Shrink and Profit Recovery
tSCG takes a holistic approach to shrink and profit recovery focusing on sales growth, non-customer facing waste, and all areas of loss. We work with our clients to develop a strategic roadmap with short term tactical initiatives and a long term plan to achieve their goals.
Our clients typically achieve an 85-120 basis point improvement in overall shrink, this does not include projected increases to net margin improvements by sales growth.
Understand current-state and valuate opportunties
Create, validate and roll out holistic shrink program
Ensure transfer of knowledge and future sustainability
Our holistic approach includes:
Effective shrink measurements and analytics
Development and implementation of awareness programs
Detailed testing and analysis of the accuracy of the book inventory
Implementation of predictive analysis models
Implementation of compliance tracking and modeling
Technology selection and implementation
Implementation of production planning and contribution to overhead models
Our team leverages broad industry experience:
Over 100 projects with 75 different retailers
Developed Shrink Programs that have generated over $5 billion in profits
Our team comes with real world experience including: past executives at key retailers and partners at large consulting firms
Using a blended team of consultants and client resources we work with our client organizations to train and build the required expertise to both achieve and sustain results. Leveraging our team’s prior experience with all channels of retail, we will bring fresh ideas to the table on how to run the business rather than suggest different ways of doing the same thing or reworking internal analyses.
With a broad exposure to technology solutions, we recommend and implement only the tools that work. We are not vested with any particular solutions or vendor packages.