Taking Stock
ORRIDGE LAUNCHES ONLINE
TAKING STOCK FORUM
When you are in the business of stock taking, it is second nature to be able to take stock
of all matters relating to loss and shrink and how to manage it. This is particularly the
case when you are providing stocktaking as an outsourced function where as independent
auditors companies can offer a dispassionate account of profit and loss unsullied by the
risks associated with inside collusion – dishonest staff who paint a more favourable stock
picture to cover their own indiscretions. In other words ‘going outside for the count
prevents retail customers from being out for the count’ in terms of stock loss.
I
T is from this independent
perspective that the idea
behind the Taking Stock Forum
(www.takingstockforum.com)
came from. This is a new Retail
Loss Prevention Forum, designed
to allow retail professionals to
come together, share best
practices and experience as well as
give and receive advice from
industry colleagues.
For some time, many retailers
across the UK have expressed their
desire to be a part of such a
powerful communication tool,
through the use of a community
forum. There is a common
appreciation for the strong
benefits that such an online forum
could provide.
The retail loss prevention forum
(sponsored by the Retail Fraud
Magazine and Orridge & Co Ltd)
will be driven by contributions frequent intellectual exchange, expressing their desire to share
from leading UK retailers and learn new ideas as well as refine good and bad experiences with
supported by a series of old ones. You could influence the their counterparts in order to
community meetings. forums evolution whilst improve both their own
As a retailer, should you chose to contributing to others, keeping up effectiveness and their
embrace this community, with with current events and new organisation’s profitability. This
regular online participation you business leads. forum has been developed and is
could reap the benefits of “Whilst many successful retailers being supported by Orridge and
are focussed on improving their Retail Fraud as a catalyst to
loss prevention strategies, until improving industry collaboration,
now, there have been few ways for communication and best practice,”
the industry to share their says Orridge IS director Simon
experience with their colleagues. Kniveton.
In today’s climate, where every For more information please
penny counts, we regularly hear contact: Charlotte Mottram on
experienced loss prevention 01279 775 607, or at
specialists asking for guidance on charlotte.mottram@orridge.co.uk.
the best strategies to adopt and RF
ISSUE 4 AUGUST 2009 • 27
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