Australian Newsagency Blog

A blog on issues affecting Australia's newsagents, media and small business generally.

Cigarette management a key factor in newsagency employee theft

Mark Fletcher
June 26th, 2014 · No Comments

How cigarette stock is managed in a newsagency provides an excellent indication of the employee theft risk. If a business does not track all movements of cigarette stock it is more likely to be victim of employee theft.

I choose cigarettes because tracking all stock movements is easy and because cigarettes are often stolen by employees if they think sock movements are not being tracked.

Do you track all cigarette stock movement? If not, why not? Tracking it shows your employees that you are serious about an accurate stock count. It also helps you order more accurately and thereby not over stock. It also quickly identifies any discrepancy in stock on hand.

I have seen businesses where there was no tracking of cigarette movement, stock was stolen and plenty of cash was stolen because the criminal employee know that management of the business was weak.

My experience of uncovering and tracking employee theft in newsagencies and assisting police and prosecutors is that a business introducing and maintaining tight control on cigarette stock movement will reduce the incidence of employee theft.

Why newsagents would not do this is beyond me.

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Category: Newsagency management · theft

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