A comprehensive, wall-to-wall inventory count involves a complete physical verification of every item within a warehouse or distribution center, ensuring total accuracy in stock levels. This process typically focuses on finished goods that are ready for distribution, providing a clear and precise snapshot of available inventory. By accounting for all products in storage, businesses can identify discrepancies, maintain accurate records, improve order fulfillment, and enhance overall operational efficiency.
This thorough count also helps identify misplaced or obsolete items, improving inventory organization and space utilization. By addressing these issues, companies can reduce waste, streamline operations, and make more informed decisions to boost overall supply chain performance.
Datascan's full-service warehouse capabilities are second to none. We didn't have to worry about the process at all, Datascan came in prepared with supplemental labor for our count, it was a complete success and we didn't have to worry about not having enough people for our count.
Track and verifies long-term tangible assets such as machinery, vehicles, office furniture, and IT equipment
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Below are answers to our most frequently asked questions. If you don’t see your question below, contact us for more information.
How regularly are inventory audits conducted in warehouses?
Conducting inventories on a regular schedule, such as monthly, quarterly, or annually, supports accurate stock records and allows for early detection of errors, helping to mitigate financial and operational risks.
What situations typically lead to a full physical inventory count?
A full physical inventory count is often conducted at the close of a fiscal year or in preparation for audits, offering a detailed and accurate overview of inventory for financial reporting and regulatory compliance. Additionally, such counts are frequently initiated during mergers and acquisitions to verify asset accuracy.
What does a full physical inventory service include?
Our service provides a comprehensive count and verification of all inventory items in your warehouse. This includes: item-by-item physical counts, identification of discrepancies (overages, shortages, mislabels), reconciliation based off of the client’s guidance, detailed reporting and audit trail (if required).
How is the full physical inventory service counted?
Full physical inventory count methods are determined before the agreement is finalized. We typically conduct counts in one of three ways:
Scanner + Cloud Platform: Using our proprietary scanner technology integrated with a cloud-based monitoring system.
Client WMS Integration: Partnering with the client to use their existing warehouse management system and technology counting method.
Pen & Paper: Following the client’s preferred manual process, which is often the most common approach in warehouse environments.
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