Aim This unit standard is intended for Management and staff who are responsible for supervising and implementing stock loss prevention plans in a wholesale/retail outlet within the provided broad guidelines or parameters. Content What is shrinkage Ways in which shrinkage relate to areas of responsibility Identifying the 4 main areas in which shrinkage occur Implementing loss prevention procedures in each of these areas Measures to reduce shrinkage in each area Specific procedures to deal with individuals in each loss area (legal or internal) Outcome At the end of this workshop the delegates will be able to control the rate of loss of merchandise from the retail store/warehouse. SAQA US ID NQF LEVEL 118045 4