Maintaining tight inventory levels is good business. Good inventory levels keep the cost of goods reasonable and allow any business to be in a position of profitability. However, any loss of inventory due to theft, error, waste or damages will impact the overall cost of goods sold. An increase to costs of goods will most certainly impact your profitability and margin.
A Blog for Small Business Owners & Operators
Sep 7, 2010 10:02:00 AM
Aug 31, 2010 12:57:00 PM
A dictionary would define an error as something incorrectly done or a mistake. In business, an error can be defined as a contributor to loss. Understanding that not all losses are theft-related, here are four of the most common errors we have found when working with retailers and businesses.
Aug 26, 2010 8:54:00 AM
Here are some common facts regarding employee theft within the retail environment. Not specific to any retailer of size, segment or environment, see how many of these facts surprise you!