As more libraries are evaluating their expense reports in light of many budget cuts and restraints, the talk is turning toward library theft prevention. As library budgets slim down, the ability to replace materials and assets become harder as funds are spread thinner.
The need for a library theft detection system is often based off of the determination of actual losses a library incurs. That means an inventory should be taken to determine what materials are being lost and the costs incurred through their replacements.
What many libraries are realizing is that while books are a constant loss, the losses from other materials and resources incur a much higher cost to replace. These items are primarily in the form of magazines or electronic devices.
Computers, DVDs, and audiotapes are a much higher demand, and often create a larger financial loss. In addition to checkout errors, these items are more intentionally stolen. Electronics can easily be added into a personal collection, or can be sold to pawn shops or on ebay. As more retailers protect their inventories, thieves will intentionally target places that offer similar products with fewer security risks- leading them to public libraries.
A library theft detection system will deter these same thieves that are looking for a quick and easy score.
Visit the Loss Prevention Store to purchase Library Theft Detection System devices and your Electronic Article Surveillance or EAS system from Checkpoint Systems to stop inventory losses.
For more information on a Library Theft Detection System, Library Theft Prevention, or a Checkpoint System and how they can work with your Electronic Article Surveillance or EAS system contact us at Retail theft prevention to stop inventory losses in your library or call 1.770.426.0547
As more libraries are evaluating their expense reports in light of many budget cuts and restraints, the talk is turning toward library theft prevention. As library budgets slim down, the ability to replace materials and assets become harder as funds are spread thinner.
The need for a library theft detection system is often based off of the determination of actual losses a library incurs. That means an inventory should be taken to determine what materials are being lost and the costs incurred through their replacements.
What many libraries are realizing is that while books are a constant loss, the losses from other materials and resources incur a much higher cost to replace. These items are primarily in the form of magazines or electronic devices.
Computers, DVDs, and audiotapes are a much higher demand, and often create a larger financial loss. In addition to checkout errors, these items are more intentionally stolen. Electronics can easily be added into a personal collection, or can be sold to pawn shops or on ebay. As more retailers protect their inventories, thieves will intentionally target places that offer similar products with fewer security risks- leading them to public libraries.
A library theft detection system will deter these same thieves that are looking for a quick and easy score.
Visit the Loss Prevention Store to purchase Library Theft Detection System devices and your Electronic Article Surveillance or EAS system from Checkpoint Systems to stop inventory losses.
For more information on a Library Theft Detection System, Library Theft Prevention, or a Checkpoint System and how they can work with your Electronic Article Surveillance or EAS system contact us at Retail theft prevention to stop inventory losses in your library or call 1.770.426.0547
There are three main categories of shoplifters- the amateur, the opportunist, and the professional. Each one creates very specific demands on a retailer’s loss prevention and inventory control. That being said, the opportunistic shoplifter accounts for about 73 percent of the shoplifters. Because these are the shoplifters who do not steal out of need or through a driven intent to steal, Checkpoint Tags are a very effective solution.
The opportunist shoplifter is one that is presented with an opportunity to steal. It can be because inattentive employees do not respond to a customer at a checkout needing to make a quick purchase, so the customer walks out of the store without paying.
These shoplifters are also one that will find extra merchandise in a fitting room and decide to steal something because they know no one is paying attention. Along the sale lines, these might be customers who bring in excessive piles of merchandise to try one, or have small accessories with them in the fitting rooms. If an attendant does not do a piece count or restrict the merchandise, a customer is more likely to take advantage of a situation.
Checkpoint tags reduce these opportunities. Even without employee interaction with the customer, a Checkpoint tag attached to your merchandise will deter these opportunists. The tags will sound an alarm at the exit, and customers know this fact. If they see that the merchandise has a Checkpoint tag, they will leave the merchandise behind, rather than risk getting caught.
Since opportunistic shoplifters do not intend to steal, they have a higher risk threshold. They are more concerned about the risk of getting caught than other shoplifters who have already weighed out the risk and make a predetermined decision to steal. Seeing a Checkpoint tag generally is enough of a deterrent to keep the opportunist shoplifter from stealing.
There are three main categories of shoplifters- the amateur, the opportunist, and the professional. Each one creates very specific demands on a retailer’s loss prevention and inventory control. That being said, the opportunistic shoplifter accounts for about 73 percent of the shoplifters. Because these are the shoplifters who do not steal out of need or through a driven intent to steal, Checkpoint Tags are a very effective solution.
The opportunist shoplifter is one that is presented with an opportunity to steal. It can be because inattentive employees do not respond to a customer at a checkout needing to make a quick purchase, so the customer walks out of the store without paying.
These shoplifters are also one that will find extra merchandise in a fitting room and decide to steal something because they know no one is paying attention. Along the sale lines, these might be customers who bring in excessive piles of merchandise to try one, or have small accessories with them in the fitting rooms. If an attendant does not do a piece count or restrict the merchandise, a customer is more likely to take advantage of a situation.
Checkpoint tags reduce these opportunities. Even without employee interaction with the customer, a Checkpoint tag attached to your merchandise will deter these opportunists. The tags will sound an alarm at the exit, and customers know this fact. If they see that the merchandise has a Checkpoint tag, they will leave the merchandise behind, rather than risk getting caught.
Since opportunistic shoplifters do not intend to steal, they have a higher risk threshold. They are more concerned about the risk of getting caught than other shoplifters who have already weighed out the risk and make a predetermined decision to steal. Seeing a Checkpoint tag generally is enough of a deterrent to keep the opportunist shoplifter from stealing.
So you sent out flyers for a special sale going on this weekend. The weather is nice, and your store is busy. You are quick to pat yourself on the back for running a great promotion, until you realize that you had an exceptionally large sale, which pushed your sales over the top. Now you are left second-guessing your promotion and its effectiveness.
If you had the use of traffic counters in your store, you might have realized that even though the store was busy, your traffic was actually down compared to other promotional sales days.
By using a traffic counting system of some kind, you would be able to start compiling hard data based on different sales, different days of the week, and even times during the day. From there you can determine if a particular sale is more successful than another kind.
Take an early bird sale for example. If you had great sales in the morning Friday after Thanksgiving, would you base your entire years sales on those same results for every Friday? Probably not, that kind of sale is an exception. That doesn’t mean that an early bird sale can’t drive traffic on other mornings.
When you run early bird sales days, compare the customer traffic counts to the same days of the week, but with no sales. Is there an increase in customer traffic? If so, early bird sales are a proven marketing tool. If they consistently do not drive traffic (based off of the traffic counter’s data) then you probably want to scratch that as an effective marketing tool.
Maybe you don’t want early bird specials; maybe your store has better results with a night owl sale? When you can accurately count the traffic at any given time or day of the week, you can drive your marketing to the specific needs of your business, resulting in increased sales and revenue.
