Why We Wrote a Retail Inventory Book
We wrote a retail inventory book because, after 35 years in the industry, we want to share our knowledge and experience. Many businesses dread inventory
March 17, 2023
Responsive. Reliable. Fast.
We specialize in providing inventory services for warehouses, distribution centers, manufacturing facilities, liquor stores, and convenience stores with inventory services that are more excellent, efficient, and economical than our competitors.
Are you searching for inventory auditing services or an inventory counting company you can rely on? Here at Monarch Inventory Services, we understand how challenging it is when you don’t have the time to devote to keeping track of your inventory. You are already working hard to provide the best products and service possible to your customers and it can be easy to let aspects unrelated to your customer fall by the wayside.
It takes time, effort, and planning to ensure you have an accurate view of your inventory. It’s been estimated that an average person will spend one-third of their life at work. Managers, business leaders, and business owners spend far more than that. Tracking inventory or managing others to do it consistently and accurately is time away from your customers and your family.
Don’t waste more of your precious time worrying about your inventory. Don’t wait, “Be Counted” today!
People. Our culture is centered around a teamwork model that consists of three virtues- hungry, humble, and people smart. The key is that our people MUST be solid on ALL three of these virtues. We recruit, hire, manage, and reward around these governing virtues. When you are looking into working with Monarch, we want you to feel just as confident that you will enjoy the experience and get the results you want. Our hunger ensures we are focused and committed to getting the job done efficiently. Our humility allows us to be comfortable with asking you questions, since we know you understand your business better than we do. Our people smarts creates a professional disposition with you, your managers, staff, and customers. We recognize that we are representing you when we are in your operation.
The latest figures from the Bureau of Labor Statistics put annual warehouse turnover rates at 43%. This level of turnover makes maintaining consistency incredibly challenging. At Monarch, our turnover rate is less 10%.
Process. We apply lessons learned from each inventory auditing job to continually re-evaluate our processes to gain more efficiency. Efficiency is important to both time and budget. With over 35 years of experience, we have been learning and improving through tens of thousands of projects. If you visit with customers that work with us on a regular basis they would say that each result is more efficient than the previous. They would say that the lessons learned from the previous project were applied and achieved positive results in the next project.
Technology. We invest significantly in both hardware and software solutions that allow us to adapt to a variety of inventory situations. For example, a retail c-store may require high-speed keying, a liquor store may require the ability to scan barcodes quickly, or an asset inventory may require a significant amount of data entry. Our inventory services include the proper tools for each situation. We recognize that a solution used in a c-store won’t be fully effective in a grocery store, nor will a retail grocery inventory solution be effective in a warehouse. Our software platform utilizes the concept of modules. We have a variety of diagnostic and analytic modules that allow us to create a solution that may look different for each customer. It will look different because each customer operates differently and our solution is tailored to the way they conduct business. Our technology allows us to adapt to you, not the other way around.
Many inventory counting companies offer one-size-fits-all solutions. Monarch, on the other hand, customizes each project to meet their customers’ needs. Every customer is different and every solution should be different.
In the course of its growth, Monarch made a strategic decision to move from being good at everything to being great at a few things. We narrowed in our focus on 4 key verticals.
People. Our culture is centered around a teamwork model that consists of three virtues- hungry, humble, and people smart. The key is that our people MUST be solid on ALL three of these virtues. We recruit, hire, manage, and reward around these governing virtues. When you are looking into working with Monarch, we want you to feel just as confident that you will enjoy the experience and get the results you want. Our hunger ensures we are focused and committed to getting the job done efficiently. Our humility allows us to be comfortable with asking you questions, since we know you understand your business better than we do. Our people smarts creates a professional disposition with you, your managers, staff, and customers. We recognize that we are representing you when we are in your operation.
The latest figures from the Bureau of Labor Statistics put annual warehouse turnover rates at 43%. This level of turnover makes maintaining consistency incredibly challenging. At Monarch, our turnover rate is less 10%.
(https://www.kanelogistics.com/blog/warehouse-labor-the-real-cost-of-warehouse-worker-turnover)
Process. We apply lessons learned from each job to continually re-evaluate our processes to gain more efficiency. Efficiency is important to both time and budget. With over 35 years of experience, we have been learning and improving through tens of thousands of projects. If you visit with customers that work with us on a regular basis they would say that each result is more efficient than the previous. They would say that the lessons learned from the previous project were applied and achieved positive results in the next project.
Technology. We invest significantly in both hardware and software solutions that allow us to adapt to a variety of inventory situations. For example, a retail c-store may require high-speed keying, a liquor store may require the ability to scan barcodes quickly, or an asset inventory may require a significant amount of data entry. We have the proper tools for each situation. We recognize that a solution used in a c-store won’t be fully effective in a grocery store, nor will a retail grocery inventory solution be effective in a warehouse. Our software platform utilizes the concept of modules. We have a variety of diagnostic and analytic modules that allow us to create a solution that may look different for each customer. It will look different because each customer operates differently and our solution is tailored to the way they conduct business. Our technology allows us to adapt to you, not the other way around.
Most inventory companies don’t offer custom, unique inventory solutions that are flexible to meet their customers’ needs. We do:
In the course of its evolution, Monarch made a strategic decision to move from being good at everything to being “great” at a few things. Our strategic focus in Manufacturing & Distribution, Convenience Stores, Liquor Stores, and Asset based inventory solutions created an environment where we have been able to focus our efforts into a culture, processes, and technology that align with our core focuses. This in turn enabled us to move from good to great.
Supply Chain Consulting
Quality
Control
Cycle
Counting
Weight &
Dimensions
(Cubiscan)
Physical
Count
Inventory Loss
Prevention
Ownership Transition
(Buy/Sell)
POS System
Reconciliation
Inventory
Consultation
Asset
Tracking
We know that inventory day is not “fun” for most people. It can be difficult to hire resources to do this on a long-term basis, and it takes time to establish internal processes and staff stability to create consistency. Without the proper technology it can also be time consuming and costly. However, this is what we do for a living, and we love inventory counting and providing inventory auditing services. We strive to create an experience by which you can enjoy inventory day too. Our team has been molded from the moment they’re welcomed into the Monarch family to understand that we strive for excellence in every job.
With teamwork centered mindsets, state of the art technology, and processes that have been established with over 35 years of experience, our inventory counting experts will be able to help you pinpoint problem areas quickly and deliver you actionable results.
Monarch did a very good job of laying out communication, defining a process, troubleshooting and tweaking the system to get results faster and more efficiently than I thought we would.
I work part time with this company.the whole organization is top notch from the office staff who is always willing to help, the auditors who work their tails off to complete a job to the owners, who are the nicest people that are honest and fair and absolutely care about their employees.
Overall experience has been great. Good, friendly people to work with and very good at communicating with us and accommodating any changes we may have.
I work part time with this company.the whole organization is top notch from the office staff who is always willing to help, the auditors who work their tails off to complete a job to the owners, who are the nicest people that are honest and fair and absolutely care about their employees.
I love it here @ Monarch
Very awesome
Bringing in a third-party inventory company can be a big decision. Some signs that you may need some external help include shipping inaccuracies, location level issues, increase in write-offs, or labor shortages. These challenges do not often get better with time. Having an objective party come in to address these concerns and get you back on track can be hugely beneficial.
Choosing the right inventory company to bring in is easy when you identify the driving factors behind the need and ask the right questions. It’s important to know what experience the company has in environments similar to yours, what collection and verification processes are used, how they handle challenges, and how much oversight you’ll need to provide. As a service based business, don’t forget to ask about the type of people and staff they provide. The best technology and processes are meaningless if their people are unprofessional, lack commitment, and have poor attitudes.
We provide a variety of price quotes depending upon the project, service type, and market segment. During our initial conversations we will gather the specific details about your project and using our past experiences will estimate time and costs. We will put together a price quote that helps you establish a budgetary plan and aligns with how you conduct business. We will include staffing requirements based upon scope and time constraints. You will be given a clear picture of what to expect, and we take pride in getting our quotes correct.
Everyone we put on a service initiative or project team are direct hires of Monarch. Temporary labor introduces too much inconsistency, not to mention a lack of commitment, to your mission. Your goals are simply too important to do something like this. With regards to booking a project or service and then triggering our human resources department to “hire to staff”, this can also introduce unknown variables into your planning efforts. For example, rapid changes in the hiring dynamics could affect our ability to meet the target team size. Additionally, this practice has the potential to lead to “over selling”, and you could be the customer that is not at the top of the priority list and have your project cut at the last minute. We have a staff plan that aligns with our growth goals, and we hire to that plan. We are up front with you about what we can and can’t do in terms of staffing your project.
We wrote a retail inventory book because, after 35 years in the industry, we want to share our knowledge and experience. Many businesses dread inventory
Inventory service providers play an essential role in the success of many businesses. But not all providers are created equal, which can affect your count
When you work for Monarch, it’s not like working for anyone else. We have a unique culture and company structure. Our highly driven teams are
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Reach out via our contact form and schedule a short video chat or phone call with one of our dedicated account representatives. We can answer your questions about Monarch, our processes, and what sets us apart.
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During the initial call, we’ll ask some questions to give us a high-level overview of the project, what concerns you may be having, and what your ultimate goals are. We may also send a questionnaire that will gather more details about your inventory and ensure that all aspects are covered.
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Our team will review the information provided and prepare a final quote. You will receive an all-inclusive estimate with details regarding team size, project dates, and processes.
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Don’t waste another day with bad inventory services. Call or email us now.
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We provide free quotes for our custom inventory solutions
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Don’t waste another day with bad inventory services. Call or email us now.
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Get inventory solutions that increase profitability for your business
Monarch Inventory Services
9712 Rosehill Road
Lenexa, KS 66215
Main Local: (913) 379-4154