🇦🇺Australia

Stock Errors in Receiving Process

1 verified sources

Definition

Infoware highlights scanning reduces picking/stock errors; manual processes lead to overstocking, tying up capital in photo equipment.

Key Findings

  • Financial Impact: AUD 5,000-30,000/year in excess inventory costs; 10-20 hours/month on error fixes
  • Frequency: Daily receiving/picking operations
  • Root Cause: No RF barcode scanning for serial numbers in inventory receiving

Why This Matters

The Pitch: Wholesale photography firms in Australia 🇦🇺 incur AUD 25,000+ yearly in error corrections. Serial tracking automation cuts unnecessary supplies and waste.

Affected Stakeholders

Warehouse staff, Purchasing managers, Accountants

Deep Analysis (Premium)

Financial Impact

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Current Workarounds

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Methodology & Sources

Data collected via OSINT from regulatory filings, industry audits, and verified case studies.

Evidence Sources:

Related Business Risks

Inventory Shrinkage from Poor Serial Tracking

AUD 20,000 - 100,000 annually in shrinkage (2-5% of inventory value for photo equipment wholesalers)

Overbooking Losses from Manual Tracking

AUD 10-50 per overbooked item x 100+ incidents/year; 20-40 hours/month manual reconciliation

High Accounts Receivable Days

AUD 2,000/month interest equivalent on AUD 500k AR at 20 days excess DSO

Delayed GST Invoicing Penalties

AUD 222 minimum penalty per late BAS + 2-5% revenue loss from high DSO (45+ days)

BAS Lodgement Failure Fines

AUD 222 per late BAS lodgement + AUD 1,100+ for serious non-compliance

Unbilled GST on Mixed Supplies

1-3% of invoice value in missed GST recovery (e.g., AUD 30 on AUD 1,000 invoice)

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