Reduce Inventory Shrinkage – Theft, Damage, Expiry

Shrinkage eats into profit. Here’s how to reduce it.

Types of Shrinkage

1. Theft – Customer or staff
2. Damage – Handling, storage, transit
3. Expiry – Perishables not sold in time
4. Errors – Wrong count, wrong billing

Prevention Steps

• Regular counts – Compare physical vs records
• Expiry tracking – Sell or discount before expiry
• Secure storage – Lock high-value items
• Accurate recording – Record every in/out
• Staff awareness – Train on proper handling

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