The Inventory Loss Control System is designed to help businesses mitigate losses across various operational areas. Many businesses lose revenue during processes such as receiving from suppliers, dispatching to customers, handling returns, and managing transfers.

These processes involve verifying invoiced product quantities against physical products to ensure there are no discrepancies. When discrepancies occur, businesses can suffer significant revenue losses, often due to collusion or oversight. Our system enforces double-checking of invoiced product quantities through automated controls.

With our system, invoices are posted with item descriptions only, concealing quantities from the personnel receiving stock. The supplier is expected to deliver the invoiced items, and upon completion of the process, the system verifies that the quantities received match the invoice. A Goods Received Note (GRN) is generated to confirm if there are any variances. If no variance is detected, the invoice receiving process can be completed smoothly.

The system also tracks and evaluates employee performance and integrity based on accuracy during the receiving process. This performance data enables businesses to retain personnel who consistently meet expected standards and demonstrate integrity.

Our systematic inventory control approach helps manage losses at both inbound and outbound stages, while ongoing inventory stocktakes and reconciliations inside the warehouse or sales floor ensure accurate tracking.

This comprehensive approach guarantees better control over inventory losses and protects your business’s revenue.