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Inventory Shrink: Identification & Resolution

CFOs just HATE inventory shrinks because, no matter the cause behind them, the CFO is ultimately responsible for accurate inventory costs. So you have an inventory shrink, and your initial thought – "These products just didn't walk away by themselves – maybe thieves, or even our own employees, pilfered our inventory." While theft may be a component of the shrink, the main causes are more mundane – inaccurate product cost records, incomplete production reporting, and incorrect quality reports are the most likely causes. 

Know the Signs

"We have too many shrinks in our inventory."

"There are differences between inventory on the financial statements are higher than inventory actually counted."

"I've looked into this before, but could not find the source of the shrinks."

Benefits of an Inventory Shrink Resolution Project

Faster identification of anomolies.

Better ideas to resolve issues.

Less expensive than spending funds to acquire necessary skills and experience in-house.

Inventory Shrink Resolution Case Study

Coming Soon!

If you would like to learn more about inventory shrink resolution, send Todd a message or call at 336.297.4200.

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Todd Herman Associates

336.297.4200

620 Green Valley Road
Suite 104
Greensboro, NC 27408
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About Todd Herman Associates

Todd Herman Associates is a business technology consulting firm focused on non-routine technology issues such as replacing QuickBooks, getting two systems to "talk" to each other, shrinking process cycle time, and taming large volumes of data.