Retail shrink topped $119 billion in 2011, representing a major challenge for retailers around the globe. A new white paper from Tyco Retail Solutions, “Shrink Visibility, The Forensics of Integrating Item-Level RFID and Loss Prevention” examines how RFID can help deter shrink.
Adding item-by-item RFID reads at key points in the store is a step toward “Shrink Visibility”—a comprehensive view of store-wide shrink achieved by integrating information across multiple store systems.
Shrink Visibility is an alternative to the blind spots and shortsightedness created by current tools for assessing and reducing shrink. Capturing quality data in real time enables predictive, analytics-based strategy and response—at the exit, in receiving and on the selling floor.