What is pilferage?

Pilferage refers to the act of stealing small items or goods, usually in a sneaky or dishonest manner. It can occur in a variety of settings, including retail stores, warehouses, and even homes. Pilferage can involve items of varying value, from inexpensive everyday items to more valuable goods.

Pilferage can be carried out by employees, customers, or even suppliers who have access to the goods. Common methods of pilferage include taking items without paying for them, switching price tags to pay less for an item, or hiding items in clothing or bags to avoid detection.

Businesses often suffer financial losses as a result of pilferage, which can impact their bottom line and profitability. To combat pilferage, businesses may implement security measures such as surveillance cameras, inventory controls, and employee training programs.

Overall, pilferage is a serious issue that can have a negative impact on businesses and individuals alike. It is important for businesses to be vigilant and proactive in preventing and addressing pilferage in order to protect their assets and maintain financial stability.