While the focus of our logistics consulting approach is on doing (not just recommending), we’re often called upon to help our clients assess their current inventory or warehouse position. They want to know:

What is my current customer service level?
What and where are my hidden costs?
What are the risks in my current inventory practices?
Where are staff more critical than process?
Do we have enough staff and equipment or too much?
Do we have physical security of our products?

For some clients, a logistics or warehousing audit is required by corporate policy. For others, it forms part of a wider long-term strategy. And for some, it’s just about peace of mind. Whatever your reasons, there are times when you simply must know where you currently are, before deciding where you’re headed.

Return on investment

In line with our focus on doing, we make sure our inventory and warehousing audits are cost-effective. This minimises the risk; we like our clients to feel comfortable that the return on investment - after implementing our recommendations - will justify the initial expense.

What we check

Within your processes, we determine whether customer service, inventory and warehouse are being adequately managed. Our goal with the inventory and warehouse management audit is to obtain reasonable assurance that records are complete and accurate for decision-making purposes.

Specifically, our supply chain logistics management audit examine:

Protection in variations in supply
Forecasting demand
Making allowances for uncertainty
Ordering regimes from suppliers
Information systems and organisational communications for logistics decisions
Training of people responsible for inventory management
Managing different stock categories for various types and facilities
Monitoring stock performance including understanding of stock turnover and slow stock movers
Appreciation of individual stock behaviours
Use and need of safety stock
Determining what and how much stock to carry
Supplier performance
Data integrity and validity

A quality Warehouse Audit process

Our procedures during your review will be conducted in accordance with general business standards of control. The review provides a moderate level of assurance about the effectiveness of control procedures.