๐ผ๐บ ๐๐ต๐ฎ๐น๐น๐ฒ๐ป๐ด๐ฒ๐ ๐๐ผ ๐ข๐ฝ๐ฝ๐ผ๐ฟ๐๐๐ป๐ถ๐๐ถ๐ฒ๐
Inventory reconciliation and conciliation are not just about preventing lossesโthey’re about unlocking operational efficiency and strategic growth. With๐ง๐ต๐ฒ ๐๐๐๐ as your trusted partner, you gain more than just accurate dataโyou gain insights that drive smarter decisions and safeguard your bottom line.
๐ง๐ฟ๐ฎ๐ป๐๐ณ๐ผ๐ฟ๐บ ๐๐ผ๐๐ฟ ๐ถ๐ป๐๐ฒ๐ป๐๐ผ๐ฟ๐ ๐ฝ๐ฟ๐ผ๐ฐ๐ฒ๐๐๐ฒ๐ ๐๐ถ๐๐ต ๐๐๐๐. ๐๐ฒ๐’๐ ๐๐ผ๐ฟ๐ธ ๐๐ผ๐ด๐ฒ๐๐ต๐ฒ๐ฟ ๐๐ผ ๐ฒ๐ป๐๐๐ฟ๐ฒ ๐ฒ๐๐ฒ๐ฟ๐ ๐ถ๐๐ฒ๐บ ๐ถ๐ป ๐๐ผ๐๐ฟ ๐๐ฎ๐ฟ๐ฒ๐ต๐ผ๐๐๐ฒ ๐ฎ๐ฑ๐ฑ๐ ๐๐ฎ๐น๐๐ฒ ๐๐ผ ๐๐ผ๐๐ฟ ๐ฏ๐๐๐ถ๐ป๐ฒ๐๐.