Fight against inventory shrinkage and shoplifting

According to the National Association for Shoplifting Prevention, inventory shrinkage – a combination of employee theft, shoplifting, vendor fraud and administrative error – costs United States retailers over $31 billion every year. This has emerged from the latest National Retail Security Survey report on retail theft, which analysed theft incidents from 118 of the largest U.S. retail chains.

Source of Inventory Shrinkage% of Loss*$ Lost
Employee Theft48.5%$15.1 billion
Shoplifting31.7%$9.7 billion
Administrative Error15.3%$4.8 billion
Vendor Fraud5.4%$1.7 billion
Total Inventory Shrinkage$31.3 billion

You can easily eradicate this problem by adopting Tag-N-Trace solutions.

Fight against inventory shrinkage and shoplifting

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