Welcome, and congratulations on your choice to use Mango Report®
to help your store achieve true inventory accuracy. If you have not yet read our Operational
Level overview then please do so before continuing on with
this
Level training. If you are reading this section then your store is either new to Mango or is trying to achieve higher Count Sheet Completion to move to your next Operational Level. Either way, you're in the right spot.
Count Sheet Completion or "Completion" is your first Operational
Level. It's called Level Zero because it
is a
prerequisite to utilizing Mango's accuracy system. Completion measures
the
percentage of SKUs counted (have received an updated Last Physical Inventory)
that were listed on your monthly Count Sheets. Your store goal should
be
100% although 95% is considered achieved for this level. 100%
Completion
means every SKU listed on your Count Sheets was counted (received an updated
Last Physical Inventory Date).
Each month your store receives a Count Sheet.pdf as an attachment to Mango's
Action Email. Your Count Sheets have between 300-400 (depending on store
size
and season) carefully-chosen SKUs listed to be counted. Your store's goal
is
to accurately count each SKU before the end of the month. By "counting" we
mean
each SKU's physical quantity-on-hand (QOH) is carefully verified against
your
computer's QOH record. This is usually accomplished using an RF gun and PIP,
however, many stores successfully process Count Sheets without the aid of
an
RF gun.
Click on each task in the checklist below for instructions and help. Good
luck
and please let us know if
you need support
along the way!
-
Time & Difficulty Expectation Level Difficulty Time Resources & Notes Operational Level 0 - Completion Easy 3 months Devote labor to counting SKUs on monthly Count Sheets. Operational Level 1 - IRA Hard 1-2 years Commit to IRA Checklist: Inventory Coordinator, Variance Research, Cashier Testing, Shooting Outs, etc. Store culture embracing accuracy from put-away to check-out. Adhere to Best Practice. Operational Level 2 - Dollar Accuracy Easy 1-3 months Easy fix if Boundary problem or cleaning phantom inventory (if new to Mango). If a result of Shrink (Op. Level 3) then working on Shrink will eventually resolve. Operational Level 3 - Shrink Hard 1 year Commit to Shrink Checklist especially Variance Worksheet, and classifying inventory as appropriate. Operational Level 4 - Efficiency Easy 6 months Simply count inventory less frequently. Level Difficulty Time Resources & Notes Productivity Level 0 - Unproductive Hard 1 year Commit to Closeout Management (COM): monthly identifying SKUs, importing markdown sequence, and deploying closeout bin tags. Actively reduce Overstock. Unproductive measure lags, consider using COM Fusion for the lead measure. Productivity Level 1 - In Stock Easy 1 year Simply process Mango In Stock Opportunity on the Retailer Analytics Dashboard (RAD). In-Stock Measure lags considerably. Consider using In Stock Fusion for the lead measure. Productivity Level 2 - Assortment Easy 3 months Simply add inventory from Mango Assortment on the Retailer Analytics Dashboard (RAD). Stores with limited square footage may have a hard time passing this level without expanding retail space. Pep Talk
The level difficulty will vary depending on your store's current inventory position and store operations, versus the level goal and best operational practice. Do not get overwhelmed, simply select your level and work down its checklist. Achieving and maintaining inventory accuracy and productivity is a day-to-day effort involving the whole organization, and is best ingrained in your store's operational culture; it takes time to move the needle sometimes. The work is worth the effort though, an accurate and productive store is easier to manage, has less theft risk, results in optimized inventory investment, and better sales.
Operational Level 0 - Completion Checklist | |
---|---|
Task | Date Completed |
PIP Overview | |
Count Sheets | |
Understanding Completion | |
Maintaining Inventory Accuracy | |
Track Count Sheet Progress | |
How to Count |