Good Faith Receiving - GFR
Ensuring an accurate, efficient and transparent inventory receiving process with good faith receiving
How It Works
GFR - Good Faith Receiving
Good Faith Receiving (GFR) employs an auditing approach that assumes the accuracy of most supplier deliveries; enabling the goods to flow faster through the receiving distribution center. The validation of picking accuracy is achieved by auditing a representative sample of delivered goods. Initially, the supplier invoice is paid in full, and any identified discrepancies are addressed and charged according to an agreed-upon timeline. To streamline this process seamlessly, RGIS provides audit and reporting tools.
Audit Concept
GFR - Good Faith Receiving verifies goods without a full count, relying on a strategic sample for accuracy
Sample Selection
A small sample is chosen, representing the broader delivery, streamlining the audit
Assumed Accuracy
GFR operates on the assumption that the majority of supplier deliveries are accurate
Confidence Boost
By auditing a sample, retailers gain a high level of confidence in overall accuracy
Efficiency Focus
Eliminates the need for a full count, optimizing the audit process for efficiency
Precision Assurance
Meticulous sample checks ensure precision, offering assurance in the received goods
Reduced Work Load
Retailers avoid physically counting every item, reducing the workload associated with audits
Reliable Verification
GFR provides a reliable verification method, balancing accuracy with operational efficiency
Why RGIS GFR - Good Faith Receiving?
Elevate your supplier deliveries with RGIS's good faith receiving checks. Our seamless process not only enhances efficiency and accuracy but also ensures meticulous recording of shrink through effective claims management.
- We have worked in retail for 65+ years and bring unparalleled expertise to supply chain, inventory-receiving processes and good faith receiving
- Detailed checks and comprehensive reporting instil confidence in effective claims management
- We provide accurate and efficient inventory stock recording, providing enhanced visibility through intuitive dashboards
- Our nationwide presence, coupled with local support throughout the USA, ensures that we are always within reach, ready to optimize your operations and elevate your inventory management experience with good faith receiving
- Supply chain audits are also available
Trust RGIS to optimise your operations. If you would like RGIS to safeguard your inventory integrity, please get in contact.
