Our team recommends data-driven solutions to tackle shrinkage and return processes by leveraging the patterns revealed through your retail analytics. We believe that every piece of data, regardless of its size, holds valuable insights. That's why our experts meticulously tailor recommendations to align with your specific business objectives, ensuring maximum impact and effectiveness.
RetSci understands managing shrink and inventory loss is a top priority for clients. Our experts provide insight into building models and utilize data to highlight areas of shrink to optimize processes without waiting for an annual inventory count.
Identify likely shrink by store:
● Update inventory counts
● Adjust merchandising
● Increase employee presence
Analyze shrink patterns by grouping:
● Product attribute
● Store
● Vendor
● Distribution center
● Shipping routes
Quantify shrink impact on business:
● Sales
● Allocation/In-stock
● Negative inventory