The Central Shrinkage Knowledge Base
Time and money is wasted in so many retail companies pulling together all the information you need effectively to manage shrink. Worse still the information can be so difficult to bring together that shrinkage and the issues surrounding it can become invisible.
Shrinkage KPIs need maximum visibility for effective management of Loss Prevention in a retail business. Give the issue maximum exposure and it remains on everyone’s agenda. Retailers are by nature competitive and to have very visible performance statistics is its own motivator. No-one wants to come last.
It is also very important to have a single version of the truth, trusted and relied upon by everyone in the organisation. If Retail have one view of shrink and Finance have their own view then the business cannot pull together to crack the problem.
Senior management need ready access to the numbers. There are the obvious reasons, the need to monitor current position and progress and the need to be able to quantify the damage shrink is doing to the bottom line.
In addition, if the focus on shrinkage is truly to come from the top of the organisation, the leaders of the company need to be able to challenge their heads of function in a meaningful way. They need good information, easily obtained and up to date.
ORIS MIS performs all of these roles and many more. There are a number of pages linked to this one which will tell you all about this great product. However descriptions cannot do it justice, you need to see ORIS MIS on action to appreciate its power. If you’d rather hear about it from an enthusiast, give us a call and one of us will be delighted to come along and give you a demo.
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