Inventory shrinkage

Inventory shrinkage,

Definition of Inventory shrinkage:

  1. Material or goods lost through deterioration, obsolescence, pilferage, theft, and/or waste.

How to use Inventory shrinkage in a sentence?

  1. John Smiths employment as Inventory Manager with ABC Company was terminated due to his failure to account for inventory shrinkage in the warehouse.
  2. Due to the recent power outage in the area, the pizza business suffered a significant amount of inventory shrinkage from the loss of several products that required refrigeration.
  3. Our company decided to install multiple cameras throughout the warehouse, install a climate control system, and hire security guards to counteract inventory shrinkage .

Meaning of Inventory shrinkage & Inventory shrinkage Definition