What does EzCount do for you?
EzCount is everything you need for your annual physical inventory count with a proven ROI
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Manual inventory count
20,000 SKU's/$1million inventory valuation
Equipment and Tools
Purchase cost $30,000 every 5 years
12 additional barcode scanners required for annual inventory count @ $2,500 per scanner = $30,000
Technology replaced every 5 years
Labour costs = $17,500
700 hours x $25/hour = $17,500 total labour cost* Count, record, enter and verify 20,000 items
@ 2 minutes per SKU
*Additional labor costs may be incurred if overtime is required.
Accuracy Risk
Cost of accuracy errors = $5,000
Accuracy Risk - Retail Industry Average Shrink is 2%. Admin and system errors account for 25% of industry average shrink. 0.5% of 1,000,000 = $5,000
Business Disruption
(Average inventory turns = 5/year)
2 days closed for business
sales opportunity loss of~ $80,000
Count inventory using EzCount
20,000 SKU's/$1million inventory valuation
Equipment and Tools
Renting equipment annually saves $2,250
Save thousands of dollars with EzCount's inventory rental kits. Rent 12 scanners and software @$3,750
Amortized purchase cost of $5,000 annually
Reduced labour costs $8,750
350 hours X $25/hour = $8,750 total labour cost*
Count, record, enter and verify 20,000 items
@ < 1 minute per SKU
*Additional labor costs may be incurred if overtime is required.
Accuracy Risk
Eliminating clerical errors saves $2,500
Using EzCount eliminates input and clerical errors such as product identification, transposing numbers, poor data entry, wrong part numbers etc.
Business Disruption
(Average inventory turns = 5/year)
No need to close for 2 days
No sales opportunities lost
*This content is a general breakdown of the costs and considerations involved, your values and time can be adjusted for your actual rates and durations involved.
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With over 30 years experience in the business of counting inventory, we are experts at physical inventory solutions and services. We make it easy to count inventory.
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