Loss Prevention - Known/Unknown Loss Matrix

The ECRA Known vs. Unknown Loss Matrix is a ‘ready reckoner’ that can be used by supplier companies to quickly assess the way in which various retailer trading partners treat different loss types in their businesses.

The matrix should be considered by suppliers prior to entering discussions with a retailer regarding loss for (at least) two reasons.

Firstly it helps ensure that both parties are on the same page and there is clear understating of how the loss type is captured and treated by the retailer and their anticipated depth of knowledge of the particular loss type and its drivers.

Secondly it can provide some indication as to the likelihood of information and data being recorded by retailers and the potential accuracy of the information.

Access this resource for free:

• ECRA Known vs. Unknown Loss Matrix

See also the ECRA Loss Type Data Granularity Assessment Tool.