Inventory shrinkage costs retailers billions every year. Here are proven strategies that 200+ ERPS X customers have used to reduce shrinkage by an average of 40%.
1. Real-Time Tracking
Know exactly what's in stock at all times. ERPS X updates inventory in real-time with every sale, return, and receipt.
2. Automated Audits
Schedule regular cycle counts instead of annual full counts. Catching discrepancies early prevents small problems from becoming big ones.
3. Access Controls
Not everyone needs access to everything. ERPS X lets you set granular permissions — restrict who can void transactions, apply discounts, or process returns.