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Home > Operational Level > Level 3 - Shrink > Variance Worksheet

Shrink Report - Variance Worksheet

The Variance Worksheet highlights top variances from your Shrink Report so that extra research can be performed to find and resolve the root cause. Your Inventory Coordinator should complete the worksheet (he/she should already have knowledge of these variances) and work with his/her manager or owner to resolve personnel, procedural or theft issues.

Selections focus on Hot Shrink (high-shrink SKUs), WD Alerts (theft-for-cash returns), and top dollar shrink/swell for the month.  Items on your Variance Worksheet will show on your Adjusted Shrink listing in italics with an asterisk preceding the SKU's description, this lets you know the variance is already being researched when looking at your Adjusted Shrink listing. 

Processing the Variance Worksheet is a critical step in controlling your Operational Level 3 - Shrink metric. If you haven't already performed your Operational Level 3 Checklist then we suggest familiarizing yourself with shrinkage and Mango's Level 3 Metric .




Steps to process your Variance Worksheet
  1. Print the variance worksheet (usually page 1 & 2 of your Shrink Report attached to your Review Reports email).
  2. Perform Variance Research - find and resolve the root cause (Inventory Coordinator).
  3. Inventory Coordinator should then meet with manager/owner to resolve root issues.
     1. Variance Worksheet - Overview

     2. Variance Research

     3. Example