How to prevent loss in your company and track last shrink

Question

Accepted Answer

Prevent loss by implementing inventory control measures and tracking shrink through regular audits.

Implement inventory control measures such as regular stock counts and tracking of sales and purchases
Train employees on proper handling and storage of products to prevent damage and spoilage
Conduct regular audits to track shrink and identify areas of improvement
Investigate any discrepancies in inventory and take corrective action
Utilize technology such as RFID tags and surveillance cameras to monitor inventory and prevent theft
Collaborate with vendors to ensure timely and accurate deliveries
Analyze data to identify trends and make informed decisions to prevent future losses

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