Pilferage refers to the act of stealing small items or small quantities of goods, typically in a secretive or casual manner. Unlike larger-scale theft or robbery, pilferage involves the theft of relatively low-value items or small amounts of merchandise. It often occurs in retail settings, warehouses, or workplaces where goods are easily accessible, and can involve employees, customers, or outsiders. Pilferage can lead to financial losses for businesses and may also impact inventory management and profitability. Preventive measures such as security cameras, inventory controls, and employee training are often implemented to deter pilferage and protect against losses.
The recurrent theft of small items of little value.
n. a crime of theft of little things, usually from shipments or baggage.
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This glossary post was last updated: 29th March 2024.
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