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How to Optimize Your Retail Recovery Audit Program

How to Optimize Your Retail Recovery Audit Program

Merchandise recovery audits are an effective way to make a positive impact on the retail bottom line. Through a retrospective review of their accounts payable ledger, retailers can recoup funds lost due to overpayments, underdeductions, and simple human error.

In this e-book, we’ll share current retail industry best practices and explain the four categories of audit program optimization:

  • Setting guidelines: agreeing on standards and procedures to ensure efficiency and maximize returns.
  • Expanding the scope of audits: new audit approaches and ways to add more value.
  • Accelerating timelines: methods to accelerate and streamline audit timing and turnover schedules.
  • Improving supplier relationships: mitigating any friction in vendor relationships when an audit is underway.

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