Shrink by Category

 

The first step in the shrink prevention process involves accurate measurement of the causes, effects, and costs of shrink. Companies often expend great amounts of time, energy, and expense in their attempts to reduce and prevent shrink, but sometimes fail to adopt basic operating disciplines that enable them to know precisely how much shrink they actually have. To determine shrink loss, respondents reported on the following nine operations categories and four theft categories.

 

 

Where's the Shrink?

CATEGORY

SHRINK CONTRIBUTION

Ordering Inefficiencies 14%
Production Planning 11%
Product Handling Errors 9%
Employee / Cashier Errors 9%
Rotation Errors 8%
Receiving Errors 4%
Damaged / Unsalable Goods 4%
Scan File Errors 3%
Accounting Errors 2%
OPERATIONS 64%
Shoplifting 13%
Cashier Theft 11%
General Employee Theft 9%
Vendor Theft 3%
THEFT 36%

 

 

For additional questions regarding categories of shrink loss, operational best practices, or higher profit, call 602.448.8502 or email info@wheresmyshrink.com.

Where's My Shrink

E-mail: info@wheresmyshrink.com

C: 602.448.8502
O: 623.581.1199
F: 623.581.1299