Providing for the losses is not a way forward and way to deal with the issue of thefts from shelf and inventory. Third party independent stock take on a daily basis/ periodically as deemed necessary could be amongst the many options available. Theft by employees is not only a phenomenon in India but also in retails like Wall Mart, Tesco, Carrefour, Metro & we can name any and anywhere. Incidences are low and better intervened systemically & that we do not do much in India. Here we think that once we have installed till management system & a few people to manage the IT back office we are done. Actually that is how the business goes to dogs. Trained and adequately paid staff may mitigate the problems to a large extent; but how do you change the national character now where stealing from employers has become a de-facto birth right. Maybe Anna & team can help but still employers can't prevent inflated travelling bill!!!
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