Tag: inventory asset management
LP Insider’s Top Five Inventory Shrinkage Articles of 2016
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...
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...
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...
Collaboration and Effective Loss Prevention Management
With limited resources necessitating efficiency and cost effectiveness, but standards still requiring responsiveness to customer needs, managers are asking questions about the best ways...
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...
2015 NRSS Executive Summary
For over twenty years the industry has recognized and used the National Retail Security Survey (NRSS) as a key benchmark for retail loss prevention....
Weis Markets: 100 Years of Innovation
It's no small feat to be in business for 100 years, much less thrive and grow, but Weis Markets has done just that. From...
The U.S. Navy Exchange—Loss Prevention with a Family Touch, Global Reach
Here is a quick quiz—Name a multi-billion-dollar global retailer that is consistently profitable, has had only one owner in 200 years, offers attractive wages and benefits (medical/dental/life...
Supporting the Mission of Giving Back to the Community
Goodwill Industries of Southeastern Wisconsin and Metropolitan Chicago is one of the largest of more than 180 independently operating Goodwill agencies in North America in terms...
Shrinkage Awareness – Communications with an Edge
In a large organization like JCPenney, new hires are immediately given a tidal wave of information on policies, procedures, scheduling, customer service, and register training as...