Over the course of the past half year, we have been working closely with The Kroger Co. and the asset protection team utilizing analytics...
You are driving to work as a supermarket supply-chain manager. The hot weekend weather has continued, it’s a lovely Monday morning, yet you’re surprised when your boss calls so early. Agitated, he shares how he just discovered from the CEO that all stores were reporting a massive sales loss because they had sold out of strawberries.
Can ignoring the causes of shrinkage and refocusing strictly on sales solve our inventory issues?
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.
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.
If you work in inventory control, your job description likely includes some combination of the responsibilities described in this post.
In the United States and around the globe, shrink continues to be a challenge for retailers, especially as competition grows, profit margins constrict, and...
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.
One question I have been asked frequently is, “How did you know how to battle retail shrink in the grocery business, especially considering your...
When LP teams and buyers work together, a retail organization can reduce shrink through effective inventory management.