Inventory Shrinkage

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Description of Inventory Shrinkage. Explanation.

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Definition Inventory Shrinkage. Description.


Inventory Shrinkage is the difference between the booked inventory a company should have as a result of its sales, purchasing and manufacturing processes and the  actual inventory it has on hand. It is an unplanned and unwanted loss of inventory.


Major sources of shrinkage include:

  • Theft by employees (shoplifting) or customers.

  • Inventory counting errors.

  • Accounting errors.

  • Fraud.

  • Loss and damage.

  • Perishability, detoriation.


Inventory Shrinkage Forum
  What is Let-size Inventory?
What is let-size inventory?
And what are the conditions which suggest to apply this type of inventory?...
     
 

Inventory Shrinkage Special Interest Group


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Best Practices - Inventory Shrinkage Premium

Expert Tips - Inventory Shrinkage Premium

Resources - Inventory Shrinkage Premium

Managing your Inventory: Quick Introduction to Just in Time, Stock Review and ABC Analysis

This video gives a brief introduction to three popular Inventory Management Techniques:
1. JIT (Just in Time):
Involves having orders arrive...
Usage (application): Basic Understanding of 3Inventory Management Techniques
 
 

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