ENTREPRENEURIAL OPERATIONS
INVENTORY MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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recorded
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valued
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issued
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monitored
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Detailed explanation-1: -Pilferage is generally an act of stealing items or things of little value. It can be seen from two main aspects such as inventory and marine thefts. From the inventory aspect, pilferage causes a reduction in the inventory as a result of shoplifting or an act of stealing by employees.
Detailed explanation-2: -7 ways to reduce the risk of employee theft in the warehouse: Monitor staff – and make sure they know you’re doing it. Make stealing unacceptable. Be aware of seasonal risks. Have stringent processes in place to check paperwork. Rotate staff shifts. Keep the warehouse organised. More items
Detailed explanation-3: -Know your employees. Be alert to key indicators of potential theft such as: Supervise employees closely. Use purchase orders. Control cash receipts. Use informal audits. Install computer security measures. Track your business checks. Manage inventory and use security systems. More items