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Retail Theft and Inventory Shrinkage Nalinrach Suksathaporn Pereya Suviwattanachai Sithiphon Suwanboriban.

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Presentation on theme: "Retail Theft and Inventory Shrinkage Nalinrach Suksathaporn Pereya Suviwattanachai Sithiphon Suwanboriban."— Presentation transcript:

1 Retail Theft and Inventory Shrinkage Nalinrach Suksathaporn Pereya Suviwattanachai Sithiphon Suwanboriban

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3 Retail Theft Employee theft Shoplifting Vendor fraud Administrative error

4 Statistics 2002 Losing $31 Billion to Theft Source - National Retail Security Survey 1.7% of their total annual sales Last year - Losing $40.5 billion to Theft Source: University of Florida

5 Where Inventory Shrinkage Happens Source of Inventory Shrinkage% of Loss*$ Lost Employee Theft48.50%$15.1 billion Shoplifting31.70%$9.7 billion Administrative Error15.30%$4.8 billion Vendor Fraud5.40%$1.7 billion Total Inventory Shrinkage $31.3 billion *total not equal to 100% due to rounding

6 What's the Harm? Impacts everyone especially Consumers Average family of four : > $440 this year in higher prices because of inventory theft Theft’s Target: hot selling items on the holiday shopping season Source: University of Florida criminologist Richard C. Hollinger, Ph.D.

7 Stopping Retail Theft point-of-sale systems: –detect potential theft problems at the cash register –alert appropriate personnel in real-time –can be tied to digital video recorders

8 Stopping Retail Theft Source tagging programs: - tiny anti-theft labels are placed inside an actual product Self-alarming anti-theft tags: - broadcast an audible alarm throughout the store

9 References Retail Theft and Inventory Shrinkage..http://retailindustry.about.com/od/statistic s_loss_prevention/l/aa021126a.htm


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