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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.
GS1 and the ECR Community Shrinkage and On-Shelf Availability Group commissioned a research study to look at 10 RFID case study companies.
The APLC provides a platform for industry leaders to come together to address challenges and issues in asset protection.
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.
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.
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.
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.
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.
"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 recently announced the first customer deployment of its single smart sensor strategy, using the TrueVUE radio frequency identification (RFID)-enabled solution to manage...