Shrinkage is often listed as a cost of business operations.
2006-07-10 02:30:47 · 9 answers · asked by gipi 1 in Business & Finance ➔ Other - Business & Finance
Prevent cash shrinkage
According to McGunn, operators can prevent kiosk cash shrinkage in several ways, such as using cassettes with tamper-evident mechanisms and cash acceptors that require keys.
"If you look around the industry, all the existing kiosk units are locked with a type of key that usually locks a desk or cabinet - not high security key locks," McGunn said.
"The problem with cash doors that use keys is that you can't verify who the user is. The key is the master controller of that door, and if the doors can't be controlled, they will be opened. The good news is that technology advancements in cash management give retailers more options than ever.
"Accessible cash is a business problem," said McGunn. "Time-delay locks are one solution, and an effective deterrent. Another important thing to consider is limiting accessibility by cashier or manager to that door."
Cassette-door monitoring - such as by using computer-enabled bio fingerprint recognition or PIN codes for kiosk access - is another option.
Also, remotely monitoring cash via the Internet can help retailers reduce levels of pilferage experienced by other, less secure cash acceptors. If a kiosk's cassette is removed, the retailer will get an e-mail or text report. This type of notification is very important for cash management verification purposes.
"If the cassette removal was scheduled, then things are fine," said McGunn. "But if a retailer receives notification of an unscheduled removal, the system has just caught an incidence of robbery or employee theft."
2006-07-10 02:39:22 · answer #1 · answered by seek_of_love 3 · 0⤊ 0⤋
Any stock in a retail outlet that is not exchanged for cash. Shrinkage may occur through theft, damage, or shoddy workmanship.
2006-07-10 09:36:16 · answer #2 · answered by averyspeciallady4you 2 · 0⤊ 0⤋
Missing money from the till or merchandise gone out the door via five-finger discounters.
2006-07-10 09:32:41 · answer #3 · answered by Anonymous · 0⤊ 0⤋
When you wash your pants and the $20 bill in your pocket shrinks to a $10 bill, seriously, it's happened to me.
2006-07-10 09:33:53 · answer #4 · answered by ThatOneGuyWhoDoesIt! 2 · 0⤊ 0⤋
That is what happens when democrats are in office and give us their massive tax increases.
2006-07-10 10:21:25 · answer #5 · answered by Jenny A 6 · 0⤊ 0⤋
That's a risk of laundering money.
2006-07-10 09:40:06 · answer #6 · answered by frugernity 6 · 0⤊ 0⤋
low cost
2006-07-10 09:33:12 · answer #7 · answered by Justinfire 4 · 0⤊ 0⤋
when you leave money in your pocket and wash your clothes then dry
2006-07-10 09:33:24 · answer #8 · answered by Anonymous · 0⤊ 0⤋
When you are missing money.
2006-07-10 09:33:51 · answer #9 · answered by all_my_armour_falling_down 4 · 0⤊ 0⤋