Inventory Shrinkage

Targeting Shrinkage with a Comprehensive Loss Prevention Program for High-Risk Stores

How to Design a Loss Prevention Program to Attack Shrinkage in a High-Risk Store

Integrating an effective loss prevention program can yield dramatic improvements when it comes to mitigating inventory shrinkage. But aligning an LP department appropriately within...
inventory analysis, asset protection program

Predictive Data 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...
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Breaking the Retail Shrinkage Life Cycle

For those of who have been in the loss prevention business for a number of years, you are surely familiar with the retail shrinkage...
retail loss, inventory shrinkage definition

Beyond Shrinkage: Introducing Total Retail Loss

A major new report published by the Retail Industry Leaders Association (RILA) puts forward a dramatically different way of thinking about the problem of...
Redefining Shrinkage—Four New Buckets of Loss

Redefining Inventory Shrinkage—Four New Buckets of Loss

What does inventory shrinkage mean to you? For most companies, the answer to this question would be obvious: a significant problem, and usually something that...
history of interrogation, employee dishonesty

How to Manage Inventory through General Loss Interviewing

"All my life's a circle; Sunrise and sundown," sang Harry Chapin. It may be just a natural part of life, but it seems like what was...
Cargo loss prevention, retail shortage

Supply-Chain Shortage Control

Today’s retail environment is as competitively challenging as ever. The retail sector of our economy is in constant change, moving with evolving technology, adjusting...
reduce shrinkage

Rethinking Loss Prevention and Shrink Management

The pace of change in the retail industry has accelerated dramatically over the past few years. The move to online shopping, emergence of mobile...

The Challenge of Using Target-Store Programs to Control Retail Shrink in Specialty Retail

In order to effectively manage retail shrink, loss prevention strategies must be applied differently according to the specific needs of the retail model. This...
inventory shrinkage, how to calculate shrinkage in retail, loss prevention audits

LP101: Loss Prevention Audit Principles

The loss prevention audit is a means of providing an objective and consistent evaluation of company standards, operating procedures and internal controls. Using both...
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