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Did You Know That 75% Of Most Inventory Shrinkage Happens Due To Theft?

April 12, 2018DB HospitalityGeneralNo comments

It is standard procedure for retail businesses to put safeguards in place to prevent thefts from occurring. If you walk through a retail store, you know there are cameras in every corner and all items have a security tag. While it is the customers that account for any theft in retail stores, how about when it comes to restaurants? Did you know that restaurant theft amounts to 75% of inventory shrinkage? The number one reason for this theft is your employees and like retail operations, it is time to start keeping track of items.

An inventory is critical to a restaurant business as it can impact financial stability. The inventory contains goods that generate income for your restaurant. Inventory shrinkage leads to depletion of potential income and thereby, profits.

So what can restaurants do when there is inventory shrinkage due to employee theft? It is not like you can watch the camera around the clock. After all, from the restaurateur to the chef to the waiting staff everyone has to be hands-on in providing customers the best possible service. At the same time, you cannot let the inventory continue to shrink without taking some action.

The truth is that it is not going to be easy to track the inventory in real-time. But, that doesn’t mean you shouldn’t implement safe practices to keep the shrinkage to a minimum. Did you know that approximately 15 items account for at least 50% of the total inventory? If you keep track of these key goods, shrinkage due to theft can be greatly reduced.

As employees take front-end role in any restaurant including the inventory, it is important that employees are equipped with the tools to help reduce inventory shrinkage. Reducing inventory shrinkage requires practical steps and diligence from the restaurateur and every employee

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Molham Bakir
05:51 03 Feb 17
We're worked with DB Hospitality on our second project now; particularly with restaurants I'm super satisfied with what results I'm getting from managing my team to overall operations. I had to travel for a few months back home and I was really worried I wouldn't be able to manage my restaurant remotely - I looked upon a restaurant consultancy firm to be able to assist me with this and I definitely made the right choice with these guys. Super happy - keep it up.
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Prasad Shete
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DB hospitality offers an array of exceptional services and Ankita who is an Operations Manager at DB is surely an Asset to this firm. She and her team helped us through entire process from feasibility study to Fit outs and then setting up entire outlet, creating menus, recruitment and training's. I wish to work with them again in future for our upcoming projects. Special thanks to Ankita and team.
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Tracey Mu
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We approached DB Hospitality to develop our Asian concept restaurant. Brenton the GM took care of all our needs from A to Z and still assist us from time to time in on going management assistance. Thank you for making our dream cone true. Tracey
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