Tag: inventory system
Most retail companies have a department dedicated to maintaining processes and procedures related to inventory management and retail shrinkage. The inventory control department ensures that optimum inventory levels of products are available and accessible to the stores; that stock levels/turnover are efficiently managed; that inventory is maintained in a safe Read More
By Ryan Gausman
The loss prevention associate finally caught them red-handed. For three months, he had been trying to catch these shoplifters in the act. This time, he saw it happen. The male removed the frying pan from the box. He filled the box with Blu-ray discs and resealed it, leaving it on Read More
By Matt Lincoln
Loss prevention has traditionally focused on shortage reduction through an emphasis on internal theft, external shoplifting, and operational controls. Resources to prevent these losses have been spent on developing programs and controls to stop loss from within the company.
Within the past couple of decades, however, retailers have identified the growing Read More
There may be no better symbol of the nation’s modern, high-tech military—not to mention US military might—as its fleet of predator drones. So it surely caused a few red faces at the Pentagon when it was discovered that insurgents in both Afghanistan and Iraq had used $26 software to intercept Read More
After completing the three-part series on the first fifteen years of Loss Prevention magazine, I promised to write an additional article that looks at the current and future state of some subjects we discussed that have a huge influence on the retail loss prevention profession. As I looked at the Read More
“The pen is mightier than the sword” is a tried-and-true axiom that virtually everyone has heard applied to the world of media or, in some context or another, to the skill of writing. But how does it apply to the world of the retail store audit checklist?
Let’s take a look Read More
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 is getting worse, not better, despite unprecedented developments in technological solutions and growing loss prevention budgets.
Some retail companies across the globe are gleaming examples of how Read More
By Steve Sell
Every day, when the alarm goes off in the morning, all of us in the retail industry have a similar challenge awaiting us. Whether you are a retailer steering through vast change in the marketplace or a solution provider trying to deliver the right solution at the right time for Read More
The Sport Chalet experience is focused on “premier sporting goods and expert advice.” There are some distinct anti-shrink and fraud-prevention features built into the Sport Chalet experience. That’s not to say that shoplifters cannot be a scourge to this upscale sports supplies retailer, but nonetheless, even the most experienced and Read More