Tag: managing inventory


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


Why You Need a Retail Disaster Recovery Plan

Why You Need a Retail Disaster Recovery Plan

Loss prevention team duties don’t stop at preventing theft or managing inventory shrink. As evidenced by some of the major news stories of recent years, tragedies and crises in retail are bound to happen–and LP must meet the challenge. Are you prepared?

retail disaster recovery plan
Loss prevention team duties don't stop at preventing theft or managing inventory shrink. As evidenced by some of the major news stories of recent years, tragedies and crises in retail are bound to happen–and LP must meet the challenge. Are you prepared? [text_ad] The Chipotle Lesson, the Waffle House Index, and similar crisis phenomena are discussed at length in a feature article by Laurence Barton, PhD, in the January-February 2017 issue of LP Magazine. Barton, whose 2008 book, Crisis Leadership Now: A Real-World Guide to Preparing for Threats, Disasters, and Scandal, provides critical crisis management advice for executives, knows what he's talking about. In the article, Barton shares examples, lessons learned from recent crisis events, and practical tips on a retail disaster recovery plan:
It would be wise to assume that your competitors are ahead of you. They likely have fusion centers, not emergency operations centers. They are monitoring what Twitter is saying about your company and the crisis real-time. They know the crime trends in neighborhoods, not regions. They have fortified their fusion efforts to link crisis response to messaging with pre-populated statements and frequently asked questions. From a product recall to an industrial accident to a workplace violence incident, they have prepared beyond their peers. My hope is that you and your company move to that category of best practice sooner rather than later. Before 'it' happens to you.
Read the full article, “See You in Court,” to learn how loss prevention may become "crisis central" in the event of a disaster, or check out the other articles in the January-February 2017 issue of LP Magazine. Not yet subscribed? No problem – register here for free.

The Chipotle Lesson, the Waffle House Index, and similar   Read More


How to Succeed with Loss Prevention Analytics

How to Succeed with Loss Prevention Analytics

Loss prevention and asset protection practitioners know that their roles have shifted completely since the old days of catching shoplifters. These days, LP responsibilities can range from managing inventory to store safety and everything in between.

In his July-August 2016 feature article for LP Magazine, Johnny Custer, LPC, CFI, argues that   Read More


The Future of Retail Loss Prevention

This is the time of year when loss prevention executives often bring their field team into corporate headquarters or a destination location to review the past year’s results and discuss the objectives for the coming year. It is both a celebration of the team’s and individuals’ successes, as well as   Read More


2011 NRSS Overview

2011 NRSS Overview

We are now in the process of completing the 2011 National Retail Security Survey (NRSS) Final Report for publication on the web. I presented some of these preliminary results at the National Retail Federation LP conference in New Orleans in June as the data collection was not yet complete. Since   Read More