Internal Theft Prevention</li></li></ul><li>WHAT IS INVENTORY SHRINKAGE?<br /><ul><li>Inventory shrinkage is the term used to describe the loss of inventory.
For Example</li></ul> If the inventory records of a retailer report that 3,261 units of Product X are on hand, but a physical count indicates that there are only 3,248 units on hand, there is an inventory shrinkage of 13 units. <br />
REASONS FOR INVENTORY SHRINKAGE<br /><ul><li>Theft by Employees (Shoplifting)
The carrot includes things like fair compensation, a good working environment, employer sponsored activities that improve morale, good communication and concern for success of a company
The only way is to reach some employees is through a stick of an effective security program and straight forward policy of prosecuting any employee caught stealing </li></li></ul><li>CARROT<br /><ul><li>Reward good people by paying commissions
People like discount, set an Employee Pricing level for some or all of your Inventory
You can even expand on this by allowing staff to sell a certain amount of inventory at Employee discount to friends and family