LP Magazine

SEP-OCT 2018

LP magazine publishes articles for loss prevention, asset protection, and retail professionals covering shrinkage, investigations, shoplifting, internal theft, fraud, technology, best practices, and career development.

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PARTNERING SCIENCE, DATA, AND ASSET PROTECTION TO TACKLE RETAIL SHRINK Decision Tree: What are the problem areas at the individual store level? Store Mask Store Type Shrink Sales Inventory Ratings Turnover GM% $/Produce SQFT 00145 1 00162 1 00086 5 00063 1 00132 2 00011 1 00091 5 00127 2 00136 3 00110 5 00126 2 00179 5 00004 3 00101 5 00117 5 00133 4 00147 1 00002 1 00166 5 00055 3 Inventory Category | Ratings Category | Turnover Category | Shrink Category | Sales Category Above Average Average Below Average when considering the bottom line. For example, determining the precise quantity of gala apples present in each store on each date may not be cost effective considering the benefit of having such detailed records. Produce in particular can present a daunting task considering the multitude of vendors delivering the product. There may be five different vendors providing strawberries, tracked by different SKUs. For other items such as potatoes, it's 45 LP MAGAZINE | SEPTEMBER–OCTOBER 2018

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