Tag: internal and external theft

Once you have senior leadership's buy-in, you can then create accountability for controlling loss beyond the LP team. The best place for accountability is in your company's performance reviews.

As the industry transitions from bricks and mortar to “bricks and clicks,” the capabilities of existing systems are being stretched thin, and many retailers have not fully integrated the new technology required to manage loss and reduce shrinkage effectively in an omni-channel world.

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.

In the United States and around the globe, shrink continues to be a challenge for retailers, especially as competition grows, profit margins constrict, and...

Preliminary analysis of how LP teams are using data analytics suggests it is being used in at least three ways, based on the type of analysis being performed, the frequency with which it is done, and the type of employees using it.

Leading off the final day of the 2018 Innovision Conference from Fort Lauderdale was a keynote presentation with Dr. Rick Goodman, a former physician...

How to Calculate Shrinkage in Retail Understanding how to calculate shrinkage in retail is a fundamental but critical concept within the loss prevention profession as...

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

Industrial Security Solutions (ISS) specializes in providing a complete range of EAS and CCTV products and services that focus on cost-effective solutions catered to...