Is perfect inventory possible in an imperfect world?
July 9, 2024Stock Accuracy Forum 2024 – Orridge’s second stock file accuracy forum takes a deep dive into everything from…
Read MoreDo your employees spend hours every week checking through supplier deliveries that are almost always correct? At times, it can feel like a completely unnecessary task, especially if you work in an environment with several deliveries per week, or even per day – that’s what Good Faith Receiving (GFR) is here to solve.
How does it work?
Your deliveries will be checked several times throughout the supply chain, and when your staff come to do it, it can feel like an expensive and unnecessary task. Occasionally, you’ll catch one delivery that isn’t quite right, but then it’s up to you to get in touch with the supplier, sort out a separate delivery date or change the agreed payment.
These sample checks are then extrapolated to gain an overall insight into the full delivery. GFR isn’t about stopping the checking process completely or removing established conventions. It’s about improving efficiency and reducing expenditure, allowing you to focus on more important aspects of your business while deliveries are handled without any hassle.
GFR is designed to remove the need for this process, saving both you and your supplier valuable time and money by receiving your stock without thorough checking. While this might seem like an odd process, our highly trained auditors will conduct sample checks on deliveries and provide you and your suppliers with the tools you need to continue the process.
Orridge can provide you with the support to help guide you through the set-up process, including this can include supplier engagement, business case analysis and on-site support.
The benefits
Good Faith Receiving can help you save time, minimise admin and reduce costs.
Operating throughout the UK and mainland Europe, we provide tailored stocktake and supply chain solutions, including core line audits, good faith receiving, and on-shelf availability, to a range of key market sectors.
We specialise in all areas of healthcare from doctors’ surgeries, hospitals and other medical service providers.
FIND OUT MOREUsing your retail requirements as a foundation, Orridge harness our operational and technical expertise to deliver a bespoke package that will exceed your initial vision.
FIND OUT MOREOrridge are the specialist providers of supply chain management and stock auditing solutions, helping you maximise the effectiveness of these processes while also reducing time and expenditure.
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