Which measure can help reduce theft and pilferage in inventory management?

Gain insight into CIPS Whole Life Asset Management with our comprehensive quiz. Hone your skills with multiple-choice questions and detailed explanations. Get prepared for your exam!

Using strict access controls for inventory areas is an effective measure for reducing theft and pilferage in inventory management. This approach establishes clear protocols regarding who can access specific inventory locations and under what circumstances. By limiting access to authorized personnel only, businesses can create a controlled environment that minimizes opportunities for theft.

Implementing strict access controls not only deters potential theft but also increases accountability among staff members. When individuals know that access is monitored and restricted, they are less likely to engage in dishonest behavior. This method can involve using key card systems, biometric scanners, or security personnel to enforce access restrictions.

In contrast, the other options do not support reliable inventory security. Encouraging staff to share access codes increases vulnerability and undermines the very concept of access control. Randomly checking stock without authorization can lead to confusion and distrust among employees, while storing all items in one location does not inherently protect against theft and could actually make it easier for a thief to steal multiple items at once. Thus, maintaining strict access control is the most effective strategy for enhancing security in inventory management.

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