Benchmarking: One unique opportunity that the LPRC offers its members is a chance to benchmark with their peers in the industry, both through conversation and more formally in survey format. Interested in what others are trying in order to protect a certain product? Wondering if stores with in-aisle ePVMs experience lower shrink? Each year we conduct several dozen surveys answering questions just like these, and those questions come straight from our members.
Offender Interviews: Imagine a pediatrician attempting to study children’s health without ever interacting with a single child. We go hands on with offenders of all experience levels, bringing them on site in our Innovation Lab or in a live Store Lab for pointed interviews. The topic of these interviews range from gathering feedback and opinions on a new anti theft solution to shadowing offenders as they guide us through a specific store, pointing out what they notice and revealing their thought processes. Offenders, above all else, are complex decision makers, and the knowledge gained from better understanding what drives those decisions is power.
Quantitative Data Collection: Unsure how to best utilize the data that your organization is collecting? We’re here to help. Our Data Analytics working group is designed to equip LP professionals with the tools and feedback that they need to tackle their data in a sound and productive manner. Furthermore, as researchers, the more data the better. So each year we initiate large scale data collections where we compile information from several retailers and comb through them for statistically significant relationships and budding potential research initiatives.
Randomized Controlled Trials: One of the most powerful tools in research, fully Randomized Controlled Trials (RCTs) allow us to draw causal conclusions. We conduct RCTs by carefully planning the construct we’d like to study, choosing the best operationalization of that construct, selecting the dependent variables that will best pick up on our treatment’s effect, designing the study with randomization and blocking, overseeing the correct administration of our treatment, collecting the data, selecting and executing the appropriate analyses, and delivering the parties involved with a full written report that ranges from 10 to 50 pages. We take pride in this process, and we’d love to discuss it further with you.