Answer:Clarify Company Policies.Train Employees About Theft Prevention.Reduce Human Error With Checklists and Reporting.Conduct Frequent Inventory Audits.Set Up Signs and Video Surveillance.Hire a Loss Prevention Manager.Triple Check Your Vendors.Take Advantage of Technology. There are four main causes of shrinkage: shoplifting, employee theft, administrative errors, and fraud. Understanding how shrinkage happens in retail stores is the first step in reducing and preventing it.
Retailers often assess their teams' performance based in part on their ability to reduce inventory shrinkage. Loss prevention managers are often responsible for implementing policies to reduce fraud and selecting anti-theft technologies, as well as overseeing day-to-day store security and investigating problems.
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