Analysis of the reasons for stock loss
The record of each item of materials in stock must tally with the actual stock in the inventory. Profit or revenue of any trade depends on its inventory maintenance as well as its sales metrics. It is necessary to find out if the actual stock in the store agrees with the computer information or clerical record . A proper loss reduction plan is necessary for retailers or any company that deals with products that demands the surveillance of inventory control. A thorough investigation of the causes would definitely help the traders to put in place inventory control for more profit.
This fishbone template describes the relevant causes for stock loss. It illustrates an organized root cause analysis for the problem. We have tried to provide some optimized strategies for incident analysis. The cause arrangements are well structured, hierarchical, and simple. It is a good reference for future incident/ root cause analysis in any specific or general situation.
Curated from community experience and public sources