SYSTEMS AND METHODS FOR DETERMINING SHRINKAGE OF A COMMODITY

Systems and methods for determining shrinkage of a commodity sold by a store are provided which may include: identifying data indicative of a volume of the commodity, associating a label with a container that holds the commodity, collecting the label information with a reader and transmitting collected label information to at least one server, automatically determining data characterizing the material in the container, associating the label information and the data characterizing the material in the container, and determining performance data related to the commodity by comparing the data indicative of the volume of the commodity supplied to the store, the data indicative of the volume of the commodity sold by the store, and the data characterizing the material in the container.