Are Loss Prevention Tools Worth The Cost?
In the retail world you have to deal with theft. Some people do it for the thrill of it, just to see if they can get away with it. Some people steal because they feel entitled. Others do it because of a real or perceived need. So you purchase some tools, like a Checkpoint System or some offerings from Alpha Technology. But, how do you know that what you are buying is actually worth it? I have an easy solution for you. There is a loss prevention calculator available for you to utilize and figure up the return on your investment. Can loss prevention be free? You have to buy what you need, but it can easily and quickly pay for itself.
Let’s work up some comparisons:
With a Checkpoint System– A woman comes in shopping for some wrinkle cream. She really wants it but it’s not in her budget. She decides she has been a loyal customer long enough, and your store actually owes her this one. She drops it in her purse and approaches the front door, and suddenly she hears:BING! BING! BING!.. “We’re sorry; you have activated our inventory control system” She panics and hands it to your cashier, claiming it must have fell in her purse by accident.
Without a Checkpoint System– Same scenario, except she walks out the door undetected, smiling and waving at your cashier that never suspected that regular customer just ripped off the store. You don’t need a loss prevention ROI calculator to know you just lost about $50.
With Alpha Keepers– A shoplifting duo comes in the store. They have been sent by a vendor at your local flea market. They were told to scout stores and steal as many packs of razor refill cartridges as they could get. When they walk into your well stocked shaving section, they immediately see all of your packages are encased in Alpha Keepers. They turn around and walk back out empty handed. (The loss prevention calculator would tell you: you just saved about $800-$1,000.)
Without Alpha Keepers-Same scenario, but the two of them loaded up the bags they carried in and when your cashier got distracted with another customer, they ran out the door and your shelves are now empty.
With Bottle Locks-A teenager comes in to steal a bottle of wine. He was dared to do it and he is sure he is slick enough to get away with it. He sees all the bottles have locking caps on them. He attempts to remove the one from the bottle he chose and it starts alarming. He quickly puts it back on the shelf and gets out the door as fast as he can.
Without Bottle Locks– He puts the bottle up the sleeve of his hoodie and slips out the door before your clerk ever noticed he was in the store. Can loss prevention be free? Was your inventory of wine and spirits free? Wouldn’t it be worth protecting?
Use the loss prevention ROI calculator and plug in the numbers. How much inventory did you buy and how much did you sell? How much is left on your shelves? If you are posting a “shrink”, you need help. Find out how fast an investment in some real solutions could pay you back with the loss prevention calculator. So, I’ll ask you one more time..can loss prevention be free? It can be if it stops your valuable merchandise from being stolen.
Return on investment is important. Let us help you figure it out. Contact us or call 1.770.426.0547