Inventory Shrinkage

Inventory Shrinkage inventory control job description

LPM Insider’s Top 5 Inventory Shrinkage Articles of 2017

Inventory Control Job Description and Responsibilities Functions included in an inventory control job description can vary based upon the work environment. By Kelsey Seidler What does a...

Wrestling with Total Loss

In 2017, Adrian Beck, professor in the criminology department at the University of Leicester, published a piece in Security Journal outlining a new conceptual...
in-store audit, inventory control methods

Physical Inventory Control Methods

“What is the single most important measure of the success or failure of your company’s loss prevention efforts?” If you were to ask senior retail...
inventory analysis, asset protection program

How an Asset Protection Program Can Leverage Predictive Analytics

In the 2015 US Retail Fraud Survey, retailers across the country identified analytics and monitoring as the number-one area of need. With the average...
inventory loss prevention

15 Best Practices for Inventory Loss Prevention

In April 2014, the ECR Europe Shrink and On-shelf Availability Group received a special award from ECR Europe to celebrate 15 years of the...
Retail Shrink, project cost estimation

How Much of Retail Shrink is Lost to “Paper Shrink”?

Each year, loss prevention directors are evaluated based at least in part on retail shrink results. At a minimum, poor retail shrink numbers negatively...
Shrinkage Control, in-store audit

9 Necessary Practices for Successful Shrinkage Control

In the generally unyielding area of retail loss prevention, few US corporations have been highly successful in staunching the pervasive problem of inventory shrinkage—the...
retail employee engagement

Improving Retail Employee Engagement Can Help Manage Loss

For the majority of retailers, loss is an inevitable part of doing business. What form this loss takes and, critically, how much it costs...

EyeOnLP: Predictive Analytics and RILA Student Mentorship Program

Over the course of four months, students in the UT MSBA program worked closely with asset protection professionals at 7-Eleven to fully understand the organization’s business model and develop hypotheses about how analytics might be used to identify fraudulent activity.

Controlling Retail Shrinkage in the Specialty Environment

Retail shrinkage stems from a handful of causes that are rarely unique to a single retailer. Theft, whether internal or external, and operational error...
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