How Do You Perform A Successful Physical Inventory Count When Product Is Stored At A 3PL Facility?
Using a 3PL facility is becoming popular for businesses needing external help and a way of managing their supply chain more effectively. Some inventory service providers may shy away from doing inventory counts at 3PL facilities because they can be challenging. But, with our highly-skilled team and adaptable technology, we can help you with an […]
How Do You Break Down Inventory at Cost vs. Retail for a Retail Inventory Count?
When you are doing a retail inventory count, we can provide you with the inventory at cost vs. retail value. It is easier to give the cost value of items when we are doing a financial count, but your point-of-sale system will provide you with the cost price during a scanning audit. Knowing the value […]
How Can I Save Money on My Inventory Counting Services?
Inventory counting services can make running a business easier. For example, having a professional company responsible for your counts is worth the cost because they have the expertise and technology to give accurate results. But there are several ways that you can prepare for your inventory count that will not only help the process go […]
How Much Notice/Planning Is Needed to Schedule a Retail Inventory Count?
A retail inventory count is crucial to running a business but can feel overwhelming. It takes time to coordinate and it can be difficult to know what steps to take. If you are planning a retail inventory count, we recommend contacting us at least 4 to 6 weeks before the count date, especially towards the […]
How Often Should I Schedule a Physical Retail Inventory?
We recommend scheduling a physical retail inventory quarterly or annually. Deciding when to count your inventory will depend on the purpose of the count. Counts for tax purposes are usually done at the end of each year, while counts to monitor stock levels and prevent stock loss are done more regularly. Physical inventory counts can […]
What Can I Do To Help Improve The Efficiency of My Retail Inventory Count?
“Are there things I can do to improve the efficiency of my retail inventory count?” This is a common question we get from clients, and many of them don’t realize that the success of a count relies on more than our expert team members, processes, and technology. Time is money, and having an organized store, […]
What Contributes to the Cost of Retail Inventory Services?
The cost of retail inventory services depends on a variety of factors, based on the size of your store and what type of inventory count you need. We provide an all-inclusive estimate for your retail count, but pre-planning and organization play a key role in keeping the final count as close to the estimate as […]
Why Do A Retail Inventory Count At All?
A retail inventory count is an effective and accurate way to see what is happening inside your business. It helps you effectively manage your systems and processes while assessing stock levels, losses, and storage. When you do an inventory count, it provides valuable data that you can use to improve your business, increase profits, and […]
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 count days. We want to change the narrative and help businesses use physical inventory counts to thrive. After so many years of learning and innovating, we aim to help businesses […]
What Makes Monarch Different Than Other Inventory Service Providers?
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 and overall experience. Monarch’s people, processes, and technology offer a fantastic service from start to finish. We pride ourselves on being a company that values people more than profit, including […]
