Tag: inventory management


The Reinvention of Retail Stock Management

The Reinvention of Retail Stock Management

Everyone knows that the first rule of managing inventory shrink is being able to measure it. This means distinguishing between known and unknown loss and between malicious and non-malicious reasons for stock not being where it should be. And in an industry where loss prevention practitioners are increasingly more commercially   Read More


3 Ways for Retailers to Cut through the Data Deluge

3 Ways for Retailers to Cut through the Data Deluge

Retailers of a certain age will be able to cast their minds back to the 1990s, when they didn’t need to look much further than the trusted combo of a point-of-sale system and supply-chain management tool.

A lot has changed in the decades that have passed: an ever-increasing amount of functions   Read More


Physical Inventory Control Methods

Physical Inventory Control Methods

“What is the single most important measure of the success or failure of your company’s loss prevention efforts?”

If you were to ask senior retail executives this question, the answer you would likely hear is, “Our shrinkage results.” This would not be surprising, as shrinkage affects profitability, shareholder return, resource allocation   Read More


Retail Data Analytics and LP

Retail Data Analytics and LP

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


What Is Supply-Chain Management?

What Is Supply-Chain Management?

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. What is supply-chain management? In essence, it’s a critical component of the retail machine. While we may view the heart of   Read More