Tag: inventory management


How to Manage Inventory: Shrink Visibility

How to Manage Inventory: Shrink Visibility

At a time when store margins are under intense competitive pressure, retail shrink can make or break a retailer’s bottom line. But today’s retail shrink numbers are vulnerable to blind spots and imprecise metrics. In addition, most analysis and response to retail shrink are backward-looking: useful for staffing and long-term   Read More


Inventory Control Job Description and Responsibilities

Inventory Control Job Description and Responsibilities

What does a typical inventory control job description entail? Whether the specific title is inventory control clerk, specialist, manager, or coordinator, this vital position is usually responsible for ensuring an accurate and adequate quantity of product in a given organization.

In a nutshell, this person manages the inflow and outflow of   Read More


Can a Retail Buyer Help Reduce Shrink?

Can a Retail Buyer Help Reduce Shrink?

While the perception of shrinkage among the loss prevention industry has evolved from thinking about loss strictly in terms of theft to the consideration of all causes of inventory discrepancy, this change in approach hasn’t necessarily diffused into all of the other teams in a retail organization. Retail buyers are   Read More


Bad Packaging Design Can Lead to Shrink

Bad Packaging Design Can Lead to Shrink

Few things are as frustrating for a loss prevention leader than discovering a bad packaging design they know will promote retail shrink, which could so easily have been prevented if those who created and approved the packaging had included shrink reduction in the initial design criteria. For example, in a   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