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What is Shrinkage Calculation in Inventory ?

<p><strong>Causes of shrinkage include:</strong></p> <span>·<span>  </span></span>Employee Theft or Shop lifting <span>·<span>  </span></span>Administrative errors such as shipping errors, warehouse discrepancies, and misplaced goods. <span>·<span>  </span></span>Cashier or price-check errors in the customer's favor. <span>·<span>  </span></span>Damage in transit or in the store. <span>·<span>  </span></span>Paperwork errors. <span>·<span>  </span></span><span>Perishable goods not </span><span>sold within their shelf life.</span> <span>·<span>  </span></span><span>Vendor fraud</span><span>.</span>

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Question added by Nasir Bashir , Administrative Clerk , Najmat Al Shab Passenger Transport LLC
Date Posted: 2014/10/04
Imran Sohail
by Imran Sohail , Supermarket Manger , The Sultan Center

Causes of shrinkage is Employee Theft or Shop lifting, Administrative errors such as shipping errors, warehouse discrepancies, and misplaced goods, Cashier or price-check errors in the customer's favor, Damage in transit or in the store, Paperwork errors, Perishable goods not sold within their shelf life,Vendor fraud

Deleted user
by Deleted user

is the loss of products between point of manufacture or purchase from supplier and point of sale.

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