​WHY PERFORMING A PHYSICAL INVENTORY IS ESSENTIAL TO YOUR HARLEY-DAVIDSON DEALER SHOP’S SUCCESS

DK INVENTORY SERVICES OF CT LLC, an independent inventory service which has started doing scan audits for Harley-Davidson using the Talon Enterprise Solution. We have written the software solution and have used it multiple times at Yankee Harley in Bristol, CT with great success. We provide our scanners and software and use your staff to count and scan the inventory. By following the Talon inventory instructions, we can complete a full inventory in as little as one day and update your on-hand quantities.

Performing physical inventories is critical to the success of any retailer. Even the best record keepers can miss a transaction. At any given time, the number of units you have in Talon may differ from the number of units you have in stock. Physical inventory reconciliation will help you find such errors by checking your records against your actual stock.

While a physical count can be a burdensome task, it is one of the most important things you can do to ensure your profitability and success. This is where we at DK Inventory Service can help with hardware and software that works flawlessly with Talon Enterprise Software. Here are a few more reasons why performing a physical inventory count is so important.

Shrinkage Control. Physical inventory counts help you identify shrinkage problems. Units may be missing from your inventory for any number of reasons, but the most common causes are loss, damage and theft.

Efficiency. Without accurate stock information, effective inventory control is impossible. An accurate inventory management system helps your staff save time and serve their customers better. Instead of having to check the stock room to see if a product is available, they can trust their system’s inventory data and focus on serving the client.

How Often Should a Physical Inventory Count Be Performed?

How you approach a physical inventory will depend on what is best for the kind of inventory involved.

Seasonally/Periodically – Performing a seasonal inventory count can give you useful information about your stock. You may find this information coming in handy throughout the year – particularly with seasonal items that have a limited shelf life. Fashion retailers might do their inventory counts at the end of a season.

Annually – For tax purposes, a physical inventory count needs to be done at least once per year. Annual inventory counts require the least effort and any losses recorded in your inventory can be used to reduce your tax burden.

A physical inventory count should be performed at least once per year, but more frequent checks can be useful. By checking your stock periodically, you can be sure your inventory matches what is in your records. You will also be able to identify any problems in your record keeping procedures. As time consuming and burdensome as they may be, physical inventory counts are essential to the success of any retailer.