Good Faith Receiving - GFR
Ensuring an accurate, efficient and transparent
stock receiving process
How It Works
GFR - Good Faith Receiving
Whether your goal is improving stock accuracy, increasing efficiency, or ensuring GSCOP (Groceries Supply Code of Practice) compliance, RGIS supports your Good Faith Receiving (GFR) objectives.
GFR is a commercial agreement between supplier and customer that assumes each delivery is 100% accurate. This speeds up the movement of goods through the receiving distribution centre. To confirm stock accuracy, sample audits are conducted. Results are extrapolated across all deliveries over a set period to measure overall stock accuracy. This measure helps recover stock discrepancies between invoiced and received goods. RGIS ensures independent verification through trained auditors, robust reporting tools, and key insights via the GFR Dashboard.
Audit Concept
GFR auditing verifies invoiced goods without a full count of all deliveries. It relies on representative sample audits for each supplier.
Sample Selection
A small sample (usually about 5%) represents the broader invoiced quantity. All samples are carefully planned to ensure a wide range of goods is checked.
Assumed Accuracy
GFR operates on the assumption that the majority of supplier deliveries are fully accurate.
Confidence Boost
Sample audits reliably reflect delivery performance, giving retailers greater confidence in accuracy results.
GFR Efficiency Focus
Efficiency and confidence boosts supplier performance and removes the need for full delivery checks.
Precision Assurance
Meticulous sample checks ensure precision, offering assurance in the received goods.
Reduced Work Load
Good Faith Receiving avoids physically counting every item, reducing the overall workload.
Reliable Verification
GFR provides a reliable verification method, balancing accuracy with operational efficiency.
Why RGIS GFR - Good Faith Receiving ?
Elevate your supplier deliveries with RGIS's good faith receiving checks. Our seamless process not only enhances efficiency and accuracy but also ensures meticulous recording of shrink through effective claims management.
- We have worked in retail for 65+ years and bring unparalleled expertise to supply chain and stock-receiving processes.
- Detailed checks and comprehensive reporting instil confidence in effective claims management with GFR.
- We provide accurate and efficient stock recording, providing enhanced visibility through intuitive dashboards.
- Our nationwide presence, coupled with local support throughout Australia, ensures that we are always within reach, ready to optimise your operations and elevate your inventory management experience.
- Supply Chain Audits are also available
Trust RGIS to optimise your operations. If you would like RGIS to safeguard your inventory integrity, please get in contact.
