Tag: loss prevention

LP names you need to know this month!

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.

"We proved-out that the technology works phenomenally well. The technology is great." This effusive praise by an LP executive who oversaw a several-store test...

LP pride! Check out the 26 individuals who are making big industry moves this month.

LP pride! Check out the 44 individuals who are making big industry moves this month.

Retailers can gain a comprehensive understanding of shopper and employee behavior in their physical locations using Walkbase, STRATCACHE’s location-based marketing and analytics platform. The...

The great thing about the enticement question is that we can use it regardless of whether we have any evidence. The wording of the question thus becomes very important.

According to research, workers whose education includes scenario-based instruction score better on retention exams, have a more positive attitude toward training material, and think arguments used in training are more persuasive.

Here are two key areas where the industry is failing to keep up with the changes in holiday shopping habits and some basic steps that can be taken to solve the growing issues in supply chain management. 

Whether you are an AI skeptic or an enthusiast, these real-life scenarios illustrate the impact of AI and IoT and demonstrate ways for the retail industry to reimagine their loss prevention strategies with advanced technologies.