Shrink in the retail industry is a loss that many retailers seem unable to fight. The budget to invest in security in the retail industry has declined over the years with no plans to restore it now or in the foreseeable future. Many of the small retailers believe that installing a loss prevention system will be too expensive for them to afford even

Loss prevention systems that allow these retailers to deter the shoplifting from happening in their stores are an investment they seem to ignore or to believe they are too expensive for them to even consider. The benefits associated with installing a loss prevention system in a retail store are numerous, and research
Many retail stores do a physical inventory regularly that allows them to gauge the state of their store. Depending on the size of their business, this physical inventory should be done at the end of the month or quarter, and definitely one at the end of the year. For many retail stores, if an inventory is done after the holidays, it can offer a very shocking reality.
The shoplifting, employee theft, vendor and clerical errors are seen clearly and painfully, and cannot offer an explanation or a solution to the tremendous losses in the store. A physical inventory is also a very expensive way to account for the merchandise in the store. The many hours and personnel required to do this kind of inventory are financially draining for many businesses and their bottom line.
If after the holidays your business has decided to purchase and install a loss prevention system that will allow you to deter the shoplifting and employee theft in your store, there are a few key features such system should have to help you be successful.
- A software platform that allows the retail business a concise and up to the minute inventory analysis to make the necessary adjustments for their business.
- EAS solutions that are tied to an RF surveillance system that enables the loss prevention team to make decisions accurately and in a
timely manner every day all year long - A loss prevention system that will offer training to your employees and help you navigate solutions to your specific problems.
There are many loss prevention systems sellers that will help you find the financing available, give you the training, and the customer care you need to make the installation of the system a success.
Having doubts about buying and installing a loss prevention system in place is understandable and expected. But, letting shoplifting, employee theft and other external factors influence the earnings you work hard to earn is not a sustainable solution. Contact us and talk to us, we will be happy to work with you.
Have you ever found yourself in a situation where you have to make a decision on a purchase and you have to determine what is going to be best for your situation? I know that car shopping is one of those purchases where I have to take multiple factors into consideration and it isn’t always just about cost. I have to be able to accommodate at least 5 adults and perhaps even 6 if my mother-in-law is included in a ride. I need to get decent gas mileage because I never know who may have to use it and all of our work so I don’t want to fill it every day. I need dependability, I’ve had too many vehicle break-downs and I don’t want a breakdown on my wife if I can help it. Before I make a purchase I search customer reviews of vehicles and automotive expert ratings on websites such as Edmunds or Kelly Blue Book. The vehicle has to meet my requirements or I have to pass on it regardless of how good the deal may appear to be. The same thing can be true for a retailer when determining the best Electronic Article Surveillance (EAS) System and tags to use to combat theft related shortage.