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متابعة

How to control shrinkage at store ?

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تم إضافة السؤال من قبل Nisar Khan , Sr.Buyer " Fashion Retail-Textile" , Fawaz Abdullaziz Al Hokair & Co.
تاريخ النشر: 2014/04/22
wildan rijali
من قبل wildan rijali , Analis Implementation , PT. Kamadjaja Logistics

There is no one shrinkage solution for all retailers since every retail store is unique.  Solid accounting procedures and systems must be developed specifically for your store and scrupulously followed at ALL levels.  Employees must be properly trained to follow correct procedures.  Management must follow up to see that procedures are being followed.  In other words, good management will help reduce the temptation and conditions favorable for dishonesty and theft and reduce your shrinkage losses.

Shrinkage is a variable and controllable expense.  Management's attitude toward and tolerance level for shrinkage is the controlling factor.

NIZAR PUTTENKUNNU
من قبل NIZAR PUTTENKUNNU , Group Finance Manager , Refa Gifts Markets LLC & Group of Companies

The main reason for the shrinkage is the theft by employees.  If you can introduce a system to monitor the staff, you can control the shrinkage to some extend. Other possible reasons, error while receiving, improper handling, wrong punching, etc.

ziad itani
من قبل ziad itani , Stock Controller And Distribution Manager , baud telecom company (btc)

To control a store you need to:

1- Confidence employees

2- Follow-up officer

3- Stock Controller.

4- System adminstrator.

5- Double check and Matching between  Excel sheet & System.

6- Daily report.

7- weekly inventory.

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