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E R FE R ES I GET A RN O IAWASHRINK SLEEVE EUROPEAN SEMINAR2017SEPTEMBER 26 BRUSSELS, BELGIUM O L O C AT E D W I T H L A B E L E × P O E U R O P E 2017CLICK HERE TO REGISTER FOR FREE PRESENTING COMPANIESABOUT
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Shrink refers to the difference between the recorded amount of inventory and the actual amount of inventory.
All businesses that carry inventory are required to file shrink.
Shrink should be filled out by conducting physical inventory counts and comparing them to the recorded amounts.
The purpose of shrink is to identify any discrepancies between recorded and actual inventory levels.
Information such as the date of the inventory count, the location of the inventory, and the reasons for any discrepancies must be reported on shrink.
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