Work profile How to control shrink

Question

Accepted Answer

Shrink can be controlled by implementing strict inventory management practices and conducting regular audits.

Implementing a system for tracking inventory levels and conducting regular audits to identify any discrepancies
Training employees on proper inventory management practices and the importance of reducing shrink
Implementing security measures such as surveillance cameras and security tags on high-value items
Conducting background checks on employees to prevent internal theft
Establishing relationships with suppliers to ensure the quality and accuracy of incoming inventory
Regularly reviewing and updating policies and procedures to address any new risks or challenges
Analyzing sales data to identify trends and potential areas of shrink
Conducting regular physical inventory counts to ensure accuracy

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