Retail in Asia


Shrink Visibility: The forensics of integrating item-level RFID and loss prevention

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Loss Prevention (LP) departments face two obstacles in their attempts to control retail “shrink”. First, the definition of shrink itself is imprecise: often, it tracks financial losses at the category level instead of individual events at the SKU level. Also shrink lumps in losses from shoplifting, internal theft, and Organized Retail Crime with receiving miscounts and vendor errors outside LP’s area of responsibility. Second, most LP analysis and response are backward-looking: useful for staffing and long-term mitigation, but less effective in organizing real-time response or quick adaptation to new tactics in retail theft.

Shrink Visibility is an integration of item-level RFID information and Loss Prevention data, a real-time understanding of what, when, and how specific items go missing. It combine information from Electronic Article Surveillance (EAS), video surveillance, and new Radio-Frequency Identification (RFID) inventory-visibility technology to give a complete picture of loss events – at the SKU level and in full context – at the moment they occur.

This white paper from Tyco Retail Solutions discusses how Shrink Visibility helps retailers to reduce loss and better manage shrink which include:

  • Tracking and managing retail shrinkage from all sources, in real time.
  • Differentiating between actual store shrink and other forms of inventory distortion.
  • Pinpointing shrink sources, in the store and all along the retail supply chain.
  • Replacing after-the-fact follow-up with realtime response and predictive analytics.

To download the full report, click on the PDF attachment.



(Source: Tyco Retail Solutions )