Tips for Getting Started with a Professional Audit Team
Are you a convenience retail leader ready to hone your skills in inventory management, eager to make your mark, or in search of a top-notch audit team to elevate operations? Quantum Services, a trusted professional inventory auditing company specializing in convenience stores, is here to guide you on building a partnership with an auditing team. It’s time to take control over store inventory like a boss!
What Inventory Management Entails
Growing into your role means expanding skills and knowledge suited for all aspects of c-store inventory. Having a pulse on the right products for your shoppers, mastering the back-office system, using data to create a replenishment cycle, predicting future demand, and reducing shrink are all part of the intricacies of inventory management. When you add a professional audit team to the mix, they will give you a detailed snapshot of stock contained in your stores, helping you identify products that are popular, those that are slow movers, and any items that are showing a discrepancy from price file.
PREPARING FOR THE INITIAL CONVERSATION
Before you make the first call, assess your store’s needs and inventory goals. Will you need an audit type that is simple, providing straightforward financial information, or something more comprehensive for a larger operation, including foodservice? Next, consider how often you will need audits completed—will it be bi-monthly, monthly, or quarterly? The frequency will depend upon your goals—whether that’s impacting shrink, managing inventory turnover, or providing customers more of what they love.
STARTING YOUR SEARCH
Look for an audit company with experience in c-stores. A company skilled in convenience store audits, like Quantum Services, will understand retail, foodservice, seasonal inventory, and how federal regulations affect inventory, such as those placed on tobacco products. When you speak with the company, ask how they handle expired perishable items, or what they do with totes in storage. For an unbiased opinion, request references from other clients to ensure they have delivered reliable results with others. Before the conversation ends, ask if the company has the capacity to tailor its services to your unique inventory challenges. There could be a hybrid audit option that is perfect for you.
SELECTING A SERVICE
Once you have determined your needs, audit type, and frequency, it’s time to make your choice. Let the experts at Quantum Services deliver accurate, reliable audit results. Trained auditors will arrive on time for your scheduled audit, do a thorough wall-to-wall count, then provide detailed reports that will help you develop effective inventory management strategies. Since 1971, Quantum Services has been a staple in the convenience store industry solving inventory problems and creating efficiencies. Our full-time auditors specialize in convenience store audits, and they excel at providing insight to improve efficiency.
Trust Quantum Services to handle your every inventory need, so you can focus on what matters most: employees and customers. Call us at 800.777.9414 to start the conversation today!