Thieves Are Cooking Up Schemes That Cause Shortage; The Free Loss Prevention Calculator Shows You If You Can Afford To Stop Them (Hint: You Can!)

Can Loss Prevention Be Free? – 3                                                                                          WC Blog 461
Free Loss Prevention Calculator-4

Thieves Are Cooking Up Schemes That Cause Shortage; The Free Loss Prevention Calculator Shows You If You Can Afford To Stop Them (Hint: You Can!)

     I enjoy cooking and grilling out. When cooking I can experiment with seasonings, add the ingredients I want to add or change things up a little bit. I have a favorite dirty rice dish I have adapted from one that I tried in a local fast-food restaurant. I sometimes make it with smoked sausage and hot and mild sausage from a tube. Sometimes I use just one type of sausage. I have mixed in corn, black beans and pinto beans and on other occasions I have varied the combination. I also add banana peppers and the liquid from the jar. How much depends on how I am feeling that night. On the flip side of that I detest baking. I try to wing it and don’t use precise measures as I simply make a mess of my wife’s kitchen. She shakes her head and usually ends up taking over if I try to bake, that’s just how it is. The thing about it is I like cooking but probably because I don’t have to calculate or measure anything. Baking takes way too much effort and I anticipate how bad it will turn out before I start. I could calculate but I don’t enjoy it. Sometimes I think store owners operate in a similar manner. They open a store and sell things because they like being independent, they enjoy customer service and they have flexibility to operate as they want (as long as they seem to make a profit). When it comes to the not-so-fun things they try to ignore it and avoid dealing with it like stock shortage. Who wants to think about the theft that is probably taking place and not having any idea how to deal with it? Mention a Loss Prevention System and all they can hear is that they will spend more money while failing to consider what the theft is costing them. They would have to calculate how much they are losing, the cost of a system, the maintenance of it, support and service, etc. it becomes overwhelming. It is possible they could have a change of heart if they asked the question, “Can Loss Prevention Be Free?” and then heard the answer.

     I am proposing to all those small and medium size store owners and managers that perhaps your concerns about the cost to address stock shortage might not be as horrible as you think. I challenge you to ask the question, “Can Loss Prevention Be Free?” You will find the answer is yes! To determine how it can be you will use the Free Loss Prevention Calculator available on the Loss Prevention Systems Inc. (LPSI) website. The Free Loss Prevention Calculator is easy to use and only requires the input of annual store sales and how much you would consider spending on a Checkpoint System. The calculator assumes a conservative reduction in shortage from 1.2% to .65% and then provides the user with the number of months it would take for a system to pay for itself in shortage reduction savings. Reducing shortage eventually pays for the system that will help prevent theft in the first place.

     No, this isn’t some “half-baked” idea. The reality is that a Checkpoint System can pay for itself. I have worked in retail for over 27 years and almost 20 of those years were in Loss Prevention. I have seen the impact a retail anti-theft system can have on deterring theft. Another feature of the Free Loss Prevention Calculator you may appreciate is that absolutely none of the information you enter in it is saved, sent anywhere or requires some type of registration. No strings attached, free means free. Change your numbers, play around with different amounts you might consider investing now that you know it will pay for itself over time and see what happens. Should you decide you would like to talk to someone a little more about a system a representative would be more than happy to answer your questions but YOU have to call them. After all, they don’t have any idea you were checking out their website.

      Can Loss Prevention Be Free? Yes, and so are the resources to verify it. Check it out for yourself. Stock shortage certainly isn’t free and the longer you avoid addressing it the more money thieves are costing you. Don’t put this on the back burner any longer check out the Free Loss Prevention Calculator then give LPSI a call to see what you need to do to get YOUR Loss Prevention System.
For more information about the Free Loss Prevention Calculator contact us or call 1.866.914.2567

I enjoy cooking and grilling out. When cooking I can experiment with seasonings, add the ingredients I want to add or change things up a little bit. I have a favorite dirty rice dish I have adapted from one that I tried in a local fast-food restaurant. I sometimes make it with smoked sausage and hot and mild sausage from a tube. Sometimes I use just one type of sausage. I have mixed in corn, black beans and pinto beans and on other occasions I have varied the combination. I also add banana peppers and the liquid from the jar. How much depends on how I am feeling that night. On the flip side of that I detest baking. I try to wing it and don’t use precise measures as I simply make a mess of my wife’s kitchen. She shakes her head and usually ends up taking over if I try to bake, that’s just how it is. The thing about it is I like cooking but probably because I don’t have to calculate or measure anything. Baking takes way too much effort and I anticipate how bad it will turn out before I start. I could calculate but I don’t enjoy it. Sometimes I think store owners operate in a similar manner. They open a store and sell things because they like being independent, they enjoy customer service and they have flexibility to operate as they want (as long as they seem to make a profit). When it comes to the not-so-fun things they try to ignore it and avoid dealing with it like stock shortage. Who wants to think about the theft that is probably taking place and not having any idea how to deal with it? Mention a Loss Prevention System and all they can hear is that they will spend more money while failing to consider what the theft is costing them. They would have to calculate how much they are losing, the cost of a system, the maintenance of it, support and service, etc. it becomes overwhelming. It is possible they could have a change of heart if they asked the question, “Can Loss Prevention Be Free?” and then heard the answer.
     

I am proposing to all those small and medium size store owners and managers that perhaps your concerns about the cost to address stock shortage might not be as horrible as you think. I challenge you to ask the question, “Can Loss Prevention Be Free?” You will find the answer is yes! To determine how it can be you will use the Free Loss Prevention Calculator available on the Loss Prevention Systems Inc. (LPSI) website. The Free Loss Prevention Calculator is easy to use and only requires the input of annual store sales and how much you would consider spending on a Checkpoint System. The calculator assumes a conservative reduction in shortage from 1.2% to .65% and then provides the user with the number of months it would take for a system to pay for itself in shortage reduction savings. Reducing shortage eventually pays for the system that will help prevent theft in the first place.
     

No, this isn’t some “half-baked” idea. The reality is that a Checkpoint System can pay for itself. I have worked in retail for over 27 years and almost 20 of those years were in Loss Prevention. I have seen the impact a retail anti-theft system can have on deterring theft. Another feature of the Free Loss Prevention Calculator you may appreciate is that absolutely none of the information you enter in it is saved, sent anywhere or requires some type of registration. No strings attached, free means free. Change your numbers, play around with different amounts you might consider investing now that you know it will pay for itself over time and see what happens. Should you decide you would like to talk to someone a little more about a system a representative would be more than happy to answer your questions but YOU have to call them. After all, they don’t have any idea you were checking out their website.
     

Can Loss Prevention Be Free? Yes, and so are the resources to verify it. Check it out for yourself. Stock shortage certainly isn’t free and the longer you avoid addressing it the more money thieves are costing you. Don’t put this on the back burner any longer check out the Free Loss Prevention Calculator then give LPSI a call to see what you need to do to get YOUR Loss Prevention System.

 

For more information about the Free Loss Prevention Calculator contact us or call 1.866.914.2567

 

Prevent Shoplifting With Careful Product Placement And Security

Alpha Security-5                                                                                                                          WC blog 489
prevent shoplifting-4
Retail Anti-Theft Devices-5


Prevent Shoplifting With Careful Product Placement And Security

    It may sound like an odd question but have you ever considered that it can be difficult to prevent shoplifting if you are not being careful in your merchandising strategies? I currently work part time for a medium size retail store. We recently had a pretty big sale and in order to drive the impulse buys a display table was set up near the front entrance. Our store does use an electronic article surveillance system and Alpha Security retail anti-theft devices on many items but not on everything. As I entered the building after being off for several days and I observed the table I noted that there were a number of items displayed that had no protective devices on them. It made me start to think about the ways retailers may unintentionally create their own theft problems.

     As I mentioned our store does use electronic article surveillance pedestals and Alpha Security retail anti-theft devices. Not everyone is familiar with this equipment so I am going to take a minute to talk about what they are and how they function. Electronic article surveillance (EAS) technology is best described as a system that uses radio frequency waves to detect protected merchandise that is being carried out of a store. An Alpha Security protective device such as a Keeper box or Spider Wrap (two examples from a whole line of products) send out radio frequency signals and those signals are detected by EAS towers. The towers are located near store entry/exit points and when tagged merchandise is brought into range of the towers alarms and lights in the towers are set off. When the alarm sounds and the lights flash store staff members respond and conduct thorough receipt checks. Merchandise that is not paid for can be turned over to the staff member or the “customer” may be offered an opportunity to purchase the item.

     It should be obvious then that if merchandise is not protected then you significantly hinder your ability to prevent shoplifting. That is the first ways that stores create their own theft problems. Some stores may make the decision because management is not aware of retail anti-theft devices that are available. It may be the decision is made because management perceives Alpha Security products and EAS technology is financially out of reach for their budgets. If this is your position, I urge you to reconsider. Loss Prevention Systems Inc. can show you how it is more affordable than you may think (try the Free ROI Calculator on their website).

     Other stores do what I saw at my store and position merchandise especially high price/high theft products near their entrances. The idea is to catch the eye of the impulse shopper but it also catches the attention of shoplifters. Thought should be given to the positioning of products. If you want to draw the interest of customers as they enter your building keep the price points of the items on the lower end of the price scale. These items should still be protected with retail anti-theft devices but in the event a criminal attempts a grab and run the financial impact to the business will be minimized.

     Another way that retailers may be contributing to theft issues they are experiencing is by failing to train employees on proper response, resolution and reporting of EAS alarms. With proper training employees can use their customer service skills and non-accusatory conversation to recover more merchandise due to an alarm than someone who has not received training. Even shoplifters tend to respond better to sugar than vinegar. Following up with management and reporting system issues or cashier errors to remove Alpha Security products can ensure the EAS system will prevent shoplifting as intended.

     Be sure you are taking all the necessary steps to prevent shoplifting in your store. Be careful with product placement, train employees on how to deter theft and use retail anti-theft devices on all of your merchandise.
Alpha Security is important and we can help you with it. Call 1.866.914.2567 and let’s talk.

It may sound like an odd question but have you ever considered that it can be difficult to prevent shoplifting if you are not being careful in your merchandising strategies? I currently work part time for a medium size retail store. We recently had a pretty big sale and in order to drive the impulse buys a display table was set up near the front entrance. Our store does use an electronic article surveillance system and Alpha Security retail anti-theft devices on many items but not on everything. As I entered the building after being off for several days and I observed the table I noted that there were a number of items displayed that had no protective devices on them. It made me start to think about the ways retailers may unintentionally create their own theft problems.
     

As I mentioned our store does use electronic article surveillance pedestals and Alpha Security retail anti-theft devices. Not everyone is familiar with this equipment so I am going to take a minute to talk about what they are and how they function. Electronic article surveillance (EAS) technology is best described as a system that uses radio frequency waves to detect protected merchandise that is being carried out of a store. An Alpha Security protective device such as a Keeper box or Spider Wrap (two examples from a whole line of products) send out radio frequency signals and those signals are detected by EAS towers. The towers are located near store entry/exit points and when tagged merchandise is brought into range of the towers alarms and lights in the towers are set off. When the alarm sounds and the lights flash store staff members respond and conduct thorough receipt checks. Merchandise that is not paid for can be turned over to the staff member or the “customer” may be offered an opportunity to purchase the item.
     

It should be obvious then that if merchandise is not protected then you significantly hinder your ability to prevent shoplifting. That is the first ways that stores create their own theft problems. Some stores may make the decision because management is not aware of retail anti-theft devices that are available. It may be the decision is made because management perceives Alpha Security products and EAS technology is financially out of reach for their budgets. If this is your position, I urge you to reconsider. Loss Prevention Systems Inc. can show you how it is more affordable than you may think (try the Free ROI Calculator on their website).
     

Other stores do what I saw at my store and position merchandise especially high price/high theft products near their entrances. The idea is to catch the eye of the impulse shopper but it also catches the attention of shoplifters. Thought should be given to the positioning of products. If you want to draw the interest of customers as they enter your building keep the price points of the items on the lower end of the price scale. These items should still be protected with retail anti-theft devices but in the event a criminal attempts a grab and run the financial impact to the business will be minimized.
     

Another way that retailers may be contributing to theft issues they are experiencing is by failing to train employees on proper response, resolution and reporting of EAS alarms. With proper training employees can use their customer service skills and non-accusatory conversation to recover more merchandise due to an alarm than someone who has not received training. Even shoplifters tend to respond better to sugar than vinegar. Following up with management and reporting system issues or cashier errors to remove Alpha Security products can ensure the EAS system will prevent shoplifting as intended.
     

Be sure you are taking all the necessary steps to prevent shoplifting in your store. Be careful with product placement, train employees on how to deter theft and use retail anti-theft devices on all of your merchandise.

 

Alpha Security is important and we can help you with it. Call 1.866.914.2567 and let’s talk.

 

Employees With A Vested Interest In Shortage Reduction Can Make A Checkpoint Security System More Powerful

Stop Shoplifting – 4                                                                                                       WC Blog 451
Checkpoint Security System – 4


Employees With A Vested Interest In Shortage Reduction Can Make A Checkpoint Security System More Powerful
     Lowering stock shortage and how to stop shoplifting are topics we frequently talk about in retail. We discuss issues related to improper markdowns and front end cashiering errors. We make shortage actions plans to try to nail down how we are going to focus on improving high shrinkage departments. We talk about theft and fraud and the need to prevent it but when it comes down to the rubber meeting the road what do we really do to stop shoplifting? What are store owners and managers really willing to do to make an impact on this aspect of shortage? I am going to ask if a store owner is willing to take it seriously enough to invest in a Checkpoint Security System.

     What is a Checkpoint Security System? It is a system built to directly stop shoplifting and retail theft through the use of radio frequency enabled tags and receiving pedestals. Tags and labels that send out radio waves are applied to all sorts of merchandise. Hard tags can be pinned to clothing, bedding, towels and other softlines goods. Labels can be placed on all sorts of surfaces, cardboard, shrink wrap, plastics, etc. Electronic Article Surveillance (EAS) pedestals are set up near the store exits and entrances have a detection field designed to pick up the radio waves being sent out by the tags and labels. When tagged merchandise is carried into this detection field alarms sound and LED lights in the pedestals flash warning store employees that tagged merchandise is being carried out of the store. Trained employees know how to respond to these alarm activations and resolve them through receipt checks. Usually recoveries are from shoplifters attempting to get merchandise out of the store but some recoveries include merchandise that was overlooked in the bottom of a shopping cart. Think about the implications that has on shortage reduction from attempted theft AND operational errors at the point of sale.

     Continuing with my point on taking shortage reduction seriously employers need to understand that theft related shortage comprised 81% of shortage in North America according to the 2014-2015 Global Retail Theft Barometer. This leaves only 19% of losses attributed to operational errors and problems and vendor shortage and fraud. If an employer is focusing a shortage action plan and most efforts on these areas it is a poor plan. A better plan would be to spend money on a Checkpoint Security System and the tags, labels and accessories associated with it. Also spend the time training the store staff on how to tag merchandise properly and how to respond appropriately to EAS alarm activations. When employees are trained on proper tag placement, tagging becomes consistent and fewer pieces of merchandise are missed in the process. Trained employees answer the pedestal alarm with tact and with the knowledge of how to do a thorough inspection of a receipt and packages. They have the confidence to approach someone who has activated that alarm and can recover unpaid merchandise without making accusations of shoplifting even if that was the offender’s intent.

      Why should employees expend any more effort on shortage reduction than any other aspect of the business? There’s incentive for the store owners, it makes the business more profitable profitable when shortage is brought down. In some stores managers receive bonuses when they meet certain financial goals for a store, such as low shortage and meeting sales objectives. Often the store employees receive no additional incentive to help the store reduce shrinkage. I worked for a retailer that would give bonuses to store managers for the achievements of goals which included beating shortage objectives but the hourly employees had no additional perks. The only benefit that the employees would receive was a better percentage increase at annual review time if the store met financial goals. The company I work for now has just announced that if a store beats its shortage objective this year full time and part time employees will receive bonuses. That is a great incentive for employees to buy into a theft reduction plan for a store.

     So what should a business expect when employees have a vested interest in the profitability of the store? Employees will not just speak of great customer service they will demonstrate it to discourage theft and improve sales. They will be aggressive in tagging products to stop shoplifting. They will want to learn how to properly use the Checkpoint Security System, testing the equipment and learning how to respond to alarms properly. Find out for yourself how profitable your company can be when you invest in Checkpoint Systems and the talented people who work for you. 

For more information about Checkpoint Security Systems contact us or call 1.866.914.2567 

Lowering stock shortage and how to stop shoplifting are topics we frequently talk about in retail. We discuss issues related to improper markdowns and front end cashiering errors. We make shortage actions plans to try to nail down how we are going to focus on improving high shrinkage departments. We talk about theft and fraud and the need to prevent it but when it comes down to the rubber meeting the road what do we really do to stop shoplifting? What are store owners and managers really willing to do to make an impact on this aspect of shortage? I am going to ask if a store owner is willing to take it seriously enough to invest in a Checkpoint Security System.
     

What is a Checkpoint Security System? It is a system built to directly stop shoplifting and retail theft through the use of radio frequency enabled tags and receiving pedestals. Tags and labels that send out radio waves are applied to all sorts of merchandise. Hard tags can be pinned to clothing, bedding, towels and other softlines goods. Labels can be placed on all sorts of surfaces, cardboard, shrink wrap, plastics, etc. Electronic Article Surveillance (EAS) pedestals are set up near the store exits and entrances have a detection field designed to pick up the radio waves being sent out by the tags and labels. When tagged merchandise is carried into this detection field alarms sound and LED lights in the pedestals flash warning store employees that tagged merchandise is being carried out of the store. Trained employees know how to respond to these alarm activations and resolve them through receipt checks. Usually recoveries are from shoplifters attempting to get merchandise out of the store but some recoveries include merchandise that was overlooked in the bottom of a shopping cart. Think about the implications that has on shortage reduction from attempted theft AND operational errors at the point of sale.
     

Continuing with my point on taking shortage reduction seriously employers need to understand that theft related shortage comprised 81% of shortage in North America according to the 2014-2015 Global Retail Theft Barometer. This leaves only 19% of losses attributed to operational errors, problems, vendor shortage and fraud. If an employer is focusing a shortage action plan and most efforts on these areas it is a poor plan. A better plan would be to spend money on a Checkpoint Security System and the tags, labels and accessories associated with it. Also spend the time training the store staff on how to tag merchandise properly and how to respond appropriately to EAS alarm activations. When employees are trained on proper tag placement, tagging becomes consistent and fewer pieces of merchandise are missed in the process. Trained employees answer the pedestal alarm with tact and with the knowledge of how to do a thorough inspection of a receipt and packages. They have the confidence to approach someone who has activated that alarm and can recover unpaid merchandise without making accusations of shoplifting even if that was the offender’s intent.
     

Why should employees expend any more effort on shortage reduction than any other aspect of the business? There’s incentive for the store owners, it makes the business more profitable profitable when shortage is brought down. In some stores managers receive bonuses when they meet certain financial goals for a store, such as low shortage and meeting sales objectives. Often the store employees receive no additional incentive to help the store reduce shrinkage. I worked for a retailer that would give bonuses to store managers for the achievements of goals which included beating shortage objectives but the hourly employees had no additional perks. The only benefit that the employees would receive was a better percentage increase at annual review time if the store met financial goals. The company I work for now has just announced that if a store beats its shortage objective this year full time and part time employees will receive bonuses. That is a great incentive for employees to buy into a theft reduction plan for a store.
     

So what should a business expect when employees have a vested interest in the profitability of the store? Employees will not just speak of great customer service they will demonstrate it to discourage theft and improve sales. They will be aggressive in tagging products to stop shoplifting. They will want to learn how to properly use the Checkpoint Security System, testing the equipment and learning how to respond to alarms properly. Find out for yourself how profitable your company can be when you invest in Checkpoint Systems and the talented people who work for you. 

 

For more information about Checkpoint Security Systems contact us or call 1.866.914.2567