Shortage Reduction Must Cost Money, Right? Maybe Not! Try Tackling The Problem Using LPSI’s Free Loss Prevention Calculator
I work at a college library. Coming from a retail background I am all about customer service and our school really places a strong emphasis on it. Well, in my day to day activities I meet lots of different students and I try to at least ask how classes are going or how their week is. I have also made the acquaintance of some of the athletes. As I was talking with one of the football players I was asking about his practices and if they still conduct two-a-days. I was surprised when he told me that the NCAA no longer permits two-a-days. He explained that officials reviewed the practice and determined that it has negligible effects and can actually be detrimental to the players. I asked the student what he thought about it and he indicated that most of the players were for the move for obvious reasons (it is really taxing to be out there on the field twice a day, especially in the heat of the day). He made another point that made perfect sense to me. There isn’t much return on investment in the two-a-day rituals. His point was that most of the players who really want to get playing time are already in the gym staying in condition. The freshmen are expected to be physically ready when they arrive to school and start practices with the team. Being on the field is the time for the team to learn plays, learn their positions and prepare for game time. He said that the majority of the guys on the team have played football since high school or earlier so they know they are expected to work out when not in school and to come to college ready. Retailers know all about Return on Investment, spending hard earned money when there will be something to show for that investment. For a retailer to invest in Loss Prevention sometimes they have to be shown where the payoff will be. That was the reason Loss Prevention Systems, Inc. introduced the Loss Prevention ROI Calculator.
It is easy for me with somewhere around 20 years of Loss Prevention experience and 25 years of total retail experience to tell the small retail store owner how important Loss Prevention is. What I can’t do to the same degree as that owner is appreciate just how careful he/she has to be when spending a single dollar. On the other hand what I CAN offer is a Free Loss Prevention Calculator. At no cost to use it this Loss Prevention ROI Calculator allows retailers to enter a few pieces of information such as estimated annual sales and approximately how much money they would consider spending on a Checkpoint Security System. The Calculator gives an estimated 1.2% shortage rate for all stores and estimates store losses would be reduced to .65% (in many cases the shrinkage rate would be reduced even more with a system installed). The calculator then determines how many months it would take for a Checkpoint System to pay for itself from the reduction in shortage. In other words, a Loss Prevention System can pay for itself and after it pays for itself the savings hit the profit line of the ledger books. I don’t know of too many investments that can give the kind of Return on Investment that can be achieved by using the Free Loss Prevention Calculator.
I am certain there are some of you reading this who are like me and have it instilled in you that nothing is free and have taught your children there is no free ride in life, everything has a cost. Since we think alike I also know you want to know what the catch is, are you going to get spammed with emails after you use the Loss Prevention ROI Calculator? Some sales rep. is going to call your store and bug you about buying now, right? Maybe you don’t get to see your calculation until you enter a credit card number? I can assure you that you can spend all day entering information and you won’t be tracked by cookies or trigger anything to solicit calls unless YOU choose to request more information from Loss Prevention Systems, Inc. because you like the results you see. I do think you will be asking for more information when use the Free Loss Prevention Calculator and see that a Loss Prevention System can pay for itself, but we’ll let the results speak for themselves.
For more information about the Loss Prevention ROI Calculator, contact us or call 1.866.914.2567