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 Theft | 48.5% | $15.1 billion |
| Shoplifting | 31.7% | $9.7 billion |
| Administrative Error | 15.3% | $4.8 billion |
| Vendor Fraud | 5.4% | $1.7 billion |
| Total Inventory Shrinkage | $31.3 billion |
You can easily eradicate this problem by adopting Tag-N-Trace solutions.
