Articles
RSSStop Inventory Loss: There's More Than One Answer By Dr. Simon Cotter And Matt Watters, Alpha Retail Technology
June 15, 2006
Click Here To Download:•Article: Stop Inventory Loss: There's More Than One Answer
With inventory shrinkage continuing to cost the retail industry tens of billions of dollars a year, many retailers are scrambling to install new security systems in stores and even to monitor their stock. While improved CCTV systems, source-tagging, and continued innovations in packaging and anti-theft devices are important tools in combating internal and external theft, they are far from a comprehensive solution, and are often expensive and distract from a store's environment and customer relations. A positive approach to store security, focused on staff and software, can provide huge returns in every area of retail operations while attacking the root causes of internal and external theft.
Three Steps to Preventing Employee Theft
The challenges facing the owner of a retail business are multifold, but the most critical
area is having and retaining employees for the storefront who exhibit strong customer
service skills, salesmanship, and integrity. Unfortunately, in an industry characterized by
below-average wages, high turnover rates, and low experience levels, these employees
are not always available.
•Article: Stop Inventory Loss: There's More Than One Answer
Written by Dr. Simon Cotter and Matt Walters of Alpha Retail Technology. Dr. Cotter is
VP of Technology at Alpha Retail Technology, a retail software and systems provider
focused on small to midsize businesses.
