Tag: inventory control


Significant Inventory Loss Requires Perspective

Significant Inventory Loss Requires Perspective

Inventory loss is a fact of life in retail. When maintained at acceptable levels, it’s simply the cost of doing business, much like payroll and other operating expenses. However, when shortage begins to inexplicably trend upward, whether on a store-by-store basis, or even across a chain, it becomes imperative to view the   Read More


What Is Loss Prevention Today?

What Is Loss Prevention Today?

EDITOR’S NOTE: This interview is with three long-time loss prevention industry veterans. One is a retailer, one is a solutions provider, and one started on the retail side before starting his own company offering loss prevention solutions. We’ve chosen to not identify the individuals in order to allow them to   Read More


Does Concealment = Shoplifting?

Does Concealment = Shoplifting?

It is a common misbelief among shoplifters that an individual must exit the store with unpurchased merchandise before being civilly liable for statutory civil damages. It is also a common misbelief among those shoplifters that if the merchandise is not physically damaged, they would not be liable for civil damages.The   Read More


Essential Inventory Control Techniques

Essential Inventory Control Techniques

Most retail companies have a department dedicated to maintaining processes and procedures related to inventory management and retail shrinkage. The inventory control department ensures that optimum inventory levels of products are available and accessible to the stores; that stock levels/turnover are efficiently managed; that inventory is maintained in a safe   Read More


How to Calculate Shrinkage in Retail

How to Calculate Shrinkage in Retail

Understanding how to calculate shrinkage in retail is a fundamental but critical concept within the loss prevention profession as well as throughout the retail industry. Ultimately, retail shrink directly results in lost profits, and can have a dramatic impact on the success of the retail enterprise.

The term “retail shrink” or   Read More