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pcbalasubramanian | October 23, 2009
3Cs on retail shrinkages
Ask any retail chain who runs its own stores as to what bothers them the most, the reply would include “Shrinkages and Pilferages” amongst a few other issues.In simple terms, retail shrinkage is the difference in the value of stocks as per books and the value of actual stock at the store on any given date.
While some of the issues are beyond the control of the retailers, the subject of shrinkage is within the control to a great extent. This is particularly important to large grocery chains who can’t afford to have sophisticated RFIDs and sensors considering the nature of products being sold predominantly.
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