Inventory Reporting

During our follow up discovery meeting, available 24 hours after inventory, a detailed report is presented and reviewed with your management team. All supporting documents are scanned and the entire report is digital. This eliminates cumbersome paperwork, facilitates data storage and makes it simple to compare and contrast results year after year to ensure constant improvement.

Detailed reports and analyses include observations and recommendations, obsolescence analysis, and a full reconciliation to the general ledger. Reports include:

• Physical Inventory Summary - This report summarizes total dollar value on-hand; work in process, claims and credits, core values, outstanding invoices and pre-paid special orders
• Physical Inventory Reconciliation - This report summarizes the variance of the Physical Inventory on hand value to the General Ledger Book value. We compare the difference including and not including the Parts Department appreciation and depreciation amounts up to the inventory date
• Summary and Inventory Operations Analysis - We provide a detailed department analysis. The observations and recommendations in the report are intended to assist you in the evaluation and management of important policies, procedures and controls that affect the Parts Department operations (Profit & C.S.I.) The analysis covers the areas of security, purchase order control, paper flow, shipping and receiving procedures, bin maintenance, obsolescence, storage area efficiency, and special order controls. We also perform an obsolescence analysis. All of the above information can drastically improve parts department operations.