Why Not?

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You already have a service?

We can give you 3 good reasons why LBS would still be a good partner for your business.

  1. We can be your on call service in the event of an emergency or for special situations such as acquisitions and divestitures, one of our specialties. We can usually respond within 24 hours.
  2. We can also be a back up service for you in the event that your primary provider has scheduling difficulties.
  3. Having LBS as a secondary provider will help keep your primary provider on their toes and delivering the service that you deserve.

You have an internal inventory crew?

Some of our clients used to have internal inventory crews. In addition to the bias risk associated with an internal crew they are usually less productive and more expensive than an external service. Calculate your audit cost per store as you fill in the blanks with our internal vs. external application.  After you find how much it costs contact LBS to find out how much you can save.

Why not try our calculator to see how LBS can save you money!

Below is an example of the spreadsheet you will be working with.

If you have trouble using the application, you may download the Excel worksheet here. Please right-click on the link below and select "Save As". You must have Excel installed on your computer in order to use the Excel worksheet.

Excel Worksheet Download

Internal Vs. External

How much does it cost to count your stores?   Fill out the worksheet below to see.

Base Salaries

Set the rate for one if you enter annual salaries.

   
 

Rate

Quantity

Amount

Employee

1

36000

$36,000.00

Employee

1

29000

$29,000.00

Employee

1

25000

$25,000.00

Employee

1

21000

$21,000.00

Employee

1

18000

$18,000.00

 

Total Employees

   

Total Salaries

5

 

$129,000.00

Payroll Expenses

     
 

Rate

Quantity

Amount

FICA

6.20%

$129,000.00

$7,998.00

Medicare

1.45%

$129,000.00

$1,870.50

FUTA

$56.00

5

$280.00

SUTA

$150.00

5

$750.00

Worker's Compensation

1.00%

$129,000.00

$1,290.00

Miscellaneous

   

$-

Total Payroll Expenses

   

$12,188.50

Benefits

Include only the company portion of this expense.

   
 

Rate

Quantity

Amount

Health Insurance

400

12

$4,800.00

Health Insurance

400

12

$4,800.00

Health Insurance

250

12

$3,000.00

Health Insurance

250

12

$3,000.00

Health Insurance

150

12

$1,800.00

Retirement Plan

3.00%

$129,000.00

$3,870.00

Total Benefit Expenses

   

$21,270.00

Vehicles

Be sure to include Fuel, Insurance, and Maintenance

   
 

How Many

Yearly Cost

 

Company Cars

3

6000.00

$18,000.00

Travel Expenses

How much time on the road is there.

   
 

Rate

Quantity

Total

Motels

40

60

$2,400.00

Meals

15

60

$900.00

Miscellaneous

100

12

$1,200.00

Total Travel Expenses

   

$4,500.00

Equipment & Supplies

Estimate an average monthly amount

   
 

Rate

Quantity

Total

Cost

75

12

$900.00

Maintenance

400

12

$4,800.00

Supplies

100

12

$1,200.00

Total Equipment Expense

   

$6,900.00

Total Expenses

Check your category totals and make adjustments as needed.

   

Total Annual Expenses

   

$191,858.50

Store Audits

     

How many Stores?

66

   

How many Audits each year?

12

   

Total Audits Per Year

792

Cost Per Audit

$242.25

Why not try our calculator to see how LBS can save you money!

 

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