Inventory shrinkage:
A)is another name for inventory turnover
B)refers to the fact that more items are recorded entering than leaving warehousing facilities
C)refers to situations where the size and/or volume of inventory is decreased over time
D)refers to a technique of stabilizing unit loads by using shrink wrap packaging

Question

Quizplus · Accepted Answer

Inventory shrinkage refers to the loss of products between the point of manufacture or purchase from a supplier and the point of sale. This can occur due to theft, damage, or errors in inventory management, leading to more items being recorded entering than leaving warehousing facilities.

Inventory Shrinkage