ONLY INVENTORY SAMPLING ENABLES A SUSTAINABLE AND NOTICEABLE REDUCTION IN YOUR INVENTORY COSTS!
KEYFACTS:
- A full physical inventory requires significant time and effort
- The existence of a reliable inventory accounting system allows for inventory sampling
- A small, representative sample (items, storage locations, batches, etc.) is sufficient to verify inventory accuracy
- Inventory records assume the inventory function
- The legal requirements for implementation are defined in Section 241 of the German Commercial Code (HGB) (HGB (§ 241)).
The average inventory costs incurred in the context of an inventory count
(preparation, recording, evaluation, entering actual quantities, administration costs, opportunity costs, etc.) account for approximately 2 to 8% of the inventory value during a full inventory. This means that a full inventory incurs effort without creating any added value (Aufwand, der mit keiner Wertschöpfung verbunden ist) for your company.
Inventory sampling (Stichprobeninventur) (§ 241 HGB) vs the only inventory simplification method permitted by law that does not require a complete physical count of all item positions. A key requirement is the existence of a reliable, electronically supported inventory management system. Using statistical sampling methods, the reliability of your inventory records is verified based on a small representative sample.
If your inventory management system „passes“ this check, you may use the results as your legally compliant inventory record.
To carry out inventory sampling, several requirements (§ 241 HGB) must be met. These include the use of a recognized statistical method, compliance with the principles of proper bookkeeping, and the achievement of results as accurate as those of a full inventory.
Inventory sampling has been the core competence of DR. JASPERS CONSULTING for nearly 40 years. Thousands of successfully completed projects, numerous publications, and lectures on this topic, as well as expert reports and workshops, demonstrate our expertise and qualifications.
To help you implement inventory sampling successfully in your company, we offer two implementation models:
- „Sample Inventory as a Service„: Our standard solution that includes nearly all tasks related to the implementation of inventory sampling.
- „Inventory sampling for the Retail Sector“: A specialized solution tailored to the needs of retail businesses
HOW WE CAN SUPPORT YOU
If you want to reduce your inventory costs, minimize inventory stress, lower opportunity costs, and reduce disruption to your daily operations, feel free to get in touch with us.
We’re happy to present our approach in a short virtual meeting (e.g., via MS Teams) – without obligation. You’ll see how easily our concept can be integrated into your processes and how you can benefit from our service. [Click here to contact us with no obligation]