StockpileReports.com was launched in 2013, by experienced scientists and engineers in the computer vision field, to help companies achieve accurate, perpetual inventories through more frequent physical inventory counts. Subscription-based software along with project management and consulting services, are provided by the company to enable companies to perform a fast, and low-cost physical inventory count. The web portal allows employees to successfully plan the count, perform the count, and review and approve the results. Software is provided that enables customers to collect their own imagery using drones and iPhones. To completely eliminate field labor, customers can choose to leverage a fleet of over 35 aircraft to rapidly capture aerial imagery across North America. Now physical inventories that used to take companies 3 to 5 weeks– or even 3 months for large nationwide operations, can be completed in 3-5 days.
Over the last 3 years Stockpile Reports has worked with over 125 companies in 18 countries performing physical inventory counts at over 1,625 locations. Based on this experience Stockpile Reports believes that more frequent physical inventory counts (quarterly or monthly) is the most effective way to enable accurate perpetual inventories with accuracy levels similar to other retail and manufacturing businesses – and reduce write-offs. After all, every stockpile is cash sitting on the ground.
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