Evaluate the underlying reasons that allow shrink to occur in a typical business other than your own:-Shoplifting-Supplier fraud-Operational error-Employee theft-Organized retail theft

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Operations managers have an obligation to their organization to take effective steps to minimize shrink. However, some loss prevention tools may not be cost-effective or applicable, particularly when trying to prevent losses across multiple categories. Recognizing and understanding the primary causes of shrink allows managers to develop procedures and systems that efficiently target those causes in their businesses.1. Read the following article, analyze this week’s course content, and complete outside research to answer the prompts below:https://losspreventionmedia.com/worldwide-impact-shrink/2. Compare and contrast the following causes of shrink. Evaluate the underlying reasons that allow shrink to occur in a typical business other than your own:-Shoplifting-Supplier fraud-Operational error-Employee theft-Organized retail theft3. Form conclusions about the effectiveness of most loss prevention systems and procedures used in retail businesses. If possible, use external resources to support your conclusions (e.g., meet with the party responsible for loss prevention at a local business to discuss how they work to prevent losses).4. Propose one specific recommendation for reducing shrink in typical retail businesses.






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