Inventory Shrinkage

Shrinkage Control, in-store audit

How to Perform An In-Store Audit That Will Guide and Motivate Improved Performance

The three major causes that contribute to inventory shrink in any retail operation are internal theft, external theft, and operational compliance. An effective loss prevention program must focus on all three of these areas.
how to manage inventory

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 retail shrink numbers are vulnerable to blind spots and imprecise metrics.
Inventory Shrinkage inventory control job description

Inventory Control Job Description and Responsibilities

If you work in inventory control, your job description likely includes some combination of the responsibilities described in this post.
retail shrinkage rates

The Worldwide Impact of Shrink

In the United States and around the globe, shrink continues to be a challenge for retailers, especially as competition grows, profit margins constrict, and...
retail loss, inventory shrinkage definition

The 60-Second Guide to Total Retail Loss

There is no agreed-upon definition of what constitutes "shrinkage." Most estimates are based only upon measures of merchandise losses where the cause is unknown. The total retail loss concept offers a new definition of loss.
retail industry, grocery store shrink

Managing Grocery Store Shrink Begins with Problem Identification

One question I have been asked frequently is, “How did you know how to battle retail shrink in the grocery business, especially considering your...
reduce shrink

Can a Retail Buyer Help Reduce Shrink?

When LP teams and buyers work together, a retail organization can reduce shrink through effective inventory management.
manufacturer to retailer

Security at the Source

Manufacturer involvement in designing product protection is decades old, noted University of Florida research scientist Read Hayes, PhD, CPP. He remembers Walt Disney's Buena...
inventory shrink

The 11 Habits of Low-Inventory Shrink Retailers

In his bestselling book, The 7 Habits of Highly Effective People, Stephen Covey presented a holistic, principle-based approach for solving personal and professional problems....
Cargo loss prevention, retail shortage

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...

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Promoting a culture of honesty requires implementing a strong employee theft policy and internal awareness program.

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Get your FREE "What is Loss Prevention?" Guide

Read this report to discover the history of retail security and get a glimpse at the rapidly evolving loss prevention profession.

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The safety of store associates, customers, and millions of dollars in potential litigation rely upon understanding these issues.

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Get your FREE "CCTV, Alarms, and Security Training" Guide

This report shows how CCTV/video and alarm systems can enhance the safety and security of retail locations.