What is Inventory Shrinkage? Meaning.
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:
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Theft by employees (shoplifting) or customers.
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Inventory counting errors.
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Accounting errors.
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Fraud.
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Loss and damage.
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Perishability,
detoriation.
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Inventory Shrinkage Special Interest Group.
Special Interest Group (38 members)
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Forum about Inventory Shrinkage.
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The top-rated discussion topics about Inventory Shrinkage. Here you will find the most valuable ideas and practical suggestions.
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Advanced insights about Inventory Shrinkage. Here you will find professional advices by experts.
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Various sources of information regarding Inventory Shrinkage. Here you will find powerpoints, videos, news, etc. to use in your own lectures and workshops.
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Managing your Inventory: Quick Introduction to Just in Time, Stock Review and ABC Analysis Basic Understanding of 3Inventory Management Techniques (...)
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Special Interest Group Leader
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