Innovative Retail Technologies

SEP-OCT 2016

Innovative Retail Technologies (formerly Integrated Solutions For Retailers) is the premier source for innovative yet pragmatic technology solutions in the retail industry.

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your rising stars to other leadership view- points that will expand their understand- ing of what it means to be a part of our profession. My recommendation is to let your stars know how much you appreciate them and send them to NRF Protect next year. When you look at the content beyond Day 1, you realize that our sharing has moved from article surveillance, shortage reduction, and camera programs to zones of influence, social media, and terror- ism/active shooters. Being informed and aware of events impacting your business and/or those events headed in your direc- tion are critical for today's loss prevention executives to protect their brand. While shortage reduction and profitability are important to all of us, nothing is more important in today's world than ensuring your associates and customers are safe and sound. Joseph LaRocca, founder of RetaiLPartners, and former VP of loss prevention for the National Retail Federation: The results from the National Retail Secu- rity Survey were alarming. Shrink aver- aged 1.38 percent of retail sales, or $45.2 billion in 2015, up by $1.2 billion from 2014. Shoplifting accounts for the great- est cause with an average loss of $377 per incident (39 percent), up nearly $60 from 2014. This is the second year in a row external causes were cited above internal 33 Sept-Oct 2016 causes. I believe changes in shoplifting laws, such as Prop 47 in California, and increased organized retail crime (ORC) activity are directly responsible. Retail leaders must take an active role, in partnership with state associations, to challenge legislators. We need tough ORC laws and to prevent restorative justice ef- forts from degrading the law enforcement resources designed to deter and investigate retail crime cases. Regarding active shooter/terrorism, I'm concerned that only half of the industry has a program in place. Given the fact there are so many resources available as a model, responding to an imminent threat (i.e., gun shots) should be given the same impor- tance as fire or earthquake planning. COMPLIANCE? GOT VENDOR Imagine an enterprise-level, supply chain visibility, vendor performance, and vendor compliance SAAS solution that costs you nothing. Need automated identification, calculation, and communication of violations and chargebacks? How about mobile tablet devices to record manual audit information from any location with internet access? Don't know who to audit? Our Vendor Classification System will enable you to spend less time with the near perfect vendors and more time with those causing the most pain. Inventory accuracy is essential for omni-chan- nel success. ASN accuracy problems are a major cause of poor inventory accuracy. We have a solution for that. Our compliance portals offer vendors a self-service solution for access to violation and chargeback details, and for communicating disputes. Email your request NOW for a complimentary, no-obligation Opportunity Assessment to info@compliancenetworks.com ComplianceNetworks.com Retail leaders must take an active role, in partnership with state associations, to challenge legislators. Joseph LaRocca, founder of RetaiLPartners, and former VP of loss prevention for the National Retail Federation

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