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inventory shrinkage definition

Beyond the Usual Inventory Shrinkage Definition: Total Retail Loss

There is little consensus on what constitutes “loss” within the retail world nor how it should be measured. The terms “shrinkage” and “shortage” have been loosely applied to encapsulate some of the areas that generate loss, but they are not terms enjoying a clear and agreed-upon definition across the sector.
bad packaging design

3 Principles to Help Your Team Counteract Bad Packaging Design

Few things are as frustrating for a loss prevention leader than discovering a bad packaging design they know will promote retail shrink— a feature which could easily have been prevented.
bad packaging design

Bad Packaging Design Can Lead to Shrink

Few things are as frustrating for a loss prevention leader than discovering a bad packaging design they know will promote retail shrink— a feature which...
retail supply chain

Keeping Pace with the Global Retail Supply Chain

The retail supply chain network is a critical component of the retail machine. While many view the heart of retail as the interactions and...

Day 2 of the 2017 NRF PROTECT Conference

On the final morning of the National Retail Federation (NRF) PROTECT 2017 Conference in Washington, DC, attendees geared up for another busy day of...

LPM Excellence Program Recognizes Melissa Mitchell for Community Service

Excellence in Community Service Melissa Mitchell, CFI, Director, Asset Protection and Retail Supply Chain, LifeWay Christian Stores A veteran of the United States Air Force and...

LPM “Magpie” Awards: Applauding Excellence

The LPM team is privileged to have a front-row seat to the very best in the loss prevention industry, providing a unique opportunity to...

RILA Retail Supply Chain Conference 2017 Preview

Supply-chain executives from retailers throughout the world will meet in Orlando, FL this month for the 2017 Retail Supply Chain Conference, hosted by the...

The Retail Industry’s Biggest Expo Features Integrated Technology at the Heart of Omni-Channel Retailing

Integrated technology is on display throughout the exhibition halls at the National Retail Federation’s BIG Show in New York City’s Jacob Javits Convention Center...
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...

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Get your FREE "Optimizing Your Employee Theft Policy" Guide

Promoting a culture of honesty requires implementing a strong employee theft policy and internal awareness program.

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Get your FREE "What is Loss Prevention?" Guide

Read this report to discover the history of retail security and get a glimpse at the rapidly evolving loss prevention profession.

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Get your FREE "Issues with ORC and Shoplifting" Guide

The safety of store associates, customers, and millions of dollars in potential litigation rely upon understanding these issues.

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Get your FREE "CCTV, Alarms, and Security Training" Guide

This report shows how CCTV/video and alarm systems can enhance the safety and security of retail locations.