How to control shrinkage

Question

Accepted Answer

Shrinkage can be controlled through implementing strict inventory management procedures and conducting regular audits.

Implement strict inventory management procedures to track all products entering and leaving the store.
Train employees on proper handling of merchandise and the importance of preventing theft.
Conduct regular audits to identify any discrepancies in inventory levels and address them promptly.
Utilize security measures such as surveillance cameras and security tags to deter theft.
Collaborate with law enforcement to investigate and prosecute cases of theft or fraud.
Analyze data to identify trends and patterns that may indicate areas of high shrinkage.
Implement loss prevention strategies such as employee screening and background checks.

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