Inventory Shrinkage

Unexpected Loss in the Bagging Area

The use of self-scan and checkout (SCO) technologies has grown considerably in the past fifteen years, predominately but not exclusively in the grocery sector, where customer and product volumes and space-utilization issues make them a particularly appealing proposition. For many retailers it has provided a significant opportunity to reduce their   Read More

Partnering Science, Data, and Asset Protection to Tackle Retail Shrink

Over the course of the past half year, we have been working closely with The Kroger Co. and the asset protection team utilizing analytics to drive insights from data that lead to better overall understanding and decisions regarding a problem common to the entire retail industry—retail shrinkage, or shrink.

The produce   Read More

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 availability of quality employees becomes increasingly limited. Retail companies in the US have been hit especially hard by shrink in the last five years, but   Read More

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 Vista Pictures as being an early pioneer in coordinating with retailers to prevent theft. Video releases such as Beauty and the Beast were massive hits with   Read More

Collaboration on Food Waste Reduction

EDITOR’S NOTE: This article first appeared in the Autumn 2017 edition of LP Magazine Europe.

In the English language, the word “set” reportedly has the most number of different meanings—464 according to the Oxford English Dictionary. The word “run,” with 396 meanings, is apparently making a strong bid to catch up,   Read More

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 retail loss and how it might be defined and measured in the future.
The Situation
There is little consensus on what constitutes “loss” within the retail world nor   Read More

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 to consumer demands, and anticipating trends. The bedrock upon which healthy retailers are built is the supply chain that provides the goods to be sold. A   Read More

W-Z Unveils New Distance Learning Modules

Wicklander-Zulawski & Associates (WZ) unveil new Distance Learning modules that incorporate instructor-led webinars with computer-based training as part of its newly packaged curriculum guide, “6 Milestones to Elite.”

“We’ve launched our 6 Milestones to Elite curriculum guide in response to an overwhelming number of requests for new topics and an organized   Read More

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