Plant managers never worry about a robot or an assembly press “growing legs” and walking out the door. Power tools, on the other hand, are a different story. It’s an unfortunate reality that power and hand tools often disappear from tool cribs.
“Employee theft is an epidemic that directly reduces bottom-line profitability,” says Lee Schwartz, principal of the Schwartz Profitability Group, a management consulting firm. “Dark, less accessible areas of the factory are prime areas in which product will disappear. Same goes for inventory near exit doors.”