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Overview: Easilys, through the Shrinkage screen, allows you to identify sales outlets showing the highest losses, which may reveal specific issues such as theft, management errors, or inefficiencies in processes. This screen also offers the possibility to compare performance between establishments, prioritise corrective actions, and implement appropriate solutions such as reinforcing controls or training teams.
Start from: The Easilys menu.
- Navigate to Management > Shrinkage.
The Shrinkage screen allows comparison between theoretical consumption and actual consumption for each site between two inventories in order to highlight their unknown shrinkage and provide a breakdown by product.
It is particularly useful for:
- Identifying high-loss points: Detect sales points with significant losses that may indicate theft, management errors, or inefficiencies.
- Comparing performance: Compare inventory shrinkage between centers to identify trends or areas for improvement.
- Prioritizing corrective actions: Focus efforts on problem areas and implement tailored solutions, such as strengthening controls or training teams.
Interpreting Shrinkage Rates
Very high rate
A very high shrinkage rate signals a serious issue, which could be caused by:
- Inventory errors or unreported spoilage/losses.
- Internal or external theft.
- System management problems (e.g., software misconfiguration or supplier delivery discrepancies).
High rate
A shrinkage rate that is still significant but less critical. It may indicate:
- Small but frequent thefts.
- Minor management errors.
- Undeclared breakage or losses.
Negative rate
Negative shrinkage is rare but possible, indicating that physical stock exceeds theoretical stock. This may be caused by:
- Errors during receipt or inventory counts.
- Poorly documented returns from suppliers or customers.
Low rate
A low shrinkage rate is acceptable and reflects good management practices, such as:
Rigorous stock control.
A well-defined loss management process.
A trained and vigilant team.
Product details per site
The detailed breakdown of shrinkage per center provides a list of products contributing to inventory losses. This helps:
- Identify causes: Detect thefts, breakage, or other issues.
- Prioritize corrective actions: Focus on addressing losses for sensitive items.
- Optimize purchases and stock: Avoid overstocking or unsold products.
- Monitor trends and anomalies: Respond quickly to unusual patterns or events.