Posted in Operations and Supply Chain Terms, Total Reads: 1144

Definition: Shrinkage

Shrinkage refers to loss of inventory that has caused due to various factors including errors, theft, fraud, transit damage, etc. among all these factors theft is the biggest reason for shrinkage.

It is the deficit between the actual and the recorded inventory.


Search & Explore : Management Dictionary

Browse the definition and meaning of more terms similar to Shrinkage. The Management Dictionary covers over 7000 business concepts from 6 categories.

Share this Page on: