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Inventory Shrinkage

warehouse inventory loss

Significant Inventory Loss Requires Perspective

Throughout my career, I've investigated numerous significant increases in shortage on a multi-store level. In each case, the cause was traced to the distribution process.
supply chain

How to Analyze Retail Shortage Control Measures in the Supply Chain

The bedrock upon which healthy retailers are built is the supply chain that provides the goods to be sold. A retailer’s competitiveness, then, or lack thereof, is in measurable part a reflection of the extent to which these avenues of supply are cost effective and efficient.
bad packaging design

3 Principles to Help Your Team Counteract Bad Packaging Design

Few things are as frustrating for a loss prevention leader than discovering a bad packaging design they know will promote retail shrink— a feature which could easily have been prevented.
what causes shrinkage in retail

What Causes Shrinkage in Retail? Addressing the 4 Top Causes

Not every loss prevention tool fits the needs and budget of every retailer. However, a combination of tactics makes an impact and reduces a store's shrinkage.
manufacturer to retailer

From Manufacturer to Retailer: Product Protection Is Everyone’s Job

Solutions to address theft and loss are often led from the retailer side of the partnership, but manufacturers do face responsibilities when it comes to product protection. From manufacturer to retailer, product protection is everyone's job.
point-of-sale activation

Why Point-of-Sale Activation Technology Has Been Heralded as a Kingmaker

In a world where opposites attract, denial of service could be a force for good and put to commercial use, particularly in retail where organized retail crime gangs and opportunist thieves have had a free hand at disrupting legitimate business.
grocery store magazines

RESEARCH: Losses and Costs Associated with Grocery Store Magazines and Newspapers

The ECR Community Shrinkage and On-shelf Availability Group had become aware of growing concerns about the losses relating to the sale of grocery store magazines and newspapers in the UK—a category not normally associated with high levels of loss.
point-of-sale systems

The Dramatic Metamorphosis of Point-of-Sale Systems

In a study presented at a 2017 conference on business innovations, mobile self-checkout solutions were found to provide a more time efficient shopping experience, particularly when stores are crowded.
Inventory Boxes

How Well Do You Know These Essential Inventory Control Techniques?

From a loss prevention perspective, a strong understanding of how our inventory is managed  is crucial as we attempt to resolve shrink-related issues. One basic but important component is knowing the inventory control techniques and accounting methods used by your company.
inventory shrinkage, how to calculate shrinkage in retail, loss prevention audits

How to Calculate Shrinkage in Retail

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.

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