The retail model of a store like Goodwill is a unique one. When you’re faced with handling loss prevention in an environment that accepts and sells donated goods—where traditional inventory tracking is a foreign concept—it can present some unusual challenges. Read More
Tag: inventory tracking
After a long career in loss prevention, including twenty-six years at Best Buy, Paul Stone, CFE, LPC, is now experiencing unparalleled results. Tempted out of semiretirement six months ago, Stone joined Goodwill Industries of Southeastern Wisconsin as its vice president of security. “We have zero shrink,” he said, a smile Read More
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. Read More
By Meg Costa
In the United States and around the globe, shrink continues to be a challenge for retailers, especially as competition grows, profit margins constrict, and the availability of quality employees becomes increasingly limited. Retail companies in the US have been hit especially hard by shrink in the last five years, but Read More
New technology in retail loss prevention emerges regularly. In this profession, it’s important to stay abreast of any new technologies that may show potential and could help reduce theft and fraud.
Technology beats the bad guys: Find out how by downloading our FREE Special Report, Retail Technology: Electronic Article Surveillance, RFID Inventory Management and Trends in Omni-Channel Retailing
Industry conferences and events are a great place to scope out the latest solutions. For example, Tom Meehan, CFI, witnessed Read More
A ton of great smart tech was on display at the National Retail Federation’s Big Show in January, from wearables to the Internet of Things (IOT). My team was invited to a small get-together. I noticed several people had sharp-looking ski jackets. As a trained investigator, I knew there was Read More
RFID in Retail
Radio frequency identification, or RFID, has been touted as a magic elixir for retail for more than twenty years. Sometimes referred to as an intelligent alternative to standard electronic article surveillance (EAS) systems, a path to better inventory tracking, and a supply chain replenishment tool, the technology at Read More
Radio frequency identification (RFID) was reportedly developed in the 1940s as an espionage tool in WWII. It has since been used to track everything from automobile parts to pharmaceuticals and even livestock.
The retail world began to adopt the technology in the 1990s. Although RFID in retail originally found its place Read More
Radio frequency identification, or RFID, has been touted as a magic elixir for retail for more than twenty years. Sometimes referred to as an intelligent alternative to standard electronic article surveillance (EAS) systems, a path to better inventory tracking, and a supply chain replenishment tool, the technology at times struggled Read More
There’s something about starting a twelve-hour workday with an early morning teleconference with your company’s London-based risk committee. For Kevin Valentine, those trans-Atlantic meetings are not everyday events, but not that unusual either. He says by the time the conference call ends, he’s ready for a fresh cup of coffee Read More