The Elite Inventory Group
- 3 days ago
The Elite Inventory Group
- Apr 22
The Elite Inventory Group
- Apr 11
The Elite Inventory Group
- Apr 4
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Serving MD, DC, VA, WV, PA, NJ and DE since 1998
Professionalism - Service Quality - Affordability
Expert Inventory Professionals
We are a full service inventory management company with 30 years of experience. Inventory assets typically represent 45-90% of a companies expenses. Not controlling them correctly can be financially fatal. When controlled properly you balance inventory levels in proportion to demand, minimize shrink, reduce stock-outs, overstock & markdowns that erode profits and paralyze cashflow. You learn your product cycles, lead times, order points and ensure accurate, timely tracking and accounting.
Get a quote today or schedule a consultation! We can count your inventory and if desired customize a profitable inventory control plan & software system for your business.
Featured Product of the month!
TIP of the month!
How do you set par inventory levels in a bar?
Step 3
Factor in safety stock. To account for unpredictable spikes in demand, keep a little extra stock as a cushion. The best practice is to carry about 25% of your average inventory usage. In our earlier example, that's another 33 bottles.
Step 4
Consider delivery frequency. The idea is that the right par level will keep the product in stock until the next delivery arrives. That's why setting par level depends on how often you get deliveries. Also, on what your inventory turnover looks like. Let's say we get one delivery per week, so 4 per month.
Are you tracking your inventory & monitoring your success? Call today and see our Products line for affordable hardware & software tracking solutions.
WASP inventory control bundle. Try a free DEMO today!
Our Services
Profit margin shrinking? Our Shrink & Loss monitoring service can help!
Sample Reports
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Monthly cycle counts @ a 25% discount
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3-Month cycle counts @ a 20% discount
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4-Month cycle counts @ a 15% discount
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6-Month cycle counts @ a 10% discount
Cycle counts done on schedule @ a discount!
Total inventory cycle counts VS Typical?
By tracking and monitoring inventory on a frequent & structured basis a company can significantly improve the accuracy of its inventory quantities and financial reporting. The consistent monitoring of management will keep employees honest and reduce theft & other forms of shrink. It results in better decision making about reorder points, out of stock inventory and excess inventory. It can help you to locate items & depts of high discrepancy and then determine the cause in time to prevent thousands of dollars in lost profit.
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