Tag: inventory shrink
How to Manage Inventory: Shrink Visibility
At a time when store margins are under intense competitive pressure, retail shrink can make or break a retailer's bottom line. But retail shrink numbers are vulnerable to blind spots and imprecise metrics.
Security at the Source
Manufacturer involvement in designing product protection is decades old, noted University of Florida research scientist Read Hayes, PhD, CPP. He remembers Walt Disney's Buena...
Active Deterrence: A New Tool for Product Protection (Indyme Solutions)
Nearly 23 percent of surveyed retailers report overall inventory shrink increasing to 2 percent or more of sales, while 65 percent of retailers expect...
The 11 Habits of Low-Inventory Shrink Retailers
In his bestselling book, The 7 Habits of Highly Effective People, Stephen Covey presented a holistic, principle-based approach for solving personal and professional problems....
Data Science and LP: Much Ado about Something
To find success, it is imperative that the LP practitioner become more knowledgeable about the universe of data science and analytics.
Jewelers Increasingly Afraid of Theft, Senseon Secure Access Survey Finds
Three-quarters (75 percent) of retail jewelers participating in a Senseon® Secure Access survey said they are more concerned about jewelry theft than in the...
Go Beyond the Basics with Your Distribution Center Loss Prevention Team
Distribution center loss prevention provides a unique challenge to the industry. As with all LP programs, the distribution center loss prevention team is tasked with...
LPM Insider’s Top 5 Inventory Shrinkage Articles of 2017
Inventory Control Job Description and Responsibilities
Functions included in an inventory control job description can vary based upon the work environment.
By Kelsey Seidler
What does a...
How to Protect Retail Inventory This Holiday Season (Checkpoint)
This year’s holiday shopping season is expected to be strong, according to data released by the National Retail Federation (NRF). Retail sales during November...
Building the Foundation for a Strong Logistics Loss Prevention Department
Once, a distribution center supervisor told me about their former logistics loss prevention manager. During management meetings, this fellow took great pride in informing...