Definition of Pilferage:
Inventory control: Reduction in inventory caused by shoplifting, or petty thievery by the employees.
Marine insurance: Theft of a few pieces or a small quantity of a relatively large shipment. Some standard marine insurance policies do not cover pilferage.
The action of stealing things of little value.
How to use Pilferage in a sentence?
- I knew we had a problem with pilferage and this would cause our company to lose a lot of profit over the next few months.
- You should make sure that you trust the people that work for you so that you do not have to worry about any pilferage .
- Surveillance practices reduce theft and pilferage in the workplace.
- Often, a small business will not take into account the inevitable percentage of stock that will be lost to pilferage .
Meaning of Pilferage & Pilferage Definition