How can you reduce shrinkage in your warehouse?

We have found that monitoring and controlling shrinkage in a cost effective way for small to medium size retail businesses is conducting regular inventory audits in respect of the physical and computerized inventory. We have also added a logging for products in the system for after sales documentation so greater efficiency is exercise in monitoring outflows and security of products. We know that electronic tagging can add more efficiency in product tracking but is also an expensive measure which most retail companies may find it difficult to keep up with technological changes in respect to cost effectiveness.

Cycle counts combined with physical counts and taking appropriate followup actions on discrepancies. Logistics and finance should perform analytics on shrinkage and write offs as well as ensure appropriate check controls are in place for write offs. Training of staff and the availability of written procedures to follow is essential in maintaining a strong control environment .

In most of morden companies they use smart tags to track inventory and it always worth investigating in proper storage and automation. Another way of reduce risk is by managing aging of product specially in FMCG industry

we can control the shrinkage by : - expert staff lead the stock movement in the warehouse . - follow set process of the inventory cycle by logistic manager . - Use proper system while creating the product with right barcode and item code . - ensure the scan and track every single stock in or out for inventory item. - Random stock count time to time . -Audit the stock count and give the feedback to enhance the process .

Always update your ABC classification and make use of simple tools like packaging small parts in multiples so counting is flawless and smart

Educating the warehouse staff about the impact of shrinkage and providing them with strategies to recognize and prevent theft can be a proactive approach. This not only empowers them to be vigilant but also fosters a culture of responsibility and accountability, contributing to a collaborative effort in reducing shrinkage. Integrating both systematic inventory audits and employee education creates a comprehensive strategy to address shrinkage from multiple angles.

Good points. I agree, but I would add: 1). Know what your events are 2). Ensure proper ordering by using units sold per customer : a- type of event b- Time c- Day of the week 3). Know the attendance levels 4). Using FIFO properly 5). Doing daily perpetual inventories with key items

Contar con tableros de comunicación en almacén es una manera muy adecuada de que el equipo de trabajo esté informado de sus resultados y como impactan en el control de la mercancía Merma Días de inventario Sobre inventarios Productos da?ados Etc.

It only comes down to an acronym: F.I.F.O. Whether it's consumables, fashion, or technology you have to continuously be turning over product. Keep it fresh, keep it in supply, keep it current or else you'll fall behind and be stuck inventory no one will purchase at a decent price. Stay within the prime market for in-demand goods by keeping up with the news. If you run out, then you will catch the next wave of interest and enthusiasm from consumers.

In my experience, selectors play a huge part in limiting shrink. Whether it’s being too careless with merchandise and inadvertently damaging product, over selecting, or under selecting items. These mistakes can cause various amounts of known shrink or unknown shrink downstream. In a world where cases per hour are prioritized, we also must prioritize proper selection and handling of products.

Procedimentos de controle de estoque: Implemente procedimentos rigorosos de controle de estoque para rastrear todos os itens que entram e saem do armazém. Seguran?a cibernética: Proteja seus sistemas de TI contra ataques cibernéticos para garantir que seus dados de estoque estejam seguros. Treinamento de funcionários: Treine seus funcionários sobre a importancia da seguran?a do armazém e ensine-os a identificar e relatar atividades suspeitas.

Si bien es cierto un almacen debe tener las medidas de seguridad adecuadas, la realidad es que en caso de siniestros aplica por lo regular un seguro que debería tener la empresa. El punto que muchas veces no se visualiza es el robo hormiga que se da de forma "Peque?a" pero constante, ahí es donde se deben mejorar procesos de control.

La revición constante de los racks, el equipo movil, montacargas, pisos, carretillas eléctricas iluminación, rampas etc forma parte fundamental de las conservación del producto.

Si bien es muy importante la seguridad física del almacén es muy importante tener como prioridad el seguir las normas y procedimientos establecidos para asegurar una operación adecuada y segura. El correcto llenado de formatos tanto para ingresos, salidas y transferencias de material nos ayudará a asegurar el correcto flujo de los materiales tanto dentro como fuera de la empresa

Enhance Security Measures: Install surveillance cameras, access controls, and alarm systems. Ensure proper lighting, secure entry points, and employee training on security protocols.

The best way to eliminate shrink is to know exactly what you have and where it is. Keep very meticulous records of your on hands, and label individual pallet locations and overhead racking with location IDs. Keep both virtual and physical content cards for each location ID, and ensure there is a mechanism to update easily whenever inventory moves in or out.

Clarifying company policies. Train employees on theft prevention. Reduce human errors with checklists and reporting. Frequent inventory audits. Video surveillance. Hire a loss prevention manager. Triple-check your vendors.

Além de Maximizar o espa?o vertical.Organize por velocidade de movimenta??o: Coloque os itens de alta rotatividade em áreas de fácil acesso para minimizar o tempo de recupera??o. Itens de baixa rotatividade podem ser armazenados em áreas mais remotas do armazém. Use o layout de blocos: Este é um layout comum de armazém que utiliza prateleiras e corredores para criar ‘blocos’ de espa?o de armazenamento. Isso facilita a organiza??o e a localiza??o de itens. Crie zonas de picking eficientes: Organize seu armazém em zonas de picking para reduzir o tempo de viagem dos trabalhadores. Cada zona deve conter itens que s?o frequentemente pedidos juntos.

Una bodega o almacén debe ser "Inteligente" Contar con un layout, aplicar la metodología de 5 s; y formar hábitos de orden sin olvidar aplicar PEPS

Let only authorized and detailed trained personnel that are knowledgeable on every level in your warehouse. I can't tell how much headache, lost products and missing items we counted each year when inventory was due. This applies especially for companies who brag about " staff sells everything " in the store. That is the case if the store has many floors and everything is allowed to go and grab all and any sells item from the storage.

El apego al IRA, ILA y programa de inventarios evita la obsolescencia y caducidad de productos es indispensable identificar los KPis del área y alinearlos a los objetivos generales de la organización.

Ferramentas de Controle do Armazém: Utilize ferramentas de controle do armazém, como sistemas de gerenciamento de armazém (WMS), para rastrear o inventário em tempo real e fornecer insights sobre como melhorar a eficiência3. Análise de Produtividade: Analise a produtividade do armazém, incluindo a velocidade de recebimento e envio de mercadorias, a precis?o do picking e a taxa de pedidos pendentes Indicadores de Desempenho: Utilize indicadores de desempenho para calcular e controlar a eficiência das opera??es logísticas dentro do armazém1. Alguns indicadores importantes incluem eficiência no recebimento da mercadoria, ocupa??o das docas de carga.

Las métricas de gestión de un almacén deben ser concretas y efectivas para que todo el equipo no solo del almacén tenga una medición del movimiento de la mercancía.

Daily inventory checks, track consumption, shorter order cycles and increased rotation can help improve inventory accuracy and increase inventory availability.

El control estadístico de procesos garantiza que los procesos estén alineados y genera esas alerta tempranas de irregularidades dentro del almacén

La adecuada asesoría de nuestros procesos evita caer en seguera de taller y refrescar la visión de nuestros procesos esto nos dará una visión fresca y clara de nuestro día a día.

-Implementar Auditorias externas al menos una vez al a?o. - Utilizar etiquetas de ultima tecnología. -Monitoreo de inventario en tiempo real.

La implementación de procesos y tecnologías ya probadas de forma exitosa en otras empresas facilita el camino, los modelos colaborativos en las redes de valor son fundamentales para garantizar ese ciclo constante de mejora

The best practice that I have learned was to set and continuously monitor proper controls of the movement of and access to your inventory. This way you can drill down to where the possess or overages are to the point they become misappropriated.

Inventory is valuable to any business so it needs to be rigorously controlled and managed with clear responsibilities and expectations followed by regular reporting and update. In order to achieve this, inventory management must be governed via committable standardized procedure that covers all aspects of inventory starting from procurement till dispatching to consumers. This covers responsibilities, forms, reports, transactions, process flow, physical counting and performance indicators. Inventory Record Accuracy (IRA) is a comprehensive measure to show the level of control and compliance of all inventory management activities in warehouses. Also, segregation of responsibilities is key to ensure proper reconciliation at all stages.

Keep it clean! This may sound simple but eliminating shrink in the warehouse comes to clean, ultra-organized, cameras covering every foot, and processing whatever comes into that warehouse beyond fast as possible. I cannot emphasize enough that CLEAN, CLEAN, CLEAN is the secret sauce to eliminating shrink in your warehouse. It creates standards and that reinforces expectation and that is how to build your team for success.

1- Enhance Security ???: Invest in robust security measures like surveillance and access controls. 2- Employee Training ??: Educate staff on loss prevention techniques and the importance of accurate inventory management. 3- Inventory Audits ??: Conduct regular audits to identify discrepancies and address them promptly. 4- Technology Integration ??: Implement advanced inventory management systems and RFID technology for real-time tracking. Reducing shrinkage requires a holistic approach, combining technology, training, and vigilance. ?? #RetailTips #LossPrevention #InventoryManagement

1. Implement accurate inventory management systems: Use technology like barcode scanning and RFID to improve accuracy and reduce errors in inventory management. 2. Conduct regular inventory audits: Regularly review and reconcile inventory records to identify discrepancies and prevent shrinkage. 3. Train and educate warehouse staff: Provide training on proper handling and storage of inventory to minimize damage and theft. 7. Implement strict receiving and shipping processes: 8. Utilize anti-theft measures: Implement measures such as security tags, shrink-wrap, and secure packaging to deter theft. 10. Collaborate with suppliers and partners: Work together to identify and address any issues related to shrinkage in the supply chain.