Wall-to-Wall Inventory Using RGIS Vision for Classic Car Parts Specialist
Case Study
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SKUs
1,200,000
Pallets
1,200
Bin locations
5,000
An American chemical and synthetic biotechnology company required the support of RGIS. The company was founded in 2003, and is focused on developing sustainable ingredients for the Health, Wellness, Beauty and Fragrance markets. It uses renewable carbon sources, coming from plants such as sugarcane. The company has operations in the United States and Brazil.
THE CHALLENGE
The biotechnology company needed to take control of stock in the warehouse. It was unorganised with no system in place to help them to identify stock, find the location of the stock or keep track of quantities of stock.
- The company required a solution to create a new reliable database, with updated information on all stock and locations, so required RGIS to provide the following:
- Complete a physical inventory count of the warehouse
- Provide new and accurate inventory database of materials, the location and identification
Why RGIS?
Customers choose RGIS for warehouse inventory and stock organisation because our expert teams streamline chaos into structure, delivering accurate counts, clear categorisation, and improved stock flow that increases efficiency and operational control.
Our Solutions
The biotechnology company partnered with RGIS to complete the organisation, structuring and inventory of materials project, and provided the following:
After initial meetings and visits RGIS compiled a detailed process and project plan
Scheduled a fixed team of 12 experienced RGIS auditors for the duration of the project
Reorganised the structure of stock and materials, allocating a defined area layout with restricted access to the stock
Identified stock and materials and documented the location
RGIS teams completed the physical inventory of stock and materials in the warehouse
Developed and implemented an inventory management application system for managing and controlling the movement of receipts, storage, separation, dispatch, concierge, audits and inventories
Accurately compiled, organised and cleaned the stock/materials register
Results
The biotechnology company found by outsourcing the organisation, structuring and inventory of materials project to RGIS, the following results were achieved:
Accurately counted approximately 25,000 SKUs and achieving a stock accuracy of 99.8%
Achieved an 8% reduction in unnecessary purchases
Use of lost materials that were located by RGIS amounting to BRL 780K (US$ 151K)
Fulfillment of the delivery goals of the work avoiding contractual fines in the amount of R$ 2 MI (U$ 387K)
Savings of R$ 480K (U$ 93K) with the new inventory management system to control the company’s materials
Recovery of confidence among investors
The customer was very satisfied with the result
Conclusion
The customer was very happy to have selected RGIS as a partner as RGIS has shown their extensive expertise and experience to handle complex inventory challenges, and were able to deliver accurate and reliable results. The customer was very satisfied with the results delivered and hopes to continue working with RGIS in the future for support with other inventories and services.
