How to control the shrinkage

AnswerBot
1y

Shrinkage can be controlled by implementing strict inventory management procedures and training employees on theft prevention.

  • Conduct regular inventory audits to identify any discrepancies

  • Implement se...read more

Ajeet Ajith
7mo
shrinkage is high it means low profitability because a loss of inventory means a loss of profit on items that should have been sold.
AJAY PAL
10mo
Follow the BOOSTA As Blocking, over staffing, Over hanging, same similar, type of bin, above of the bin. Shrinkage control can be done by this
Sharath Margam
1y

I will inform to all employes your under worked in CCTV so your job is lost

Pramod Das
1y

Need to cross check Inventory & receiving very items.

Dhiraj Pandey
1y

Follow the BOOSTA As Blocking, over staffing, Over hanging, same similar, type of bin, above of the bin. Shrinkage control can be done by this

Ashit kumar Sinha
1y

After faceing problems in possitive method applying get results.

Anonymous
1y

New planing, creat strategy and implemen.

Anonymous
1y

High value article Daliy basic Counting

Chocolate Example Dariy Milk chocolate is high value shrinkage

Ajay Sinha
1y

Basicaly caring staff against loss

Gourav Verma
2y

Flow the sop and increase Sale

Pradeepkumar Mishra
2y

In which section f&v / Non-f&v

vikramrathod
2y
works at
Marksuem and ventures retail

Clarify Company Policies. Train Employees About Theft Prevention. Reduce Human Error With Checklists and Reporting. Conduct Frequent Inventory Audits. Set Up Signs and Video Surveillance. Hire a Loss ...read more

Dharavath Jawahar
2y

Properly received stock and check out checking properly and control in store shrinkage and observed customers and observed internal staff

Ashok Gupta
2y

By top most high shrinkage articles inventory on daily basis.

Anonymous
2y

They ask only to you how you have worked in previous retail outlet ,firsthey will see your experience in retail sector nd what was your designation and they only ask store related questions;nothing mo...read more

Akshat Batham
2y

Hlo Bishal, The main reasons of shrinkage are -wrong GRN(GOODS RECEIPT NOTE) and theft. We can control it by receiving correctly in a systematic manner and to ensure that we are posting it right. And ...read more

Reema Bhargava
2y

By proper recieving, proper GRN, it should count on daily basis minimum 50 articles billing should proper whatever billed only that article should out

Anonymous
2y

On daily basis we have aligned a manpower including security for top 100 article on daily basis for every dept. And rest working on inventory control . Work on ageing report . 90 days no saleable arti...read more

Anonymous
2y

There are many strategies to control shrinkage. Like frequently stock counting and comparing with system stocks, staffs should be trained to handel multiple customers, counting the stocks before and a...read more

Anonymous
2y

Receing and billing errors ,internal thefting and customer service

Anonymous
2y

Need to cross check Inventory & receiving very carefully

Raju
2y

all staff and security guard search  and 100 % hardtaking

Nagendra Thalari
2y

3 types of shrinkage

1. Internal theft

2. Process failure

3. External theft 

Anonymous
2y

Focus on daily globel count keep mantain Roster of globel count .Check daily inward & outward process .Mantain register of staff belonging.Daily review of all security staff .ensure merchandise will t...read more

Deepak Singh
2y

100% hardtaging and softtaging Daily basic segments counting and top 30 high value counting or low value and small product display at back side cash till

Gopal Kumar Paswan
2y

100% hardtaging and softtaging Daily basic segments counting and top 30 high value counting or low value and small product display at back  side cash till

khetrobasi sahu
2y

Daily wise we are doing GC count and If any shinkage we are take action plan ..  Same day Because of we are High value prices in store ...

Anonymous
2y

all staff and security guard search

pramod yadav
2y

all staff and security guard search 

Rakesh kumar
2y

Smoothly customer handling

Kilari Gouda
2y

Customer satisfaction  

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