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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.
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6 Upcoming Loss Prevention Conferences and Events

2019 is in high gear, and we're just getting started. Let LPM help you find your next networking opportunity, retail technology expo, or training course.
bad packaging design

3 Principles to Help Your Team Counteract Bad Packaging Design

Few things are as frustrating for a loss prevention leader than discovering a bad packaging design they know will promote retail shrink— a feature which could easily have been prevented.
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.
Calendar of Loss Prevention conferences and Events

5 Upcoming Loss Prevention Conferences and Events

Happy New Year! This is the time of year when everyone's getting organized for 2019. Let LPM help you find your next networking opportunity, retail technology expo, or training course.

LPM Online’s December 2018 Issue Puts the Spotlight on Physical Security and Safety

From injury prevention to shoplifter apprehension risks, from facial recognition technology drawbacks to the operational implementation of omni-channel, the latest issue of LPM Online gives you the information you need to become a better industry pro.

Organized Retail Crime Losses Reach All-Time High

Organized retail crime (ORC) is continuing to grow, with nearly three-quarters of retailers surveyed reporting an increase in the past year, according to the...
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A Message from LP Professionals Who Have Served as We Celebrate Veterans Day

Today there are approximately 20.4 million military veterans in the United States. Hear from some of our own in the industry about their experiences as veterans or military supporters.

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