Retail Decoded by ControlTek

Insights on retail security and inventory management solutions

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Complacency: The Risk That Comes with Lower Shrink

While inventory shrink is still an issue in the retail industry, this year’s statistics indicate loss prevention efforts have been paying off. The 2015 National Retail Security Survey showed a 1.38 percent average in inventory shrink (as a percent to sales) during the previous year, totaling $44 billion in losses, Security InfoWatch reported. While retailers are still

The 3 Most Commonly Overlooked Key Elements of Inventory Management

Perhaps you’ve met this person, or maybe you are him or her. It’s the person whose desktop is immaculate – with everything lined up just so – but as soon as you open one of their drawers, you see a bunch of things crammed in there haphazardly, without any discernable system. Sure, the desk looks

Put the Stock Back in Out-of-Stocks: Affordable RFID Solutions

The movement of goods is the ultimate goal for any retailer. But what happens when a retailer is unable to move goods into the consumers’ hands because of out-of-stock issues? According to Jacqueline Renfrow at fierceretail.com, over 75% of adults found a wanted product to be out-of-stock during store visits over the last 12 months.

Top 3 Reasons Why ORC may be Smaller Fish in the Shrink Sea

What is ORC? The National Retail Federation (NRF) defines Organized Retail Crime (ORC) as, “theft/fraudulent activity conducted with the intent to convert illegally obtained merchandise, cargo, cash, or cash equivalent into financial gain (no personal use), typically through online or offline sales. Organized retail crime typically involves a criminal enterprise that organizes large-scale thefts from

The Not-So Holiday Checklist

With the influx of customers during the holiday months, most businesses’ have taken measures to be certain their existing inventory strategies are well thought-out, and that their stores are well prepared for the added security and other inventory protection needs that come with the holiday season. All of this preparation is designed to ensure the