Types of shrink

Question

Types of shrink

Accepted Answer

Shrink refers to the loss of inventory in a retail store. There are several types of shrink that can occur.

Shoplifting: When customers steal merchandise from the store.
Employee theft: When employees steal merchandise or money from the store.
Administrative errors: Mistakes in inventory management or paperwork that result in loss.
Vendor fraud: When vendors or suppliers deceive the store by overcharging or delivering less than what was ordered.
Damage or spoilage: Losses due to damaged or spoiled products.
Return fraud: When customers return stolen or counterfeit items for a refund.
Sweethearting: When employees give unauthorized discounts or free items to friends or family.
Online fraud: Losses due to fraudulent online transactions or cyber attacks.
Operational errors: Mistakes in store operations that lead to loss, such as incorrect pricing or mishandling of cash.

Accepted Answer

Shoplifting,
Return fraud,
Employee theft, and.
Administrative error

Accepted Answer

There are four major sources of inventory shrinkage in retail: employee theft, shoplifting, paperwork errors, and supplier fraud. And there's also a fifth category of shrinkage, which encompasses all the unknown reasons for loss

Types of shrink

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