Inventory Integrity: Custom 3-Ply Loss Prevention The Challenge: Annapolis Lighting faced signifi...Inventory Integrity: Custom 3-Ply Loss Prevention The Challenge: Annapolis Lighting faced signifi...
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Inventory Integrity: Custom 3-Ply Loss Prevention
The Challenge: Annapolis Lighting faced significant inventory shrinkage and untraceable losses across six retail locations due to a lack of visibility into defective merchandise and vendor returns.
The Solution: I designed and implemented a proprietary Defective Merchandise Tracking System. Using a 3-ply reconciliation logic (Product/Vendor/Buyer), I created a closed-loop audit trail that accounted for every unit from the moment of defect to the final vendor credit.
The Impact:
- 15% Reduction in Shrinkage: Reclaimed lost revenue through precise inventory tracking.
- 100% Audit Visibility: Provided leadership with real-time data on vendor performance and product quality.
- Scalable: Deployed across all 6 locations and the central warehouse.
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