How does a retailer successfully manage a source tagging program long term?
For retailers to gain the maximum program benefits, it is important to conduct periodic reviews with loss prevention, operations, merchandising and executive level personnel. This guarantees all parties agree with shrink objectives as it relates to source tagging. Source tagging is a management tool that requires consistent commitment in order to reach its optimal performance. Regular maintenance, analysis and discussion between suppliers and buyers are key to its success. Source tagging updates, including key shrink categories and high risk vendors, should be communicated regularly with loss prevention, corporate merchandising and store level management.
