In principle, statistical inventory sampling can be applied to all assets of a company. However, the greatest savings potential lies in inventories, as the time and financial effort required for these is highest compared to the effort for other assets. Users report savings of up to 95%. If we look specifically at the number of items or storage locations to be checked, this becomes even more evident: if instead of 10,000 positions only 200 have to be verified when applying statistical inventory sampling, this results in a savings rate of 98%.
It should be noted, however, that verifying a statistical sample position is more costly than verifying a „full count position“. This is because to rule out counting errors, only qualified personnel are used for the sampling. Moreover, due to the low volume of positions to be recorded, each deviation may be reviewed again if necessary.
According to our experience, our clients typically save between €5,000 and €25,000 by applying statistical inventory sampling. In individual cases – depending on warehouse volume and structure – these savings can even “quickly” reach the mid-six-figure range.