Shrinkage, also known as inventory shrinkage, is the loss of inventory that can occur due to various reasons such as theft, damage, administrative errors, and more. Analyzing shrinkage is crucial for businesses as it can impact their profitability and overall
Category: Blog
Managing Risks in Self-Checkout Technology
Self-checkout technology has become increasingly popular in retail stores as a way to improve efficiency and customer experience. However, with the rise of this technology comes the potential for various risks that need to be managed effectively. Understanding potential risks
Optimizing Retail Supply Chain in Italy During Covid-19
The Covid-19 pandemic has significantly impacted retail supply chains in Italy, one of the countries hit hardest by the virus. The disruption caused by lockdowns, travel restrictions, and social distancing measures has forced retailers to rethink their supply chain strategies
UNDERSTANDING STAFF DISHONESTY IN RETAILING
Employee deception in retailing can have a significant impact on a company’s bottom line. This deceptive behavior can range from stealing merchandise to providing false information to customers. In this article, we will explore how to recognize signs of employee
Maximizing ROI with Loss Prevention Technologies
In today’s competitive business landscape, maximizing Return on Investment (ROI) is crucial for sustainable growth and profitability. One area where businesses can significantly boost their ROI is through the effective implementation of Loss Prevention Technologies. By leveraging advanced technologies, companies
Valuing Shrinkage in Retail Operations
In the world of retail, shrinkage is a term used to describe the loss of inventory between the point of manufacture and the point of sale. This loss can be attributed to various factors such as theft, damage, human error,
Insight into Retailers EAS Usage
In the fast-paced world of retail, Electronic Article Surveillance (EAS) technology plays a vital role in preventing theft and reducing inventory shrinkage. Retailers across the UK and US are increasingly relying on EAS systems to protect their merchandise and improve
Mastering Efficiency: The Ultimate Benchmark Checklist Tool
Efficiency is a crucial aspect of running a successful business. Without efficient processes and systems in place, a company can waste time, money, and resources. In today’s fast-paced business environment, mastering efficiency is essential to stay competitive and achieve sustainable
Module 2: Understanding Total Retail Loss in ECR and Checkpoint Learning Series
Module 2 in the ECR and Checkpoint Learning Series focuses on understanding Total Retail Loss, a crucial aspect of the retail industry that encompasses various forms of losses such as theft, fraud, and operational errors. This module delves into the
Examining Loss in Self-Checkout Retail
Self-checkout systems have become increasingly popular in retail stores, offering convenience and efficiency to customers. However, they also present a unique set of challenges for retailers, particularly when it comes to loss prevention. In this article, we will explore the