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Reduce Shrink of Retail with RFID Inventory Management
May 29, 2018

Reduce Shrink of Retail with RFID Inventory Management


Retail professionals are all too familiar with the concept of shrink. “Shrink” refers to the loss of physical inventory, usually as a result of theft and bad inventory information. While bad information is largely resolved by utilizing RFID, we want to focus today’s discussion on shrink due to theft. Shoplifting is a major cause of inventory shrinkage, but the sadder fact is that a surprising amount of theft happens internally. Known as “internal shrink,” theft by vendors and employees can have a considerably negative impact on retail businesses.


With shoplifting cases on the rise, loss prevention is becoming more important for retailers every year. However, it’s also becoming more complicated and costly, as criminals’ methods are also getting more sophisticated. Fortunately, new advances in Radio Frequency Identification (RFID) retail inventory management technology are a great way to combat shrinkage, no matter if the shrinkage is the result of shoplifting by customers, the result of theft by employees or bad information.


RFID tags work well to prevent a wide variety of shoplifting scenarios. Imagine a shoplifter who takes several items and tries to slip out of an exit. RFID readers at the door will detect the RFID tags on the stolen items and trigger alarms to notify employees. Even if security personnel are unable to detain the thief, managers will – at the very least – know exactly what products were stolen. Having this exact data helps in several ways: (1) The item can be quickly replaced so that the retailer doesn’t miss out on a future sale; and, (2) retailers can track statistics on which items are commonly stolen to increase security techniques and strategies applied to those items.


RFID can also prevent internal shrink by providing a new level of inventory accountability. By knowing when employees work and comparing inventory counts in intelligent software to capture “missing” items and correlating that to employees, a retailer can rapidly zero in on potential shrink patterns and individuals.





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    Xiamen Innov Info Science & Tech Co.Ltd

    Add:No.1 Xiang Hong Road, Xiang An High-Tech Zone, Xiamen City, Fujian Province

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    Mobile:+86-13606915775

    Fax:+86-592-3365890

    Email:sales@rfidtagfactory.com

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