Explain why having action plans around shrinkage is important.

Use the content of this week’s readings and videos and additional research to complete the following:

1. Explain why having action plans around shrinkage is important.
2. How can managers utilize inventory adjustment reports to reduce shrinkage in their stores?
3. Select one major shrink-impacting operating process that you believe is most vulnerable to theft (by customers or associates). Propose one recommendation for reducing or eliminating theft in this area of your store’s operations.
4. How will you measure whether your recommendation is successful? What metrics or reports will show an improvement or a change in levels?

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