How much stock gets stolen at your work place?

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PopGotcha

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#1 PopGotcha
Member since 2016 • 716 Posts

Hey guys, the company I work for in retail has two stock takes throughout the year. We range everything from games, movies, fridges, TVs, laptops, you name it, we probably have it

We got the results from our stock take not long ago, and I was blown away at how much has actually been stolen! I'm talking 30-40k in 6 months

So it got me wondering, how common is this large amount of theft in your workplace? How do you tackle it?

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deactivated-5f3ec00254b0d

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#2 deactivated-5f3ec00254b0d
Member since 2009 • 6278 Posts

It's very common, natural even I would say. Since my first job that I end up having some kind of responsibility regarding stocks. Increasing frequency of stock take and better control over goods inwards and out usually works. Having a second St by a different person, even if just on selected products is fine too, since many times the st is the moment when things vanish.

With that type of goods I would certainly look into some shady business going on between supplier or distribution and warehouse people.

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#3 PopGotcha
Member since 2016 • 716 Posts

@phbz: We've had many cases where delivery drivers simply don't deliver products. A couple of stores have even been mapped by delivery drivers for theft after hours, and have succeeded. Its a damn shame really

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SoNin360

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#4 SoNin360
Member since 2008 • 7175 Posts

I very briefly worked at 2 major retailers and one of the first things I learned was about how much stuff gets stolen. And oftentimes its employee theft, so I guess that's the main thing they watch for.

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#5 PopGotcha
Member since 2016 • 716 Posts

@SoNin360 said:

I very briefly worked at 2 major retailers and one of the first things I learned was about how much stuff gets stolen. And oftentimes its employee theft, so I guess that's the main thing they watch for.

Yeah I can understand that. There was a huge case of employee theft (store manager and all) about a year ago so the company is on high alert in that sense. But because so much attention has been put there, stock on the floor is disappearing even more than ever

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GTR12

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#7  Edited By GTR12
Member since 2006 • 13490 Posts

Oh I steal all the time from JB, just the other day....

Oops, you mean from where we work, umm I dunno, cant be too much as its hard to steal a service, I wouldn't be told anyway, not my responsibility.

Yes I had to do that TC.

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#8  Edited By horgen  Moderator  Online
Member since 2006 • 126822 Posts

Not working in retail anymore. I honestly don't know what is worth stealing at my current work place. While the products are crazy expensive, they are worthless without the information the company provides with it.

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#9 foxhound_fox
Member since 2005 • 98532 Posts

It's called "skimming" IIRC. Retail companies account for it in their bottom line. It's part of retail. The best way to deal with it is video surveillance.

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#10 PopGotcha
Member since 2016 • 716 Posts

@GTR12 said:

Oh I steal all the time from JB, just the other day....

Oops, you mean from where we work, umm I dunno, cant be too much as its hard to steal a service, I wouldn't be told anyway, not my responsibility.

Yes I had to do that TC.

Haha well played sir, well played

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SolidSnake35

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#11 SolidSnake35
Member since 2005 • 58971 Posts

None. The school has nothing to steal. Students provide their own supplies as do teachers. I guess you could try take the chairs...

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#12  Edited By comp_atkins
Member since 2005 • 38173 Posts

i'm still using a mechanical pencil that disappeared from a warehouse i worked in one summer. 19 years ago.

anyway, at work, I doubt much theft happens. i work in an office rather than a retail / warehouse location so i don't think there's even much opportunity

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#13 Byshop  Moderator
Member since 2002 • 20502 Posts

When I worked retail in my teens, plenty. I haven't worked in an environment where that's really a thing for a long time, though.

-Byshop

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#14 arad96
Member since 2009 • 7783 Posts

I used to work in a small local grocery store. The owners were pretty chill and let me get a drink or a snack every now and then. I imagine it's a lot worse at major chain stores.

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#15 Sam3231  Online
Member since 2008 • 2749 Posts

At my current workplace, probably nothing. Nothing worth stealing.

At some past workplaces which were retail stores, yeah I heard stories about electronics being stolen at Wal-Mart, I've seen employees arrested right in the store.

As for how much? I have no clue. Tracking stock has never been my job.

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#16 bmanva
Member since 2002 • 4680 Posts

Used to work in Best Buy a long time ago, I remember the loss rate (theft or accidental) was around 7% on average. I thought at the time it was pretty high.