Tag: inventory system
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.
Physical Security Threats and Vulnerabilities
Learn what physical security threats and vulnerabilities your devices might be exposed to, and then learn how to harden those technologies against them.
ORC Theft Trends and Impact
A more effective way to attack this type of theft is to bring together retailers and law enforcement resources in order to share trends and case details.
Case Preparation: The Key to Successful Shoplifter Prosecutions
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,...
Security’s Security
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...
An Update on Major Subjects Affecting Retail LP
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...
Taking Your Retail Store Audit Checklist to the Next Level
“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...
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...
Grasping the Future and Today: A Balancing Act
Every day, when the alarm goes off in the morning, all of us in the retail industry have a similar challenge awaiting us. Whether...
Loss Prevention Strategies Built from a Different Mold
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...