Tag: inventory management
2020 Retail Trends That Will Impact Asset Protection
Technology is not here to eliminate us; it’s here to make our jobs and lives easier. Retail will continue to evolve with technology. As retailers, our responsibility is to focus our efforts on improving the customer experience using the new tools at our disposal.
How Well Do You Know These Essential Inventory Control Techniques?
From an LP perspective, a strong understanding of how retail inventory is managed is crucial to resolving shrink-related issues. One basic but important component is knowing the inventory control techniques and accounting methods used by your company. The two most common are the “retail” method and the “cost” method of accounting.
RFID Technology and Its Use in Asset Protection
RFID technology allows companies to know where in their process any particular asset is, so they can monitor the speed of production, the time of delivery, or any other factor that will help them to see how long their processes actually take—and control assets by knowing where they are at any point in time.
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.
LP Must Partner with Supply Chain to Solve Retail’s Omni-channel Challenges
While omni-channel was indeed a significant point of discussion throughout the conference, loss prevention and risk management issues were hardly mentioned. Maybe I shouldn't have been surprised, but I was.
What Causes Shrinkage in Retail? Addressing the 4 Top Causes
Not every loss prevention tool fits the needs and budget of every retailer. However, a combination of tactics makes an impact and reduces a store's shrinkage.
From Manufacturer to Retailer: Product Protection Is Everyone’s Job
Solutions to address theft and loss are often led from the retailer side of the partnership, but manufacturers do face responsibilities when it comes to product protection. From manufacturer to retailer, product protection is everyone's job.
Going, Going, Gone. This Time, It’s Payless.
Payless and Sears are dramatic examples of the difficulties of some iconic retail brands, but they're not alone. Recently, David Simon, chairman and CEO of the Simon Property Group, admitted he's nervous.
Checkpoint Systems Announces HALO IoT Platform for Today’s Connected Store Environment
Today’s fast-paced retail requires stores to keep up with consumer demand for popular brands and specific fast-moving SKUs. While many Internet of Things (IoT)...