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What are the main reasons in the inventory shrinkage, especially in inventory with 10000+ varieties?

Like Supermarkets & Departmental Stores

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Question ajoutée par NIZAR PUTTENKUNNU , Group Finance Manager , Refa Gifts Markets LLC & Group of Companies
Date de publication: 2013/08/27
Fawaz Haddadin
par Fawaz Haddadin , Certified General Manager/GEA , 7-Eleven Company

Hello There,,   From my experiance in Retail Management and Inventory Control here in the USA and I've been doing this for quite a while ,, the reason for your Inventory Shrinkage is almost always  INTERNAL THEFT ,,, It counts for over75% of any Profit Center,,, So my Friend alway keep an eye on the inside more than the outside..
I hope I was of help to your problem,, Warmest Regards, Fawaz Haddadin Chicago  

melchor dignadice
par melchor dignadice , Inventory Analyst , Dole Philippines Inc

common reason why shrinkage is beacause of internal theft.

Nour Al Marstani
par Nour Al Marstani , Factory Manager , AL NOOBI FURNATURE FACTORY 2012

1-           Poor communication with client, training the staff and checking their weakness  

2-           Delay in delivery, must be Commitment with the deadline

3-           Losing customers to competitors with better offerings, study the markets and our products

 

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

Thanks Fawas...
It is true that the main reason for the shrinkage is internal theft... 
Can you list out the others...

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