Inventory Tracking

How Personalization Data Will Help You Decrease Shrink

Reducing shrink in a grocery store can seem like an almost impossible task. While the retail industry in general is plagued with loss prevention woes, grocery can be even more difficult to monitor simply because of the nature of its products. Customers can eat products before purchasing them and items can even go bad on…

Expired Shrink Prevention Strategies for Community Grocers

3 Expired Shrink Prevention Strategies that Can Help Your Community

Many retail operations are created with the business in mind. We have implemented procedures in order to make our stores run more efficiently, and in a more cost-effective manner. When we originally put together those processes, we were considering how the business would be affected by the results.

That mindset is being flipped on its head as we get closer to 2020. The focus of supermarkets across the country needs to shift, placing the spotlight on our customers instead of our internal workings.

Best Expired Shrink Solution: Internal Process vs. Date Check Pro

Expired shrink is a problem for many grocers like you, yet it tends to fall to the bottom of your to-do list. You may think that you have bigger fish to fry: purchasing decisions to make, employees to manage, and marketing efforts to execute, but in reality, your neglect of expired shrink in your store can have a major impact – on your customers and your bottom line.

So, what is the best expired shrink solution? You have to weigh your options.

Save Some Dough – Reducing Dairy Dough Shrink

Have you ever walked into your dairy cooler and found a bunch of expired doughs among everything that had been pulled for the day?  This section of the store can generate shrink for a few different reasons, and we are going to walk through some of the tips and tricks of what to watch for and how to combat higher loss in this area.

broccoli

3 Lessons from Walmart on the Future of Grocery Store Shrink Control

In 2015, Walmart reported $300m in revenue lost to theft alone. When combined with other contributors to total shrink, it’s no wonder why the retailer has recently launched a series of new initiatives to get a better handle on these losses. Like other retailers, both large and small, Walmart’s plan to combat the industry’s alarmingly…

prevent fraud

3 Ways Grocers Can Prevent Increased Holiday Fraud

This post is excerpted from our latest eBook, The Top 5 Asset Protection and Loss Prevention Problems Faced by Supermarkets During the Holiday Season. Instances of fraud increase during the holiday season. Fraud is not always easy to catch the moment it happens, but training employees to follow standard procedures and always be vigilant can…

supermarket view

How Grocers Can Manage Untrained and Overwhelmed Holiday Staff

This post is excerpted from our latest eBook, The Top 5 Asset Protection and Loss Prevention Problems Faced by Supermarkets During the Holiday Season. The holidays put an increased burden on existing and seasonal staff and create opportunities for theft by both shoppers and employees. Follow the strategies below to minimize the stress put on…

increase surveillance

4 Actions Grocers Should Take to Reduce Holiday Theft

This post is excerpted from our latest eBook, The Top 5 Asset Protection and Loss Prevention Problems Faced by Supermarkets During the Holiday Season. The holiday season brings more sales for grocers and supermarkets, but also brings a dramatic increase in property crimes and theft including shoplifting. Larger U.S. cities have reported a shocking 45…

How Inventory Cycle Counts Can Help Grocers Reduce Shrink

Roughly 16 percent of retail shrink stems from administrative paperwork errors, according to the latest National Retail Security Survey. While good accounting systems armed with proper protections can prevent costly pricing mistakes due to markups and markdowns, cycle counting your inventory can have a huge impact on shrink numbers as well. This practice, when implemented…

3 Out-Of-Box Analytics Platforms Grocers Can’t Ignore

It can be hard to stay on top of the latest advancements in grocery store data technology. With recent advancements in CCTV technology and loyalty programs — not to mention the rapidly-changing habits of 21st century consumers — analytics platforms that help inform supermarket business decisions might be pushed to the back burner. If you…