If Loss Prevention pays for itself how fast can it do it? -3 WC Blog 709
Loss Prevention Calculator -4
Buying An EAS System Saves You Money; Use The Loss Prevention Calculator To See How
If Loss Prevention pays for itself how fast can it do it? That is an interesting question to consider. Can it do it in a day? Perhaps it can be done in a month? Maybe in a year? Can it be done at all? Does it sound like a silly question in the first place? It isn’t a silly question because often people don’t think about how something can pay for itself. In retail we invest in something to improve sales or productivity but not with the mindset it is going to pay for itself over time. Consider when you bought cash registers for your store. You weren’t looking at when that register was going to pay for itself. You might have looked at the ease of use, the functions it could do or if cashiers could have individual sign-on’s but you didn’t think, “Hey, this register is going to pay dividends in time!” You may have even thought about how long is the warranty on it in case it breaks down. Loss Prevention is one area of store operations where there is not only a return on the investment but it can pay for itself and Loss Prevention Systems, Inc. (LPSI) created a Loss Prevention Calculator that will help in seeing that return on investment.
Bill Bregar the founder of LPSI already knew the value that Loss Prevention brings to a store. His company was built on using that knowledge to help stores reduce their shortage and stop theft and fraud. Armed with his experience as a U.S. Army Intelligence Officer, a Bachelor’s Degree in Private Security Administration, training as a Private Investigator and a former National Director of Loss Prevention for several companies, Bill wanted to share that knowledge with owners of small and medium sized stores. One issue is that many people considering a Sensormatic security system deemed it to be just another expense. They did not properly understand that the system reduces theft and even criminal activity that often surrounds stores that experience rabid shoplifting and employee theft. What was Bill’s answer to the problem, the Free Loss Prevention Calculator. The store owners need only to go to the LPSI website, open the ROI Calc. tab and enter a few pieces of information. The result is that user’s see how much they will conservatively reduce the store shrink by and how many months it will take for the Sensormatic system to pay for itself. THAT is a powerful return on investment. If Loss Prevention pays for itself how fast can it do it? The Loss Prevention Calculator can answer that question for you.
There is another benefit to owning a Sensormatic security system that is usually not considered when deciding if it will improve profits. Purchase the system with the door counting sensor included and you can accurately track how many people are visiting your store. Now you are thinking I’m crazy. Consider this, if you know how many people walked into your store and you know how many sales you had in a day from your register information you get a difference. What was it that kept every one of those customers who left empty-handed from buying something? You can then begin to plan for ways that you might be able to capture some of these lost sales in the future. Maybe you do quick surveys of those customers. You may change up your displays or advertising. You might reassess your customer service training. Looking at the time of day of customer traffic you may change up how you schedule employees.
So back to the original question, if Loss Prevention pays for itself how fast can it do it? There is no specific time frame. What I can tell you is that they DO significantly impact losses due to theft. I have seen them work over my 28 years in retail. Add the door counting sensor in and use the data to increase sales and that is going to only add more money to your bottom line. Now take a few minutes to try out the Loss Prevention Calculator and see for yourself. What are you waiting for? It’s FREE!
The Loss Prevention Calculator is important and we can help you with it. Call 1.770.426.0547 and let’s talk.
If Loss Prevention pays for itself how fast can it do it? That is an interesting question to consider. Can it do it in a day? Perhaps it can be done in a month? Maybe in a year? Can it be done at all? Does it sound like a silly question in the first place? It isn’t a silly question because often people don’t think about how something can pay for itself. In retail we invest in something to improve sales or productivity but not with the mindset it is going to pay for itself over time. Consider when you bought cash registers for your store. You weren’t looking at when that register was going to pay for itself. You might have looked at the ease of use, the functions it could do or if cashiers could have individual sign-on’s but you didn’t think, “Hey, this register is going to pay dividends in time!” You may have even thought about how long is the warranty on it in case it breaks down. Loss Prevention is one area of store operations where there is not only a return on the investment but it can pay for itself and Loss Prevention Systems, Inc. (LPSI) created a Loss Prevention Calculator that will help in seeing that return on investment.
Bill Bregar the founder of LPSI already knew the value that Loss Prevention brings to a store. His company was built on using that knowledge to help stores reduce their shortage and stop theft and fraud. Armed with his experience as a U.S. Army Intelligence Officer, a Bachelor’s Degree in Private Security Administration, training as a Private Investigator and a former National Director of Loss Prevention for several companies, Bill wanted to share that knowledge with owners of small and medium sized stores. One issue is that many people considering a Sensormatic security system deemed it to be just another expense. They did not properly understand that the system reduces theft and even criminal activity that often surrounds stores that experience rabid shoplifting and employee theft. What was Bill’s answer to the problem, the Free Loss Prevention Calculator. The store owners need only to go to the LPSI website, open the ROI Calc. tab and enter a few pieces of information. The result is that user’s see how much they will conservatively reduce the store shrink by and how many months it will take for the Sensormatic system to pay for itself. THAT is a powerful return on investment. If Loss Prevention pays for itself how fast can it do it? The Loss Prevention Calculator can answer that question for you.
There is another benefit to owning a Sensormatic security system that is usually not considered when deciding if it will improve profits. Purchase the system with the door counting sensor included and you can accurately track how many people are visiting your store. Now you are thinking I’m crazy. Consider this, if you know how many people walked into your store and you know how many sales you had in a day from your register information you get a difference. What was it that kept every one of those customers who left empty-handed from buying something? You can then begin to plan for ways that you might be able to capture some of these lost sales in the future. Maybe you do quick surveys of those customers. You may change up your displays or advertising. You might reassess your customer service training. Looking at the time of day of customer traffic you may change up how you schedule employees.
So back to the original question, if Loss Prevention pays for itself how fast can it do it? There is no specific time frame. What I can tell you is that they DO significantly impact losses due to theft. I have seen them work over my 28 years in retail. Add the door counting sensor in and use the data to increase sales and that is going to only add more money to your bottom line. Now take a few minutes to try out the Loss Prevention Calculator and see for yourself. What are you waiting for? It’s FREE!
The Loss Prevention Calculator is important and we can help you with it. Call 1.770.426.0547 and let’s talk.
