shrink rate
noun1
Engineering, Natural sciences, Physical sciences The percentage or fraction of an original size, weight, or mass that is lost when an object or material shrinks.
- Patternmakers, moldmakers, diemakers, and toolmakers must understand the shrink rates of the materials involved in the casting, molding, and stamping processes.
2
Business The percentage or fraction of an original inventory that is left after reductions from theft, spoilage, evaporation, mislaying, and so on.
- Retail analysts must understand the shrink rates of the businesses whose performance they forecast.
- Related terms
- shrinkage, shrink-wrap, loss prevention