Dec
20
What is Inventory Shrinkage: Causes and Prevention Tips
Inventory shrinkage might seem like a dull business term, but it’s something you should definitely pay attention to. If you’re managing a retail or online store, shrinkage can quietly eat away at your profits without you noticing.
But don’t stress, with a bit of understanding, you can catch it early and stop it before it causes serious damage.
In this post, we’ll explain what inventory shrinkage means, why it occurs, and how you can stop it from hurting your business. Ready? Let’s begin.
Check out: What is inventory turnover?