Tag: inventory tracking

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.

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...

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.

In the United States and around the globe, shrink continues to be a challenge for retailers, especially as competition grows, profit margins constrict, and...

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...

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...

Radio frequency identification (RFID) was reportedly developed in the 1940s as an espionage tool in WWII. It has since been used to track everything...

Radio frequency identification, or RFID, has been touted as a magic elixir for retail for more than twenty years. Sometimes referred to as an...

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...