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Real World Advice for Retailers - Loss Prevention, Chapter 2
Most retailers focus on preventing shoplifters from stealing merchandise from under their noses. Big investments are made in closed circuit camera systems and recorders, as well as expensive security tags and readers – all to prevent, or catch, shoplifting. But what about the other two leading causes of inventory shrinkage – employee theft and data entry errors. Chapter 2 of Michael’s series on Loss Prevention discusses how a good inventory control system can minimize inventory shrinkage.
Reducing Shrink
Inventory Shrink represents a major cost to retailers, and it takes a combination of resources and business practices to properly combat it.
Efficient Ordering
Ordering is a critical part of maintaining a lean and efficient inventory for your store. A few simple best practices can help you keep track of this to save time and money.
How Independent Retailers Can Survive In The 21st Century
Tips for retailers trying to survive in the 21st Century.

Other inventory control system Related Articles

How to Shape Up the Inventory when you have 5000+ SKU’s
The goal: NO EXCESS INVENTORY These days, independent retailers cannot afford one piece of excess inventory. Storage costs, insurance, pilferage, damage, depreciation, taxes and interest on loans add up to 30 percent annually to the cost of the goods you carry. Because those costs continue to rise, tight inventory control is still one of the best investments you can make - especially during the buying season.
Which Retail Automation & POS Software Works For You?
Retail automation software is Nervous-System of Retail Business. It provides the following benefits such as * Inventory Control * Purchase * Bar-coding * Sales (POS) * Purchase & Sales Returns * Repackaging and Warehousing etc. * Stock Transfer * Financial Accounting * Physical Stock Verification and Adjustment * Customer Relationship Management (CRM) * Management Information System * Chain Store Management

Why an Integrated Financial Accounts?
I've often heard that retailers want different system for inventory control and financial accounts. They always says that it confuses our accountants and pos operators. Secondly, people who are not designated to view such data can access because it is integrated.
Real World Advice for Retailers - Loss Prevention, Chapter 2
Most retailers focus on preventing shoplifters from stealing merchandise from under their noses. Big investments are made in closed circuit camera systems and recorders, as well as expensive security tags and readers – all to prevent, or catch, shoplifting. But what about the other two leading causes of inventory shrinkage – employee theft and data entry errors. Chapter 2 of Michael’s series on Loss Prevention discusses how a good inventory control system can minimize inventory shrinkage.
Just In Time, or Just In Case
The modern system of inventory control is Just in Time, from the Toyota Production System. The vendor ships just in time for the operation to process and assemble components. It is generally agreed that JIT demands the utmost in close scheduling, reliable vendors and supply chain cooperation; and results in best floor space utilization, lowest capital tied up in inventory, least spoilage and product damage, and best quality because any errors are caught more quickly. The alternative is Just In Case; inventory is ordered in advance to allow for eventualities. Your organization probably depends on some of each.
Enlist Your Self Control and Achieve Even More
Self-control is defined as “control of oneself” or the “ability to master one's desires and impulses. Philosophically speaking self-control could be described as the exertion of one's own will. Psychologically, self-control usually refers to a person’s self-perception, belief system, as well as the ability to set boundaries on their own behavior. Among some scientific communities, the issue seems to be whether or not what we perceive as “normal” is truly an accurate setting to work with. Most people assume that self-control is healthier than impulsiveness. However, this has to be compared to each person’s value system – their community

Inventory Loans – Financing Inventory Assets
A inventory financing Strategy for Canadian Business -Information on inventory loans and inventory financing in Canada . Why inventory financing is a key component to working capital and profit growth.
Inventory Finance – Working Capital from an Inventory Loan
Information on Inventory Financing in Canada ;Information on how to view inventory finance in the context of obtaining a separate inventory loan, or a financing which includes inventory as a working capital component .

A Different Solution for Business Inventory Financing
Information on Canadian Inventory Finance ;Information for Canadian business owners and financial managers on business inventory financing and the need to control and report on inventory to reduce inventory financing costs.
The Myth Of Inventory Finance Companies
The Real Scoop on Inventory Financing In Canada ;Information for Canadian business owners and financial managers on the ability to finance inventory, are there true inventory finance companies, and , if so, what criteria are critical to obtain inventory financing .

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