Consignment Stock Counting
Our customers in the retail space struggle with one common problem which is the inability to know how much inventory lies outside of the warehouse in their consignment stock counters. This problem causes many accounting issues for companies that operate on this business model as they don’t have access to real time information regarding sales, inventory, inventory movement and data on brand/store performance as they don’t have access to the department store’s point of sale system to reconcile against their in house warehouse management systems.
QuikCount® offers a simple solution whereby we serialise each individual piece of inventory and track it using smart mobile and web applications residing in the cloud to provide visibility for our clients. Using this solution, they are able to generate business intelligence in the form of reports that can be used for accounting, reconciliation, planning and audit purposes within their operations. Furthermore, by digitizing their operations, we are able to provide data analytics to unearth trends and new information that can be used for valuable decision making.