oboloo Glossary

Inventory Theft

oboloo Glossary

Inventory Theft

Inventory theft is the unlawful taking of products, merchandise, or assets from an organization without proper authorization. It is not only a financial loss to businesses, but also damages corporate reputation and customer trust. Inventory theft can take various forms such as shoplifting, employee theft, receipt fraud, and even customer return fraud. It is important for businesses to remain vigilant about inventory security and put in place preventive measures such as CCTV cameras, alarm systems, and item tracking systems to reduce the risk of theft.