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Concept
Shrinkage Reduction
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Summary
Shrinkage Reduction
refers to
Strategies employed
to minimize the
Loss of inventory
or
Resources due to theft
, errors, or wastage, thereby
Improving profitability
and
Operational Efficiency
. It involves a combination of technological, procedural, and
Managerial approaches
to
Identify and mitigate
the
Factors contributing to shrinkage
.
Concepts
Inventory Management
Loss Prevention
Supply Chain Management
Risk Management
Operational Efficiency
Theft Deterrence
Process Optimization
Data Analytics
Quality Control
Waste Reduction
Cement Stabilization
Curing Of Concrete
Relevant Degrees
Building Materials 100%
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