Spending Increases Profits? Free Loss Prevention Calculator Makes ROI As Easy As Clicking A Mouse

As anyone in business will tell you that it is profits that make everything else ok. No one bats an eyelash at the money spent on an advertisement when sales spike a few percentage points the day after. In Loss prevention we never have such an easy or obvious way to show how we increased profits, no easy graph to show your return on investment. As a result, getting approval for new expenses is often a challenge; after all it isn’t like we can pull up a Loss Prevention Calculator on our PC to show how quickly our work will impact the bottom line. Right? What if I told you there was a Free Loss Prevention Calculator available to do just that?

A Free Loss Prevention Calculator you ask? That seems rather magical now doesn’t it? Well it isn’t but what this Loss Prevention Calculator is a tool to put hard values at your fingertips to determine your ROI. Trust me, after several years in loss prevention I can tell you that investing in shoplifting prevention systems will increase profits. As for your ROI you can be sure that these investments can be looked at know that the profits question is a matter of when, not if, the system will pay for itself. Beauty is that after a system has paid for itself it actually makes you money. 

I know this concept is not going to be easy for some people to take, after all we can clearly see the line item expense on the P&L but what we can’t see is the number of people who don’t steal. It can be a tough sell but that’s where the Free Loss Prevention Calculator comes in. Using average values, you will be able to see an actual number, not a guess, not a ball park but an actual number when making this ROI decision. 

When I first started out I had this same conceptual argument over a few different shrink reduction strategies. Management pushed back against the LP initiatives because they couldn’t see the ROI. I finally got through to the operations team when, after a particularly productive meeting, I threw out the number $5000, the amount that I knew we had recently recovered.  Management didn’t seem to think this was significant and I didn’t have a Loss Prevention Calculator to show them. I was frustrated.

Then it hit me.  I made a point to them they couldn’t argue with. I asked the loudest of the managers a simple question. I said “If the District Manager came here and said he had a way for you to increase your profit line by $5000 would you tell him that you weren’t going to do what he suggested because you couldn’t see the ROI of his idea? Would you tell him you were too busy or that you were simply ok with only making X dollars and that adding $5000 more wasn’t worth your time? ”No one had an answer to that question. 

What we did have was an understanding. An understanding that no one is too busy and no investment is unreasonable if it is guaranteed to increase profits. I didn’t have the luxury of a Loss Prevention Calculator; much less a Free Loss Prevention Calculator but now we all have access to this tool. For all of us the time spent fighting for buy in on an idea or initiative is, quite frankly time we could use elsewhere, like making money. Take advantage of this tool and add some punch to your next pitch, use the Free Loss Prevention Calculator to show exactly how much and how long your investment will become a profit.  

Need information on our Free Loss Prevention Calculator?  Give us a call at 1.770.426.0547 now