Operations and Loss Prevention: Working Together to Reduce Shrink
- Amanda Brown
While often thought of as two separate teams, retail operations and loss prevention (or asset protection) teams have significant overlap in their goals, responsibilities, and the tools at their disposal. Compare these two job descriptions recently listed on a popular job board: The Director of ...
Entering the Next Chapter of Growth at Agilence - 2021 Year in Review
- Russ Hawkins
- Press Room
During the holiday season, I always like to reflect, take stock, and look ahead to the challenges of the new year. The past two years have brought unprecedented challenges and my heart goes out to everyone who has been affected. 2021 began with the promise of COVID vaccines and ends with yet ...
How to Reduce Shrink by Flagging Sales Reducing Activities
- Pedro Ramos
As retailers search for new ways to engage with customers, they are also seeking new ways to detect formerly hidden losses. These losses, known as Sales Reducing Activities (SRAs) include activities that: Indicate fraud and/or unintentional loss Are detectable using analytics Can be controlled or ...
Click-and-Collect Loss Prevention Best Practices
- Corey Adams
Buy Online Pickup In-Store (BOPIS), curbside pickup, and automated lockers make it convenient for customers to get what they need now. But how do retailers make sure they prevent loss while ensuring a great customer experience across all of these channels?
"What's My Banana?" Applying the Banana Trick to Other Industries
- Rebecca Bouchard
- All Industries
With today’s ever-increasing landscape of automated processes that are being deployed throughout the retail, grocery, restaurant, and convenience industries, many brands have shifted away from traditional cashier-run till lines in favor of self-checkout stations. With almost 90% of American ...
How to Survive the Retail Labor Shortage
- Amanda Brown
Retailers are facing more labor and stock challenges than ever. As stores continue to monitor the supply chain to keep store shelves full, they must be creative about attracting, retaining, and making the most of their current employees.