Strategic data analytics can reduce shrinkage for retailers, restaurants and manufacturing companies by helping loss prevention pros use early warning indicators to stop problems before they start. Early warning indicators can be different for each company, and difficult to identify and use because few companies have all the data in one place. One large US retailers was able to reduce shrink from closed to $1 billion to $250 million through a data-driven loss prevention program, according to a report by PricewaterhouseCoopers. Other early indicators could be unfilled management positions, associate turnover, price change volumes, and cash variances.”]
Source: https://www.csoonline.com/article/2881133/report-strategic-data-analytics-can-reduce-shrinkage.html