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Somewhere between 1% and 2% of turnover (and as much as 25% of profits) in every retail operation is typically lost to ‘shrinkage’ – much of it due to unknown causes. Giving it a single name can support the illusion that it is the only cause of loss. In reality, retail loss has dozens of causes and they are constantly changing.
Though shrinkage and stock loss are issues, the real prize comes from exposing all the sources of loss and addressing all of the underlying causes: The policy, process and non-compliance issues that lead to error and allow fraud to flourish.
The IntelliQ Loss Calculator gives you a first idea of how much money your company potentially loses, and of the major sources of loss. Analysing and addressing this problem with a dedicated loss prevention solution can reduce shrinkage substantially with growing ROI year after year. |
