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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.
Cargo Theft, stolen cargo

The Lurking Costs of Cargo Theft

Cargo theft often is thought of as a silent and victimless crime, despite the fact that it accounts for losses of billions of dollars annually in the United States.
working in loss prevention

Working in Loss Prevention Alongside Law Enforcement: Can It Be Done?

For years, there have been those who have questioned whether retail loss prevention and law enforcement can effectively work in partnership with one another. Professionals working in loss prevention have often felt that law enforcement was unconcerned about helping them with their business.
Professional Development, In-store audit crisis management team structure, walmart store policy when prosecuting shoplifter security cameras

Case Preparation: The Key to Successful Shoplifter Prosecutions

The loss prevention associate finally caught them red-handed. For three months, he had been trying to catch these shoplifters in the act. This time,...

Solving Access­-Control Challenges by Engaging with Retailers

Sponsored EditorialInterview with Ken KuehlerKuehler began his career in retail loss prevention with Reebok before moving to Detex eighteen years ago where he has...
access control definition

Access Control and the Case of the Missing Camera

When I first approached this writing assignment on access controls, I brainstormed the usual items on the topic. I realized quickly that a 3,000-word...

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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.