Retail TouchPoints

JANUARY 10, 2024

There’s been a lot of talk recently about retailers reporting lower-than-expected earnings due to inventory shrinkage. According to the Corporate Finance Institute , “Inventory shrinkage occurs when the number of products in stock are fewer than those recorded on the inventory list. What does this mean exactly?

Shrinkage 310

Shrinkage Bar Codes Shipping Finance 310

Retail Focus

AUGUST 8, 2023

Order Fulfillment When outsourcing, retailers can benefit from streamlined inventory management, order processing, and shipping. Third-party logistic experts possess the infrastructure, expertise, and technology required to handle outsourcing order fulfillment with precision.

Loss Prevention 130

Loss Prevention Inventory Management Inventory Turnover Shipping 130

Cisco Retail

MAY 25, 2022

Over 50% of asset protection executives state that they plan to invest in LP technology. Shrinkage means the retailer has less physical inventory than their system reflects. Retailers are increasingly turning to technology to augment traditional LP methods, since those methods really do not prevent loss, but simply record it.

Loss Prevention 142

Loss Prevention Shrinkage Returns Point of Sale 142

RETAIL MANAGEMENT SOFTWARE

JULY 29, 2024

According to recent research, nearly half of all retailers have already invested in in-store technology, and over 80% of the remainder plan to do so within the following year. Less than 30% report having true visibility into managing stocks, pricing and promotion execution, planogram compliance, and allocation and assortment planning.

Inventory Management 111

Inventory Management Shrinkage Promotions Store Operations 111

Mass Relators

OCTOBER 25, 2023

Many retailers expect to deploy loss prevention analytics (49%) and demand planning and forecasting (54%) by 2026. While omnichannel shopping causes challenges for retailers, most shoppers prefer options. The Zebra study indicates 36% of retailers believe better analytics on shrink could help drive profitability.

Checkout 52

Checkout Payment Services Returns Shrinkage 52

RETAIL MANAGEMENT SOFTWARE

JUNE 3, 2024

Managing inventory levels to meet demand during peak seasons while avoiding overstock during slower periods requires careful planning and forecasting. Inaccurate Inventory Counts : Manual inventory tracking methods are prone to errors, leading to discrepancies in stock levels and inventory shrinkage.

Apparel 52

Apparel Fashion Inventory Management Management 52

Retail Times

MARCH 30, 2021

For more information on how to reduce shrinkage, see our previous post on beefing up security and preventing loss in your store. You can have robust tools and solid inventory plans in place, but if you don’t have the right employees to implement them, you’re still going to run into stockout issues. Further Reading. Learn More.

Merchant Services 98

Merchant Services Inventory Management Management Shrinkage 98