Inventory Shrinkage

Report: Retailers Embracing New Approach to Managing Loss

The Retail Industry Leaders Association recently published "Total Retail Loss 2.0: From Theory to Practice," a report that analyzes the global retail industry’s adoption of the Total Retail Loss concept first introduced in 2016.

Nike and the Retail Industry Adoption Outlook for RFID

“It’s quickly becoming the most precise tool in our arsenal to meet an individual consumer specific need at the exact right moment...I think this will help us create the capability to grow profitably across the breadth of the portfolio and ultimately, again it’s putting ourselves in position to serve consumers in a way that gets them the product that they need when they want it and where they want it.” - Mark Parker, Nike CEO
OOS in Retail

What to Do about OOS in Retail

In the highly competitive retail sector, ensuring that the right product is on the right shelf at the right time is critical. Yet the problem of shelf out-of-stocks (OOS) remains as stubborn as ever. Could the LP team be the key to unlocking this new sales opportunity?
inventory shrinkage definition

Beyond the Usual Inventory Shrinkage Definition: Total Retail Loss

There is little consensus on what constitutes “loss” within the retail world nor how it should be measured. The terms “shrinkage” and “shortage” have been loosely applied to encapsulate some of the areas that generate loss, but they are not terms enjoying a clear and agreed-upon definition across the sector.
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.