The Elite Inventory Group
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The Elite Inventory Group
- Jan 19
The Elite Inventory Group
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The Elite Inventory Group
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 Barcode scanning & Financial inventoriesCorrect software Inventory Quantities. Reduce Shrink. Calculate Profit/Loss. Transfer Ownership |  Fixed and Capital Asset InventoriesControl Costs. Reduce Property Taxes. Determine proper Insurance Coverage |  Home & Personal Property Inventoriesand Probate Estate audits with Asset Photo & Videography services. Secure your Valuables |  Retail, Healthcare, Industrialand Education. There's no inventory we can't count! |  Local, State & Federal GovernmentAre you tracking Fixed Assets, Vehicles, Equipment and Consumables? |
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 Cutting Edge Inventory ServicesSoftware and Systems |  POS & Tracking SystemsBuilt To Order. Hardware, Software and Peripherals. Shop our products store Today! |
Serving MD, DC, VA, WV, PA, NJ and DE since 1998
Professionalism - Service Quality - Affordability
Expert Inventory Professionals
We are a full service inventory management company with 30 years of experience. Inventory assets typically represent 45-90% of a companies expenses. Not controlling them correctly can be financially fatal. When controlled properly you balance inventory levels in proportion to demand, minimize shrink, reduce stock-outs, overstock & markdowns that erode profits and paralyze cashflow. You learn your product cycles, lead times, order points and ensure accurate, timely tracking and accounting.
Get a quote today or schedule a consultation! We can count your inventory and if desired customize a profitable inventory control plan & software system for your business.
Featured Product of the month!
Vend - Lightspeed Retail POS software. Try a free DEMO today.
TIP of the month!
Mark up VS Margin?
Profit margin and markup are separate accounting terms that use the same inputs and analyze the same transaction, yet they show different information. Both profit margin and markup use revenue and costs as part of their calculations. The main difference between the two is that profit margin refers to sales minus the cost of goods sold while markup is the amount by which the cost of a good is increased in order to get to the final selling price.
An appropriate understanding of these two terms can help ensure that price setting is done appropriately. If price setting is too low or too high, it can result in lost sales or lost profits. Over time, a company's price setting can also have an inadvertent impact on market share, since the price may fall far outside of the prices charged by competitors. More on this next month.
Are you tracking your inventory & monitoring your success? Call today and see our Products line for affordable hardware & software tracking solutions.
Our Services
Profit margin shrinking? Our Shrink & Loss monitoring service can help!
Sample Reports
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Monthly cycle counts @ a 25% discount
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3-Month cycle counts @ a 20% discount
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4-Month cycle counts @ a 15% discount
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6-Month cycle counts @ a 10% discount
Cycle counts done on schedule @ a discount!
Total inventory cycle counts VS Typical?
By tracking and monitoring inventory on a frequent & structured basis a company can significantly improve the accuracy of its inventory quantities and financial reporting. The consistent monitoring of management will keep employees honest and reduce theft & other forms of shrink. It results in better decision making about reorder points, out of stock inventory and excess inventory. It can help you to locate items & depts of high discrepancy and then determine the cause in time to prevent thousands of dollars in lost profit.
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