Search results
Pilferage refers to the act of stealing, particularly when it involves small amounts or items. It’s a term often used in legal contexts to describe theft that is considered minor, similar to what is known as petty larceny. Imagine someone taking a few items from a store without paying; that’s pilferage. It can also refer to the items that ...
Apr 5, 2024 · Pilferage-proof procurement refers to the implementation of measures and practices aimed at preventing theft, unauthorized access, or tampering within the procurement process. It encompasses various aspects, including inventory management, supply chain security, and data protection. By minimizing the risk of pilferage, organizations can enhance ...
Nov 2, 2023 · Theft, by contrast, is a broader term that encompasses any unlawful taking of someone else's property with the intent to permanently deprive them of it, regardless of the item's value or the context. While pilferage is seen as a petty crime, often due to the low value of items stolen, it can have a cumulative effect on businesses over time.
Feb 13, 2017 · In the minds of most employees, there is a dramatic distinction between pilfering and outright theft. They see stealing as wrong, but pilfering as rather common and an accepted perk of employment. From an organizational perspective however, the difference is not so great. Everyone agrees that taking $10 from the cash register is a dishonest act.
May 30, 2016 · The Travel Club has been able to keep losses due to pilferage to less than 3% of sales thanks to the corporate culture that has been inculcated in its people — that of dignity and of being part of a team. Today, this has been reduced to a maximum of 1% of sales, from as high as 7% during the early years, through policies such as the hiring of ...
Internal theft also is referred to as employee theft, pilferage, embezzlement, stealing, peculation, and defalcation. Employee theft is stealing by employees from their employers. Pilferage is stealing in small quantities. Embezzlement occurs when a person takes money or property that has been entrusted to his or her care; a breach of trust occurs.
People also ask
What is the difference between theft and pilferage?
What does pilferage mean in legal documents?
Is pilferage still a problem?
What is an example of pilferage?
Is pilferage a crime?
Why is pilferage a major issue?
A complete guide to the word "PILFERAGE": definitions, pronunciations, synonyms, grammar insights, collocations, examples, and translations.
