These are clearly turbulent times in retail. How people shop is changing—and with it the strategies employed to attract and retain customers. Store technology is changing, offering new opportunities, and ushering in new risks. What does the upheaval mean for loss prevention? What are the primary challenges the industry may Read More
Tag: inventory management
By Chris Trlica
We find ourselves living in a time when nearly every decision we make is recorded. Where we drive, what we buy–all this data is collected somewhere. We permit it in the vague hope that somebody on the other end is being responsible with our information.
The loss prevention industry is now Read More
Retail doesn’t start and stop at the front door of our stores. Ultimately, our value depends on our ability to broaden our influence while protecting every aspect of the business enterprise. Supply-chain management is a critical component of the retail machine. While we may view the heart of retail as Read More
It wasn’t too long ago that the best way to deter shoplifters was to lock up your high-risk, high-value products or keep them behind the counter. But with ever-increasing competition and shrinking margins, successful retailers need to have their merchandise out on the sales floor, where potential customers can touch Read More
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 Read More
Checkpoint Systems, a global supplier of electronic article surveillance (EAS) and RFID solutions for the retail industry, announced at NRF’s Annual Convention & EXPO its Wind RFID label for cosmetics categories and many other merchandise visibility applications.
The new label features the use of Impinj’s Monza® R6-P RAIN RFID tag chip, Read More
The Retail Industry’s Biggest Expo Features Integrated Technology at the Heart of Omni-Channel Retailing
By Jack Trlica
Integrated technology is on display throughout the exhibition halls at the National Retail Federation’s BIG Show in New York City’s Jacob Javits Convention Center January 15–17. On-shelf availability, product visibility, customer experience, associate management, and, yes, asset protection—all are included in solutions provided by hundreds of companies both large and Read More
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
Retail shrinkage stems from a handful of causes that are rarely unique to a single retailer. Theft, whether internal or external, and operational error make up the majority of retail shrinkage. The level of severity is usually the primary difference; this can fluctuate due to product type, geography, and store Read More
Technology regarding assets is moving at a fast pace. To be able to accurately monitor and track assets is of paramount importance to many industries and can protect the assets that a company has. Radio frequency identification (RFID) technology is one way that any company can track its assets accurately. Read More