Stores SOP,describe the process to control shrinkage . before company work experience

Question

Accepted Answer

The process to control shrinkage in stores involves implementing strict inventory management procedures and conducting regular audits.

Implementing a system for tracking inventory levels and monitoring stock movement
Conducting regular audits to identify any discrepancies or losses
Training staff on proper inventory management procedures and the importance of minimizing shrinkage
Implementing security measures such as CCTV cameras and security personnel
Investigating any incidents of shrinkage and taking appropriate action
Regularly reviewing and updating the SOP to ensure it remains effective

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