Inventory shrinkage is the term used to describe the loss of stock from a store or warehouse, usually due to theft, incorrect pricing, damage or expiration. According to the National Retail Security Survey, inventory shrinkage accounted for 1.44 % of total retail sales in 2018 – representing a staggering $48 billion loss. As a business owner, it’s important to keep track of your inventory and take measures to prevent shrinkage, such as investing in security systems, using sophisticated tracking software and conducting regular internal audits. With the right tools in place, you can protect your bottom line and ensure that your profits stay where they belong: in your pocket.