Browsing by Author "Beck, Adrian"

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    Shrinkage in Europe: stock loss in the fast-moving consumer goods sector
    (Palgrave Macmillan, 2002-10) Beck, Adrian; Bilby, Charlotte; Chapman, Paul
    This paper presents the findings of the first pan-European survey of companies within the Fast Moving Consumer Goods sector. It provides a discussion on the definition of shrinkage and presents data on the extent, nature and causes of stock loss throughout the supply chain – from point of manufacture through to point of sale – as well as some of the approaches adopted to tackle the problem. It highlights the role of security and audit departments in minimising losses, and the need for companies to adopt a more strategic approach by involving not only other parts of their own organisations, but also cooperating with other companies within the supply chain. It concludes that unless companies begin to realise the extent of the problem and that all points of the supply chain are vulnerable to a wide range of threats, then losses will continue to represent a significant proportion of their annual turnover.
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    ItemOpen Access
    Tackling shrinkage in the fast moving consumer goods supply chain: developing a methodology
    (Palgrave Macmillan, 2003-04) Beck, Adrian; Bilby, Charlotte; Chapman, Paul
    Shrinkage for retailers and suppliers of Fast Moving Consumer Goods (FMCG) continues to be a significant problem, one that seems resilient to ameliorative actions. In an effort to respond to the apparent failure of existing approaches to loss prevention, this chapter introduces a ‘process-orientated’ approach to tackling shrinkage. The approach consists of a prescriptive series of seven steps that form a stock loss reduction ‘road map’, together with associated techniques and tools for undertaking each step.