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inventory shrinkage definition

Beyond the Usual Inventory Shrinkage Definition: Total Retail Loss

There is little consensus on what constitutes “loss” within the retail world nor how it should be measured. The terms “shrinkage” and “shortage” have been loosely applied to encapsulate some of the areas that generate loss, but they are not terms enjoying a clear and agreed-upon definition across the sector.
rfid case study

10 RFID Case Study Companies and Lessons Learned

GS1 and the ECR Community Shrinkage and On-Shelf Availability Group commissioned a research study to look at 10 RFID case study companies.
issues in asset protection LPM 0318

These Leaders Are Solving the Biggest Issues in Asset Protection

The APLC provides a platform for industry leaders to come together to address challenges and issues in asset protection.
LINK SC Conference

LP Must Partner with Supply Chain to Solve Retail’s Omni-channel Challenges

While omni-channel was indeed a significant point of discussion throughout the conference, loss prevention and risk management issues were hardly mentioned. Maybe I shouldn't have been surprised, but I was.

Modern-Day Pirates Pillage Different Seas: The Endless Battle for Cargo Security

Risk is a cargo shipment's constant companion, whether it's sailing on seas, flying in the sky, or traversing the roads and rails. Here, we undertake a look-see into one extremely small segment of supply-chain risk: cargo crimes against domestic ground shipments while in transit.
Maurizio Scrofani

Maurizio Scrofani Changed His Mind about Wall Street

In a recent interview, Scrofani divulges how, as an economics and finance major in college, he had plans to work on Wall Street. But his interest in finance gradually grew into a fascination with the world of loss prevention — and an eventual career shift.
point-of-sale activation

Why Point-of-Sale Activation Technology Has Been Heralded as a Kingmaker

In a world where opposites attract, denial of service could be a force for good and put to commercial use, particularly in retail where organized retail crime gangs and opportunist thieves have had a free hand at disrupting legitimate business.

Loss Can Occur in Omni-Channel Complications

Today's retail world is focused on the omni-channel experience. Being flexible enough to allow shoppers to cross over seamlessly from one sales platform to the next isn't easy. But retailers that don't offer that convenience will lose out to the retailers that do.
NRF Big Show Expo 2019

The World’s Largest Retail Conference Focused on Technology and Customer Experience

"I would love to say that retail is back, but that would be wrong," said BJ's Wholesale Club President and CEO Chris Baldwin with a pause. "Retail never went away."

Johnson Controls Announces First Customer Deployment of Single Smart Sensor Strategy

Johnson Controls recently announced the first customer deployment of its single smart sensor strategy, using the TrueVUE radio frequency identification (RFID)-enabled solution to manage...

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Get your FREE "Optimizing Your Employee Theft Policy" Guide

Promoting a culture of honesty requires implementing a strong employee theft policy and internal awareness program.

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Get your FREE "What is Loss Prevention?" Guide

Read this report to discover the history of retail security and get a glimpse at the rapidly evolving loss prevention profession.

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Get your FREE "Issues with ORC and Shoplifting" Guide

The safety of store associates, customers, and millions of dollars in potential litigation rely upon understanding these issues.

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Get your FREE "CCTV, Alarms, and Security Training" Guide

This report shows how CCTV/video and alarm systems can enhance the safety and security of retail locations.