When it comes to managing your inventory, preventing inventory shrink should be on the top of your list. Whether you’re dealing with theft or human errors, inventory loss can turn into one of your top inventory costs. Learn ways you can prevent inventory loss in your store.

1. INVENTORY LOSS
GUARDING YOURSELF AGAINST
THEFT AND ERROR

2. When it comes to managing your inventory, preventing
inventory shrink should be on the top of your list. Whether
you’re dealing with theft or human errors, inventory loss
can turn into one of your top inventory costs. But what if
we told you there were ways to prevent massive loss?

3. Store Improvements

4. Invest in a POS and inventory management system to
eliminate losses by having full visibility into your inventory.
Conduct physical inventories so that you have the most
accurate count and catch any errors you might have made
inputting new inventory.
Install sufficient security to be able to pinpoint who might
be causing your inventory loss.

5. Employee Improvements

6. Be selective in your hiring to ensure you can trust all of
your employees.
Better training will help your employees master using your
POS and inventory management system to reduce loss
through human error.
Interact with every customer to offer a personalized
experience and give each shopper an identity to make them
less likely to steal from you.

7. Vendor Accountability

8. Invoice matching helps ensure no mistakes were made and
you received everything you were charged for.
Audit your orders to make sure you’re not missing inventory
and everything is in good condition.

9. To learn more about preventing inventory loss
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