inventory shrinkage

/ˈɪnvəntri ʃrɪŋkɪdʒ/ (say 'invuhntree shringkij)

noun
the loss of retail stock as a result of shoplifting, vendor fraud, administrative error, damage, etc.
Also, shrinkage.

Australian English dictionary. 2014.

Look at other dictionaries:

  • inventory shrinkage — UK US noun [U] ACCOUNTING, COMMERCE ► the loss of part of a company s supply of goods or materials because of damage, stealing, etc.: »The company blamed its loss on inventory shrinkage from damage, theft and misplacement …   Financial and business terms

  • Shrinkage (accounting) — In financial accounting the term inventory shrinkage (sometimes truncated to shrink) is the loss of products between point of manufacture or purchase from supplier and point of sale. The total shrink percentage of the retail industry in the… …   Wikipedia

  • shrinkage — noun Date: 1800 1. the act or process of shrinking 2. a. the loss in weight of livestock during shipment and in the process of preparing the meat for consumption b. the loss of goods especially by theft < inventory shrinkage > 3. the amount lost… …   New Collegiate Dictionary

  • shrinkage — /ˈʃrɪŋkɪdʒ/ (say shringkij) noun 1. the act or fact of shrinking. 2. the amount or degree of shrinking. 3. reduction or depreciation in quantity, value, etc. 4. contraction of a fabric in finishing or washing. 5. the difference between the… …   Australian English dictionary

  • Inventory — means a list compiled for some formal purpose, such as the details of an estate going to probate, or the contents of a house let furnished. This remains the prime meaning in British English.[1] In the USA and Canada the term has developed from a… …   Wikipedia

  • shrinkage — Discrepancy between a firm s actual inventory and its recorded inventory due to theft, deterioration, loss, or clerical problems. Bloomberg Financial Dictionary * * * shrinkage shrink‧age [ˈʆrɪŋkɪdʒ] noun 1. [countable, uncountable] the act of… …   Financial and business terms

  • Shrinkage — The loss of inventory that can be attributed to factors including employee theft, shoplifting, administrative error, vendor fraud, damage in transit or in store and cashier errors that benefit the customer. Shrinkage is the difference between… …   Investment dictionary

  • shrinkage — The loss of inventory or other *short term, *tangible assets through damage or theft …   Auditor's dictionary

  • logistics — /loh jis tiks, leuh /, n. (used with a sing. or pl. v.) 1. the branch of military science and operations dealing with the procurement, supply, and maintenance of equipment, with the movement, evacuation, and hospitalization of personnel, with the …   Universalium

  • Retail loss prevention — (in some retailers known as Asset Protection) is a form of private investigation into larceny or theft. The focus of such investigations generally includes shoplifting, package pilferage, embezzlement, credit fraud, and check fraud. Loss… …   Wikipedia

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