Inventory Shrinkage

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.
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?
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...
bad packaging design

Bad Packaging Design Can Lead to Shrink

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...

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