Shrink Management Solutions: How to Prevent Shrink

Shrink Management Solutions: How to Prevent Shrink

Retail shrink (otherwise known as shrinkage) is the percentage of your inventory that goes missing, gets damaged, or goes ‘off’. This is a big problem for retailers, as they are spending money on stock and not seeing a return. This loss can be due to shoplifting,...
How to Prevent Employee Theft in Retail

How to Prevent Employee Theft in Retail

One of the biggest contributing factors to retail shrink is employee theft. Employees often have access to very sensitive information and otherwise restricted areas, making theft “easy” to pull off. This can be detrimental to a retail business’s financials if it is...
RFID Stock Control and Management Systems

RFID Stock Control and Management Systems

Stock control, otherwise known as “inventory control”, is a subdivision of inventory management. Both track and manage stock, but they are not the same thing. It is important to be able to distinguish between the two, and understand how they affect and serve one...