Skip to main content

TURNING A DUMPED WAREHOUSE INTO ACTION

 The need of situation

A reputed brand in retail asked us to streamline one of its inefficient warehouse of one lac square feet dumped with 20 lacs of slow moving inventory consuming huge warehouse space hardly supplying merchandise as retrieval of desired inventory from dump of stock was next to impossible. The unusual high level of inventory was recent closure of  other warehouses the stock from them being displaced and dumped to above warehouse put up for our task.

 The challenge we faced

The inventory at that warehouse was really a dump as all the stock with minor major repair requirements were being dispatched from all stores to that warehouse facility, apart from fresh stock which was also mixed up. Stocking and staking was in too bad a condition. Segregating and disposing off this huge inventory was an arduous task, which nobody was willing to undertake.

The solution we offered

Task which nobody is ready to undertake, VGNC gracefully accepts as its coveted job to help out its clients. We deployed a dedicated team with requisite patience. The warehouse was divided into 20 zones with 20 dedicated tams assigned to each zone. The entire inventory was physically counted, and segregated.  The defective stock for want of minor repair and refurbishment was sent for necessary job. The damaged stock beyond any correction was written off. The fresh stock was properly stacked and updated in system inventory ready for pick up by any selling store.

The results we achieved in 72 hours

The successful completion of task not only released the warehouse space, it released saleable stock into the fleet of moving inventory ready to occupy its space at stores shelf.

Labels:

Comments

Post a Comment

Popular posts from this blog

MYSTERY AUDIT – WHAT IS MYSTERY AUDIT? | BENEFITS OF MYSTERY AUDIT

  Mystery audit- What is Mystery Audit? how to process it ? benefits of mystery audit? etc. are common question about mystery audit, We are used mystery audit to measure the quality of service and actual performance, compliance with regulation, or to gather specific information about products and services. What is Mystery Audit? Mystery audit is used to measure the quality of service or compliance with regulation, or to gather specific information about products and services. The audit yields better results when done by third-party companies as the stores would not be aware of the product/service being evaluated. A mystery Auditor is a paid consumer who is hired to shop in stores and collect data. Think of mystery auditors as “ undercover customers”  sent in to observe, interact, and report on other customers and store employees. Mystery Auditors are typically employed by a third-parties rather than the store or company personnel itself. Benefits of Mystery Audit to ...
Post a Comment
Read more

HOW TO HANDLE THE TAX IN WHEN AVAILING SERVICES FROM UNAUTHORIZED SECTOR

  Understand the GST: Mechanisms- Two mechanisms are there: a) Fore-ward Charge b) Reverse Charge What is Fore-ward Charge Mechanism? Fore-ward charge means liability to pay the taxes on the goods & services is on the supplier. E.g.: X sells goods for Rs.1 Lac to A, X will charge & pay tax on the said goods (say 5% GST) Rs 5000. What is Reverse Charge Mechanism? Reverse charge means the liability to pay tax by the  recipient of supply of goods or services  or both instead of the supplier of goods or services or both. E.g.: Z sells goods for Rs.1 Lac to B, in this case B will pay tax on the said goods (say 5% GST) Rs 5000 on the basis of goods/services receipt. On which supplies Fore-ward/Reverse charge will apply? In case of goods right now no such goods has been notified yet particularly on which tax liability is be discharged by reverse charge mechanism. However, if the goods are bought by the registered person under GST is from the un-registered person then the...
Post a Comment
Read more

NEW FINANCE PANEL AND A TASK FORCE: WHAT CAN BE EXPECTED FROM NEW TAX LAWS

  The cabinet approved the constitution of the fifteenth finance commission. The fifteenth finance commission will determine the devolution formula for the revenue sharing between Centre and state (from 2020 to 2025). It will also have its task cut with the new tax system. The panel will have to deal with significant changes in the taxation framework, such as GST before making recommendations. Finance Minister Arun Jaitley announced that the cabinet had given an in-principle approval to form the commission and negotiate its terms of reference.The commission, whose members and terms of reference will be notified after finalisation, will make crucial recommendations which will be more in tune with India’s economic needs. The recommendations made by Fourteenth Finance Commission were accepted by the Government. These recommendations will be brought into effect until March 31, 2020. As per the recommendation, the states’ share of the central pool of taxes was increased from 32% to 42%....
Post a Comment
Read more