Developing a Total Retail Loss Approach I Ep. 46

Traditional approaches to managing retail loss have largely focused upon dealing with the issue of shrinkage, a periodic measure dating back over 140 years, that typically captures the difference between expected and actual stock values. Shrinkage calculations offer little, if any, insights into the root causes of loss. As the complexity of retailing continues to accelerate, the capacity to assimilate data and the range of risks retail now faces have increased considerably. Relying upon this ...