Home Tags Inventory control
Tag: inventory control
From a loss prevention perspective, a strong understanding of how our inventory is managed is crucial as we attempt to resolve shrink-related issues. One basic but important component is knowing the inventory control techniques and accounting methods used by your company.
Understanding how to calculate shrinkage in retail is important. However, understanding why it is important to control these results and how we can impact company profitability by both improving sales and controlling retail shrinkage is the key to success.
EDITOR'S NOTE: Our annual magazine editorial board meeting was held in Philadelphia on October 10-12, 2018. The three-day event was colocated with our friends...
David Marks is now an assets protection specialist at 7-Eleven. Frank Sorgie Jr. was named senior LP manager at Academy Sports. Eric Rose was named global...
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.
EDITORS NOTE: Kevin Valentine, CFI, LPC, retired at the end of 2017 as senior vice president of internal audit, loss prevention, and enterprise risk...
The upheaval in physical retail has had multiple ramifications for loss prevention professionals, but perhaps none more pronounced than its impact on which projects LP should advocate.
Every so often, a simple idea catches the imagination, fervor, and engagement of a group of people and is developed into a successful practice that revolutionizes a business. Electronic article surveillance (EAS) source tagging is definitely one of those.