2 Easy-to-Execute Tips to Discourage Employee Theft

2 Easy-to-Execute Tips to Discourage Employee Theft 2 Easy-to-Execute Tips to Discourage Employee Theft

2 Easy-to-Execute Tips to Discourage Employee Theft

In recent blog posts we’ve spent a lot of time covering different ways to address the problem of inventory shrink – from curbing employee theft, to keeping vendors honest, to finding ways to mitigate product spoilage.    This post will address shrink as well – on a much more granular level. Today we are going to […]

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Reduce Inventory Shrink by Keeping Product Spoilage to a Minimum

Reduce Inventory Shrink by Keeping Product Spoilage to a Minimum Reduce Inventory Shrink by Keeping Product Spoilage to a Minimum

Reduce Inventory Shrink by Keeping Product Spoilage to a Minimum

Inventory loss can have a big impact on profitability in any retail environment. The key is controlling it. In recent blog posts we’ve discussed ways to curb employee and vendor theft. This post will touch on another aspect of shrink – damaged or spoiled merchandise. More to the point, it will touch on how to […]

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Attacking Shrink From All Sides – Keeping Vendors Honest

Attacking Shrink From All Sides – Keeping Vendors Honest Attacking Shrink From All Sides – Keeping Vendors Honest

Attacking Shrink From All Sides – Keeping Vendors Honest

It would be nice to think that shrink due to theft comes at the hands of people we don’t know – dishonest customers who drive off without paying or pilfer merchandise in their oversized jacket pockets. While this does happen, more often than not, theft comes from someone on the inside. It comes from employees […]

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C-Store Shrink Prevention – Curbing Employee Theft

C-Store Shrink Prevention – Curbing Employee Theft C-Store Shrink Prevention – Curbing Employee Theft

C-Store Shrink Prevention – Curbing Employee Theft

Shrink, as you know, comes from a variety of sources – from slipshod inventory management that results in spoiled merchandise to out and out theft by employees, vendors and customers. There’s no doubt about it. Shrink, no matter what form it takes, hurts. The more shrink, the less profit.  It could be said though that […]

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A Sad but True Story… “I’m Happy with My Audit Service.”

A Sad but True Story… “I’m Happy with My Audit Service.” A Sad but True Story… “I’m Happy with My Audit Service.”

A Sad but True Story… “I’m Happy with My Audit Service.”

In recent years, Quantum Services has acquired other inventory audit firms. Here are the sad but true facts and comments from store operators who used those firms. The story goes basically like this: prior to transitioning to Quantum, store operators were satisfied, even very happy with their audit service. What they didn’t understand, but came […]

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Thank you, Jack Welch, for the Reality Check.

Thank you, Jack Welch, for the Reality Check. Thank you, Jack Welch, for the Reality Check.

Thank you, Jack Welch, for the Reality Check.

A favorite piece of advice we got from Jack is to make sure every smart person and every dollar is invested in growth and competitiveness, not in expensive support functions. Jack often explained his thinking during the famous “workout” sessions in Crotonville, NY, in interviews, and in his books. As a part of our celebration […]

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