Each year, many organizations publish loss prevention statistics. We’ve highlighted data from the NRF and NACS on inventory shrink and spoilage for 2020.
Having to write off inventory can be and frustrating, especially if you can’t figure the root cause. Internal theft can go unnoticed for months between your inventory counts.
Inventory management is the process of organizing and managing your inventory from the day you purchase it to when it sells. This guide will discuss leading inventory management techniques, formulas, and tips
As a c-store owner, inventory loss due to shrink or spoilage will impact your business, but do you know by how much? For 2020, NACS reports an average shrink and
Employee theft in the retail industry has increased drastically over the past years. Here are the 4 secrets of how to stop employee theft in your convenience store.
Inventory management at your convenience store can make or break your c-store operation. The first step to gaining control over your c-store’s bottom line is to get an accurate view of your item-level inventory. It’s critical to use
Every c-store owner must control shrinkage and meet customer demand with a regular inventory cycle count. Not only will you keep shelves stocked with high-selling items, but you can keep your eye on high-theft items as
Gas stations and convenience stores (or c-stores) are a thriving industry and have been a fixture on the American scene since 1927. According to the National Association of Convenience Stores (NACS), there
Right-sized technology provides the critical competitive edge in the retail playing field, particularly among independents and chains. Today’s leading convenience store operators are maximizing their performance by leveraging technology in
Eating healthy food is good for your customers, and selling healthy food is profitable for your convenience store. Convenience store customers from all age groups are now eating more healthy foods. Are you offering healthy food options at your c-store? Providing
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