Shrink isn’t a cause—it’s an effect. It’s an outcome that goes well beyond the concept of bad guys stealing from our stores. Taking action to build awareness and understanding is essential to the success of your business. Here are some common characteristics in high-shrink stores.
Out-of-stocks is one of the worst failures we can have in supermarket operations, causing huge dissatisfaction in customer service.
Retail LP departments are finding RFID technology invaluable for identifying causes of stock loss and paving the path to smarter protection.
This podcast makes the case for adopting Total Retail Loss strategy to enable retailers to find the true cost of retail loss.
Tally’s leadership has over 75 years of loss prevention technology development, sales, and marketing experience.
Why inventory accuracy matters for the business and why it should be on the loss prevention organization's agenda.
Understanding how to calculate shrinkage in retail is important. However, understanding why it is important to control these results and how we can impact company profitability by both improving sales and controlling retail shrinkage is the key to success.
Inventory management underpins nearly every goal a retailer has, so executing effective management within the store is critically important.
When considering the problem of loss in a retail environment, it’s natural to first think about the register. After all, it’s where money changes...
How much of our shrinkage number is due to theft? How do you answer this question? Educated guess? Based on indicative feedback? Through deep data analysis? The “go to” tool to understand the answer to these questions, and move shrinkage from unknown into known shrink, is often the incident reporting tool.