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C-Store Inventory Services

Convenience stores is our core specialty

Convenience stores have been popular with American consumers since late 1920's. The number of c-stores surpassed all other US supermarkets, drug stores and competing retail channels combined by the end of 2008. Roughly 4.5% of American household budget is spent at a c-store, adding up to over 624 billion dollars in 2008. C-stores are a permanent fixture in our economy and they have evolved with technology.

PITT inventory offers comprehensive solutions for stores of all sizes. With one goal in mind: maximize profits while minimizing waste and theft. Some of the most common services we provide for our clients include:

  • Financial Inventory
  • SKU/Item Inventory
  • Shelf Price Verification
  • Item Level Shrink Reporting & Investigation
  • Out of Stock Product Identification
  • Onsite Auditing & Compliance Verification
  • Total Sales Optimization

Shrink Reduction

The data that is collected during an inventory audit allows you to identify high-shrink merchandise, high-shrink areas in your store, out of stock merchandise and deficiencies with your current procedures. According to a 2008 report, the average convenience store’s shrinkage rate is 1.32% of all retail sales*. This accounts for a total annual loss of over $15,000 per location, on average. By using the data and solutions that we make available, our average client reduces their overall shrinkage rate by 40% to 60% per location. Could you use an extra $600 – $1,000 per month?

Accurate Data Collection

Not knowing the real shrinkage rate in your stores can cost you more than merchandise. For a store with $80,000 in monthly sales, underestimating the rate of shrinkage by just 0.50% can cause a tax overpayment of $2,000 in just one year! Rely on accurate data for tax reporting purposes to avoid costly overpayments and missed write offs.

Inventory reduction & Sales Optimization

We work with the goal of reducing average inventory levels while maintaining the same level of sales. Together with your existing POS and back office systems, we offer sales optimization reporting. Merchandise that sells poorly in one location can be transferred to another location where the same item performs well. Dead or out of order merchandise can be identified and eliminated across multiple locations. For replenishment, we can implement an auto-ordering system, which allows to reduce average levels of stock frees up cash and realizes considerable savings.

Cost Savings

Beyond the inherent savings you will enjoy with shrink reduction and sales optimization, additional benefits of an outsourced inventory include:

- Low cost of labor: We are less expensive than your regular employees

- We use specialized equipment necessary for accurate data collection.

- Lower Risk: Our auditors have years of experience in data collection and have no bias or conflict of interest.

- Fast and Hassle-free: Our audit teams can perform an inventory count during business hours with no impact on store operations. Overnight and/or weekend times available.

- Accuracy – Our guaranteed margin of error is +/- 0.05%.

- Investigation– we are your inventory management partner. Our auditors stay on-site after the inventory count has been completed to review the report with your staff and investigate any merchandise shortages.

It is time that your inventory service did more than just count and run!

Contact Us Today For a Fast, No Obligation Project Estimate, And Get Sizable Cost Savings

WHY WE ARE BEST IN TOWN?

We are the best in town because we not only accurately collect your required data and report back to you in the format needed; we also work with you post-inventory audit to investigate and assess your current position real-time. We are not only the best, we are the only inventory company that works with you to increase your profits. You have access to your Inventory Specialists, Project Managers and Account Executives at all times.

What We Do

You will not dread inventory time with PITT Inventory as a part of your team. We will physically count your inventory accurately and efficiently! We then report on it in the agreed upon format. Outsourcing or third-party inventory keeps your entire team honest. Our team will partner with your team to produce the most accurate inventory audit results possible. Since we are in hundreds of stores per month we will also be able to give you insight as to what's going on and working in the business with strict confidentiality in mind of course.
An industry first ! Your inventory reports are viewable from everywhere in the world at anytime! Through our intranet you will be able to personally login and view inventory reports at you convenience. Long gone are the days where one has to stand around and wait for them with PITT Inventory's Online Reporting System. In addition you will be able to view and compare with previous inventory reports. We've been told by our clients that they especially like this when they are out of the office or have a scheduled vacation.
Our reporting format is compatible with all of our industries back office software! Once we've completed the physical inventory audit we will then create the uploadable file for your specific BOS. This file is then uploaded to your BOS adding the new physical inventory numbers and producing your discrepancy report. You then have the ability to see and act on your deficiencies. This is total control of your inventory.
The Inventory Observation Evaluation Analysis is another industry first from PITT Inventory. This is just another service provided as part of our inventory audit if you'd like us to. We've been doing it since day one and it's grown into an extremely valuable tool for ownership and management. We know you can't be in all your locations 24/7 so again we are there for you! While our primary goal is to provide you with accurate inventory data, if there are something's we think you should know we will let you know. There will be an agreed upon format that can be graded, points or percentages and pictures.
To Be Added

Why Choose Us?

Your inventory is our passion! We do not count, hand you a piece of paper and run. What we do is communicate, plan, implement, interface, assess and excel at each and every inventory audit we do for you. You now see why PITT Inventory is the best in the industry.

  • Background and Experience
  • Trained Inventory Audit Professionals
  • Item-Level Inventory Auditing Since Day One
  • Back Office Software Interfacing Since Day One
  • Personalized Online Reporting and Inventory Observation Evaluation Analysis
  • Accurate and Efficient Physical Inventory Audit Data Results

Our Five Step Process

At PITT Inventory we take the hassle out of the inventory process. Our five step approach is designed to make this process easy and hassle-free.

  • Needs Analysis - Either over the phone or in person, our team will discuss your priorities and goals for your inventory project. We will review your current inventory procedures and offer solutions that will bring real value to your company's operations.
  • Planning - Our Project Manager will work with you to obtain your master price book file for pre-inventory planning, distribute a pre-inventory checklist to your store managers and schedule your project date.
  • Project Day - Our team of auditors will arrive at your location on time and ready to begin. Immediately, we will begin a wall-to-wall count and audit of all merchandise on the sales floor and in any storage areas.Following the inventory count, our team will remain on-site to generate all of the reports necessary for your project.
  • Post Project Investigation - Our team will review the results of all comparison, reconciliation and variance reports with your store manager immediately following the audit. We will work closely with your staff to investigate any overage or underage until a final determination can be made.
  • Final Report & Assessment - Within 1 business day following your project, a final report and assessment will be sent to and reviewed with your management team. This assessment will include all available reports, the results of any shrink investigation and recommendations to improve store operations going forward.

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