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How Well Do You Know These Essential Inventory Control Techniques?

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.
Sprint Food Store

CASE STUDY: Taking Convenience Stores to the Next Level with IP Network Surveillance Systems

One benefit of implementing the new surveillance system was how it eliminated “blind spots” within stores, such as inside a walk-in beer cooler, which made it easy to prevent theft and catch thieves, according to Harrison.
what causes shrinkage in retail

What Causes Shrinkage in Retail? Addressing the 4 Top Causes

Not every loss prevention tool fits the needs and budget of every retailer. However, a combination of tactics makes an impact and reduces a store's shrinkage.
goodwill loss prevention

Mission Driven

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...
on-shelf availability

The Link Between On-Shelf Availability, Sales, and Loss

You are driving to work as a supermarket supply-chain manager. The hot weekend weather has continued, it’s a lovely Monday morning, yet you’re surprised when your boss calls so early. Agitated, he shares how he just discovered from the CEO that all stores were reporting a massive sales loss because they had sold out of strawberries.
Shoplifter Shoplifting and theft

To Stop or Not to Stop the Shoplifter: Is This Still a Question?

Am I sure that he is attempting to steal this merchandise? "Yes, I am sure."
retail industry, grocery store shrink

Managing Grocery Store Shrink Begins with Problem Identification

One question I have been asked frequently is, “How did you know how to battle retail shrink in the grocery business, especially considering your...

CASE STUDY: C-Store Uses Video to Protect Profits and Recoup Losses

While many things about this family-owned business have changed since its founding in 1973, the need to keep a close eye on each location’s inventory hasn’t.
POS features

Understanding Essential POS Features and Limitations

Data is the future of the loss prevention and asset protection industry. A single, data-friendly LP professional can both identify and address leading indicators...

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