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Theft is an important cost for warehouse managers to be aware of

31 March 2014

It’s amazing it went on for so long - it seems he got away with it for years partly because there were other staff as light-fingered as he was, and who got caught first.

Who is this, you ask?

 

The Warehouse worker jailed for stealing stock and selling it on eBay story is a remarkable case of justice being done in the end. An employee had been stealing items from a heating and plumbing warehouse and selling them on eBay for six years before being spotted stealing boilers on CCTV. 


So what lessons can be drawn from the episode?


It certainly shows the value of CCTV in helping to police an area where valuable items are stored.


It’s also worth querying if logistics companies get the balance of security measures correct. Many firms employ alarm systems and uniformed guards etc, but while this can counter break-ins, it is not geared towards internal theft, which is arguably the greater danger.


Perhaps there is also a case for improving stock visibility? It’s one thing to have a certain ‘slippage’ when you are talking about plastic crates in a returnable loop, but when the stock items themselves are worth hundreds of pounds each they should be tightly controlled and accounted for. 


I’ve rarely heard it touted as a key benefit but surely improved or real time stock visibility could help to spot patterns with inventory loss.

 
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