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Overview: Easilys allows food service managers to manage shrinkage in the inventory to monitor, analyse, and minimize inventory losses within their organisation.
Start from: The Easilys menu.
Navigate to Management > Shrinkage.
The Shrinkage page allows you to view unknown shrinkage per center between two inventories. 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 could 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:
Strong inventory control.
A well-defined loss management process.
A trained and vigilant team.
Details of Shrinkage
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.