Tag: inventory control


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


Emerging Technologies

In the second in a series of industry-focused benchmarking surveys, the authors present a few key findings from a new study of how some of the biggest retailers in the US are using a range of emerging technologies to manage the problem of loss prevention.
Background
Loss prevention practitioners have a long   Read More


Use Cases for RFID Inventory Control

Use Cases for RFID Inventory Control

A 2014 survey of 120 major retailers polled by Chain Link Research found improved inventory accuracy, which translated into reduced out-of-stock and better on-floor availability of merchandise, was the number-one reason for implementing an RFID inventory control program.

According to Su Doyle, IoT and RFID industry program lead for Checkpoint, several of   Read More