The Elite Inventory Group
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The Elite Inventory Group
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The Elite Inventory Group
Dec 26, 2024
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!
WASP Inventory software bundle. Try a free demo today!
TIP of the month!
What does Federal Income Tax regulations require concerning annual inventories?
Proper accounting procedures and Federal Income Tax Regulations require that all inventory items are counted at least on an annual basis. While most retailers count their inventory at the end of their fiscal or accounting year (usually at the end of January or July), this is not required and may not be practical, especially if the fiscal year ends on the calendar year (required of all Individual Proprietors, Partnerships and Sub S Corporations) before final holiday clearance events and during a frantic holiday and return season.
As long as the entire company’s inventory is counted at least once per year, it is acceptable. Even cycle counts are allowed as long as all inventory is counted during an annual cycle. Yet cycle counts as an annual physical may not be the most accurate way to count your particular inventory.
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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