Retailers rely on accurate inventory to run their businesses smoothly. This case study explains how a global sportswear retailer improved its stock control using Ascentium Indonesia's stock-taking services.
Why is stocktaking important for retail?
Stocktaking, also known as physical inventory counting, is essential for retail success. It ensures that physical stock levels match system records, which leads to:
- Accurate inventory data for better decision-making
- Reduced stock shrinkage and losses
- Efficient operations with minimal disruptions
- Improved customer satisfaction through proper stock availability
Without proper stocktaking, retailers risk revenue loss and operational inefficiencies. This crucial aspect should not be overlooked.
Read more: Why automated stock-taking is beneficial for business
Challenges faced by retailers: What issues need to be solved?
The client, a leading sportswear retailer, conducts regular stock-taking to keep its physical stock aligned with system records. For global brands, stock accuracy is vital to supporting operational efficiency, preventing inventory shrinkage, and enabling data-driven business decisions.
However, despite these efforts, the retailer faced several issues:
Frequent Discrepancies
With Ascentium Indonesia's support, the retailer overcame these differences, bringing clarity and efficiency to their inventory management.
Limited Internal Manpower
The internal team did not have enough staff to handle stock counts across multiple store locations, leading to delays and errors.
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Manual Processes Prone to Errors
Manual counting increased the chance of mistakes and slowed the process, making it inefficient and unreliable.
How Ascentium Indonesia addresses issues with stocktaking
To solve these challenges, Ascentium Indonesia provided end-to-end stocktaking support with the following solutions:
- Deploy a trained field team to conduct accurate physical stock counts in multiple store locations.
- Portable Data Terminals (PDT) and barcode scanners speed counting and reduce human errors.
- Real-time reconciliation of physical count results with the client's system data.
- Detailed discrepancy reporting to help the client identify stock issues and analyze root causes.
This systematic approach ensured accuracy, speed, and reliability throughout the stock management process.
Key results and impact achieved
The collaboration delivered clear outcomes:
- Identification of Discrepancies: Allowing quick corrections of unmatched physical stock and system records.
- These reports provided actionable insights, empowering the retailer to make informed decisions and improve stock management.
- Improved Inventory Reliability: Accurate data could help management make better decisions, reduce risks, and boost efficiency.
- Optimized Stock Control: The improved process made future inventory checks faster, more accurate, and more effective.
Read more: A comprehensive guide to perfecting stock-taking
Enhance your stocktaking with Ascentium Indonesia
Accurate stock data is the foundation of retail success. Ascentium Indonesia provides a comprehensive stocktaking solution tailored to your business needs.
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Why choose Ascentium Indonesia?
- Accurate inventory data you can trust
- Fewer errors with the use of modern technology
- Faster counting without disrupting store operations
- Clear insights to improve your processes
- Expert teams to handle complex inventory counts across locations
Contact us today and make the smart move to improve your inventory management with us!
