The concept of the modern day convenience store quickly gained popularity with American consumers since its inception in the late 1920’s. Since then, the c-store industry has become a permanent fixture in our economy. In 2008, US convenience store industry sales grew to over 624 billion dollars—roughly 4.4% of all consumer spending. By the end of 2008, there were over 144,000 convenience stores in the United States, more than all other US supermarkets, drug stores and competing retail channels combined.

At PITT Inventory, convenience stores are our specialty. Our comprehensive solutions help stores of all sizes to 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
• Secret Shopper Evaluations
• Customized Reporting (over 200 reports available at NO EXTRA CHARGE)

QUESTION: Will your company really save me money? How?

ANSWER: Yes, you will realize significant cost savings in three key areas. In fact, if you aren’t keeping track of your inventory you are already losing money every day without even knowing it

• 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 employee 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 doing $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
  This strategy is simple—achieve the same level of sales while carrying less inventory. In conjunction with your point of sale and back office systems, our sales optimization reporting will allow you to identify exactly how merchandise flows through your stores. 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, an auto-ordering system can be implemented to avoid the cost of carrying too much of any one product.

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

• Cost Savings – Between the cost of labor and the specialized equipment necessary for accurate data collection, we are less expensive than having your regular employees perform inventory.
• Lower Risk – Our specially trained auditors have years of experience in data collection and have no bias or conflict of interest. Their loyalty is to you, our client.
• Fast and Hassle-free – Our audit teams can perform an inventory count during business hours with no impact on store operations. If you prefer, we can even schedule your project overnight or over the weekend.
• Accuracy– Our guaranteed margin of error is +/- 0.05%.
• Investigation– As your inventory management company it is our responsibility to do more than just tell you where the problems are. Our auditors stay on-site after the inventory count has been completed to review the report with your staff and investigate any merchandise shortages.

Isn’t it time that your inventory service did more than just count and run?

Contact us today for a fast, no - obligation project estimate

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Grocery Stores

Our expert data collection teams are capable of performing a comprehensive, wall-to-wall count of your grocery store with ease. Some of the most common services we provide for our customers in the grocery industry 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
• Secret Shopper Evaluations
• Customized Reporting (over 200 reports available at NO EXTRA CHARGE)

Consider this... The average rate of shrink for a grocery store in the United States is equal to 2.76% of all sales*. This being said, a grocery store with monthly sales of $160,000 will lose over $55,000 per year to shrink!

Our process helps you uncover problem areas in your stores, identify high-risk items and correct deficiencies in your employee procedures, empowering you to make changes necessary to reduce shrinkage and improve profitability across the board.

Aside from savings, added benefits to your store include:

• Cost Savings – Between the cost of labor and the specialized equipment necessary for accurate data collection, we are less expensive than having your regular employees perform inventory.
• Lower Risk – Our specially trained auditors have years of experience in data collection and have no bias or conflict of interest. Their loyalty is to you, our client.
• Fast and Hassle-free – Our audit teams can perform an inventory count during business hours with no impact on store operations. If you prefer, we can even schedule your project overnight or over the weekend.
• Accuracy– Our guaranteed margin of error is +/- 0.05%.
• Investigation– As your inventory management company it is our responsibility to do more than just tell you where the problems are. Our auditors stay on-site after the inventory count has been completed to review the report with your staff and investigate any merchandise shortages.

Isn’t it time that your inventory service did more than just count and run?

Contact us today for a fast, no - obligation project estimate

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Liquor Stores & Tobacco Shops

Alcohol and tobacco products account for some of the highest-risk, highest-shrink items in the retail industry today. Take control with a customized inventory solution from PITT Inventory. Some of the most common services we provide to our clients in the liquor and tobacco store industry 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
• Secret Shopper Evaluations
• Customized Reporting (over 200 reports available at NO EXTRA CHARGE)

Our average client sees a reduction in alcohol and tobacco shrink of over 20%!

Perpetual inventory makes your employees and vendors aware that you have item-by-item control over the amount of inventory in stock at any given time. Depending on your POS or BOS platform, our in-house developers can custom build reports that will help you identify where the most shrink is taking place (by item, aisle, cashier or shift).

Added benefits to your store include:

• Cost Savings – Between the cost of labor and the specialized equipment necessary for accurate data collection, we are less expensive than having your regular employees perform inventory.
• Lower Risk – Our specially trained auditors have years of experience in data collection and have no bias or conflict of interest. Their loyalty is to you, our client.
• Fast and Hassle-free – Our audit teams can perform an inventory count during business hours with no impact on store operations. If you prefer, we can even schedule your project overnight or over the weekend.
• Accuracy– Our guaranteed margin of error is +/- 0.05%.
• Investigation– As your inventory management company it is our responsibility to do more than just tell you where the problems are. Our auditors stay on-site after the inventory count has been completed to review the report with your staff and investigate any merchandise shortages.

Isn’t it time that your inventory service did more than just count and run?

Contact us today for a fast, no - obligation project estimate

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