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: 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 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.
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...
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.
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...
Can a Retail Buyer Help Reduce Shrink?
When LP teams and buyers work together, a retail organization can reduce shrink through effective inventory management.
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...
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....
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...