About
Loss Prevention Treated as a Business Performance Issue
Founded by Joe Grumet, Shrinkage Solutions helps businesses confront the theft, fraud, and operational breakdowns that quietly erode margin.
From the Founder
Joe Grumet, Founder & Owner
Corporate shrinkage is a $100 billion dollar a year business. I call it a business because 85 percent of it comes from theft, both internal and external.
I am Joe Grumet, the founder and owner of Shrinkage Solutions. Having owned and operated multi-million dollar retail operations, I have lived with shrinkage issues firsthand. I have also helped others facing the same challenges. That experience has shaped the end-to-end, ironclad solutions we build for our clients.
Many companies accept shrinkage as a cost of doing business. It is not going away, and ignoring it only lets the problem grow and wreak havoc on the whole system. We owe it to ourselves, our businesses, our employees, and our customers to confront and solve it.
I can solve your shrinkage problem. I have 30 years of experience doing so. Make the appointment, send the email, or call. You will be surprised how a few precise adjustments can save 50, 60, or even 85 percent of your shrinkage — without selling one additional product.
30+
Years of hands-on experience
50-85%
Potential shrinkage reduction
How It Works
Find the Loss. Fix the Weakness. Protect the Business.
Four stages that move an organization from suspected loss to measurable control.
- 01
Assess
We evaluate your current systems, procedures, locations, inventory controls, technology, and known areas of loss.
- 02
Identify
We pinpoint vulnerabilities and determine where theft, fraud, or operational losses are most likely occurring.
- 03
Build
We develop a customized shrinkage-reduction strategy based on your organization.
- 04
Implement & Improve
We help put the strategy into action, measure results, and continually strengthen the system.
Why Shrinkage Solutions
A Smarter Way to Protect Profitability
Customized Strategies
Recommendations are built around your business rather than generic security packages.
Business-First Approach
Every recommendation should make operational and financial sense.
Data-Driven Analysis
Decisions are based on patterns, vulnerabilities, and measurable loss.
Discreet & Professional
Sensitive internal loss-prevention issues are handled professionally and confidentially.
Scalable Systems
Solutions should work whether a company operates one location or hundreds.
Long-Term Prevention
The goal isn't simply reacting to theft. It is building systems that make future loss harder to occur.
Get Started
You Can't Fix Losses You Can't See.
Find out where your business is vulnerable and what can be done to protect it.