Strategies to Reduce Inventory Shrinkage

Learn to fight inventory shrinkage with better warehouse management, earlier detection, security methods, and technology.

Disparities between the inventory recorded within financial systems and the physical inventory present in warehousing and storage locations can have impactful and far-reaching implications for businesses across customer service, revenue realization, operational efficiency, labor costs, working capital, utilization of credit facilities, audit compliance, and more. While theft and/or intentional falsification of record-keeping within either or both of the financial or operational environment is always a possibility if sufficient controls are not present, inventory shrinkage is a complex topic with many potential root causes that can present to business and functional owners in seemingly similar ways. Join Kirk Waldrop and Ben YoKell, Managing Directors at Alvarez & Marsal, for a discussion of the symptoms, impacts and root causes of inventory shrinkage, with examples of real-world situations from their collective decades of helping companies across industries solve their inventory management challenges.