by Stockpile Reports | Dec 20, 2021 | Blog
Your financial statements require inventory measurements that are independent, consistent, and precise. And subjective assumptions such as density factors and base elevations require internal controls to ensure the integrity of your financial statements. The risks of...
by Stockpile Reports | Feb 6, 2020 | Blog
After concrete is poured at a construction site, the chutes of ready mix concrete trucks and hoppers of concrete pump trucks must be washed out to remove the remaining concrete before it hardens. It’s important that companies properly dispose of their washout in the...
by Stockpile Reports | Dec 30, 2019 | Blog
Stockpile inventory is a common use case for drones and it can simplify the audit process immensely. Drones have been able to solve a problem that many organizations face; a lack of resources. When year-end arrives, companies scramble to complete their annual...
by Stockpile Reports | Aug 20, 2019 | Blog, In The News, Measurements, Stockpile Reports
Managing your stockpile inventory levels and measuring your inventory turnover ratio is critical for operations and sales success. It allows you to show whether or not sales efforts are effective and if costs are being controlled. Determining your inventory turnover...
by Stockpile Reports | May 17, 2019 | Blog
Inventory is viewed as an asset with an assigned value, but too much inventory can hinder profit margins, reduce available cash flow, and end up costing you. As a bulk material (BM) company, it’s important to have the right amount of inventory on hand to meet the...
