Take Control – Prevent Stock Loss

In today’s demanding environment it’s essential to continually search for ways to gain a competitive edge. "Wickes" inventory is crucial to delivering the stock loss strategy" for which Orridge plays a pivotal role by enhancing accuracy in stock cycles, ensuring shrinkage reduction actions that can be aligned with confidence. With a group turnover of £1,454m (as part of the Travis Perkins Group) Wickes’ product range contains 6,000+ own-brand products to a growing portfolio of 198 stores, offering over 3,500 products online.

“Orridge has added considerable value to our inventory processes”

Stocktake History…

Orridge has been Wickes’ chosen partner for over a year. The first trial stocktake took place in January 2009. Orridge continuously counts at various locations across the UK all year round. Wickes previously outsourced its stocktaking to a company using a manual process.

“Orridge offered an expert technology solution”

Reasons for stock counts

* Stock management / accountability
* Confirms the identity of true shrinkage rates
* Supports efficiency process for stock cycle
* Clearly agreed cost and KPI’s

“ Wickes’ inventory is cruicial to delivering the stock loss strategy”

Where do we go from here?

* Planogram checks
* Price checking
* Think 21 due diligence checking
* Tagging and stock protection compliance
* Growing and diversifying store portfolio for 2010 – 11

“Orridge offers a flexible service, coinciding with Wickes’ seasonality of sales and product range reviews”

Overall outsourcing with Orridge provides:

“Reliability, stock file accuracy and stock loss reporting, a flexible approach, along with continual developments on latest technology”

Phil Smith, Loss Prevention Manager – Wickes