Loss Prevention Challenges in 2019

In retail today, every dollar counts. Shrink has a significant effect on a retailer’s bottom line. A recent study by the National Retail Federation (NRF) found an average shrink rate of 1.44%, costing "the overall U.S. retail economy $48.9 billion.” Below a list of 4 loss prevention challenges retailers are facing in 2019, and how … Continue reading Loss Prevention Challenges in 2019

Case study: How a Risk Management Firm Used Location Audit Software for Safety Audits

Customer Privately owned UK insurance broker and their risk management partner specializing in safety analysis and legal compliance in construction and engineering sectors. Problem The customer required the flexibility to create and update numerous specialized forms based on client needs, record non-compliant safety issues in real time, track resolution and easily identify safety trends for … Continue reading Case study: How a Risk Management Firm Used Location Audit Software for Safety Audits

Pharmacy Inspection Checklist

To assist multi-unit retailers starting or improving their retail audit program, Compliant IA regularly publishes how-to guides, best practices and checklists. Use this sample checklist to create or update your inspection program across your pharmacies. A checklist will help ensure that a pharmacy location has the right systems in place to comply with regulations as … Continue reading Pharmacy Inspection Checklist

Checklist for Wireless Authorized Retailers

To assist multi-unit retailers starting or improving their retail audit program, Compliant IA regularly publishes how-to guides, best practices and checklists. Use this sample checklist to create or update your wireless authorized retailer program across your retail locations. Checklists ensure that wireless authorized retailers merchandise and sell consistently with company standards and reseller contractual obligations. … Continue reading Checklist for Wireless Authorized Retailers

Choose a Retail Audit Software Vendor in 6 Steps

Informing customers and offering options is part of the Compliantia culture. This is why we've compared Excel and email to specialized retail audit software and discussed whether you should buy or build retail audit software. This is also why we compiled a list of retail audit software vendors! In this post, we discuss how to choose … Continue reading Choose a Retail Audit Software Vendor in 6 Steps

Convenience Store Industry, Interesting Facts and Trends

Through our business and research, we have come across a number of high-level facts and statistics about the c-store industry, its magnitude, direction, and emerging trends.  We thought they would be of interest to our customers and readers. There are lots of convenience stores! There are 152,794 convenience stores in the United States alone, one for every … Continue reading Convenience Store Industry, Interesting Facts and Trends

Conduct a Retail Audit in 10 Steps

The scope of this post is to discuss what happens before, during and after an audit for merchandising, service and/or loss-prevention in a store using retail audit software. Step 1: Schedule the audit Using your enterprise calendar or your Compliant IA built-in calendar, schedule the audit.  Some audits are announced to the store’s management. Announced - This … Continue reading Conduct a Retail Audit in 10 Steps

6 Reasons Why you Should Audit Franchisees (It’s not What you Think)

Whether you call them « audits », « assessments », « evaluations » or simply « visits », the practice of sending a district manager to a franchisee to uphold standards, answer questions, communicate best practices and coach is widespread.  Let us look at six reasons why franchisors should indeed  "audit" their franchisees plus one reason every one thinks about, and perhaps shouldn't. … Continue reading 6 Reasons Why you Should Audit Franchisees (It’s not What you Think)

5 Steps to Implement a Retail Audit Process

Implementing a retail audit process is neither time-consuming nor difficult. It is perhaps one of the easiest things an operations/sales team can do to boost in-store execution, customer satisfaction and sales. Here is how you can implement a retail audit process in five steps: Step 1: Ask yourself: do you need retail audit software? Asking … Continue reading 5 Steps to Implement a Retail Audit Process