BUISENESS MANAGEMENT
MERCHANDISING
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Which source is responsible for the highest percentage of inventory shrinkage?
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Administrative error
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Shoplifting
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Vendor fraud
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Employee theft
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Explanation:
Detailed explanation-1: -According to SheerID, the reasons for inventory shrinkage are: Employee theft: 42.7% Shoplifting: 35.6% Administrative: 15.4%
Detailed explanation-2: -Theft/shoplifting: Inventory can be stolen at any point in the supply chain, internally by employees and externally by customers. In retail, for example, theft accounts for 65.5% of all shrinkage, according to the NRF survey.
Detailed explanation-3: -Employee theft is a major source of inventory shrinkage. In fact, the 2020 National Retail Security Survey states that a single dishonest employee costs a company on average over $1, 100.
There is 1 question to complete.