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 Read More
Tag: shrinkage loss
We are all familiar with use of the word “shrinkage” to describe the losses experienced by retailers, although it is impossible to find any industry-wide agreement on what it actually means or the types of losses that are typically included when it is used by different retailers.
For some, it only Read More
Inventory Control Job Description and Responsibilities
Functions included in an inventory control job description can vary based upon the work environment.
By Kelsey Seidler
What does a typical inventory control job description entail? Whether the specific title is inventory control clerk, specialist, manager, or coordinator, this vital position is usually responsible for ensuring Read More
In April 2014, the ECR Europe Shrink and On-shelf Availability Group received a special award from ECR Europe to celebrate 15 years of the group and the delivery of an estimated €1.5 billion (~ $1.6 billion) in savings for the industry.
As Sir Terry Leahy, former CEO of Tesco, once said Read More
Over the course of four months, students in the UT MSBA program worked closely with asset protection professionals at 7-Eleven to fully understand the organization’s business model and develop hypotheses about how analytics might be used to identify fraudulent activity. Read More
According to the most recent data, the US retail industry loses nearly $60 billion annually due to shrinkage. As part of an increased focus on monitoring shrinkage loss, the University of Texas Master of Science in Business Analytics (MSBA) program partnered with 7-Eleven to better understand how fraudulent activity relates Read More
I am back in the saddle again after undergoing hip replacement surgery this past summer. That is why you did not see me at the National Retail Federation LP conference in San Diego in June, when I usually report preliminary shrinkage statistics. It is also the primary reason that the 2012 Read More