Title: Develop strategies for reducing shrinkage.
Course: Strategic Marketing (formerly Marketing, Advanced) (12152) > Section: Implementing Risk Management

Development should include strategies to prevent

- human error
- shoplifting
- internal theft
- external theft
- vendor theft
- counterfeiting (including new production technologies).

Process/Skill Questions:

- How can a business deter shoplifting?
- What is the biggest cause of shrinkage? Why?
- What procedures can be used to control employee theft?
- How have businesses employed technology to aid in reducing shrinkage?
- How can proper screening and training of employees help reduce shrinkage?
- How can the use of reorder point plans help reduce shrinkage from expired product?
- What tools can a company use to avoid administrative errors and fraud?