Retail Has a $60 billion Blind Spot, But There’s One Technology That Can Help Reduce Shrink

Shrink is at an all-time high, accounting for 1.62% of a retailer's bottom line — and costing the industry $61.7 billion!*

With inventory losses mounting at a record rate, more retailers are turning to RFID-based solutions to keep eyes on inventory items as they move in, out, and about stores.

RFID-based inventory management and loss detection solutions for retail make it possible to identify each tagged item's location, provide visibility to inventory accuracy and discrepancies from receiving through point of sale, while also detecting loss and shrink events to help maintain a retailer's profitability.

Download our article, Retail Has a $60 billion Blind Spot, But There’s One Technology That Can Help Reduce Shrink, to learn how overhead RFID systems such as Zebra Technologies’ SmartLens® automatically alert inventory protection teams to what’s happening at key points of loss in real time: at the receiving dock, at the register, on the floor and all doors, and at return desks.

RFID solutions go beyond tracking merchandise, too. In this download you’ll learn how SmartLens helps:

• validate transactions
• root out internal and external offenders
• explain shortages
• detect shrink events in real time to help identify source
• recoup losses when needed
• effectively prosecute for all incidents

Read more about Zebra’s SmartLens capabilities by downloading your copy now!
* 2020 National Retail Security Survey