Checkpoint Systems

Risky Business Choices Aren’t So Risky When The Free Loss Prevention Calculator Is Used

A free Loss Prevention Calculator helps store owners see what the return on an investment in a Retail Loss Prevention System would be without spending anything to look into it. Shoplifting costs stores money through stolen merchandise and the loss of business when a customer can’t locate the goods they came into the store to purchase. It also takes an additional toll when a shoplifter picks up an item and then returns it for cash or a gift card. Nothing like paying for your own stuff is there? Is there a risk in spending money on a Sensormatic System? Is it a good idea for a business owner to take a risk in investing in something without assurance it will pay off? I know of one example of a calculated risk taken that has paid off.  
     

About three years ago, my Alma Mater, Coastal Carolina University, made what appeared to be an unusual investment for a school, they sponsored a NASCAR driver in the truck racing series. There was no equivalent to the Loss Prevention ROI Calculator for the University to refer to before attempting this venture. Not many schools would make such a partnership but the deal has been beneficial to the driver, Brandon Brown (a Coastal student and alumni), his team and Coastal Carolina. The sponsorship helps the driver and his team cover the expenses of travel, salaries and vehicle maintenance. The return on investment for the school is the national recognition the school receives every time Mr. Brown, his truck and now Xfinity series race car are viewed on television. In a feature page on Coastal’s website in a story by Brent Reser, “In The Fast Lane”, Bill Plate, CCU’s Vice President for University Communications, pointed out the benefit of the sponsorship for Coastal with the school’s Chanticleer logo prominently displayed. “It is no different than a billboard except this billboard moves up and down moves up and down I-95”,  Plate says referring to the trailer marked with Coastal insignia that transports Brown’s vehicle”…Plate goes on to say, “Then on race day it is a billboard that goes 180 mph…” NASCAR is a hugely popular sport and is watched all across the nation so the attention garnered aids in recruiting new students. It is also helpful to the CCU athletics teams in recruiting efforts to make the school competitive on the highest levels. It was a risky move that has turned out well for the University.
     

The Loss Prevention ROI Calculator gives retailers the ability to see how adding Loss Prevention system to their store will add security that reduces shrink without taking a risk. Click on the ROI calculator on the top of the Loss Prevention Systems Inc. home page and enter two key pieces of information, your estimated annual sales and the amount you would spend on a Sensormatic system. The calculator has a built in shortage reduction factor so it will give you the estimated number of months it would take for a system to pay for itself. In other words Loss Prevention can pay for itself. The Loss Prevention ROI Calculator removes any and all risks a store owner takes in the purchase of a Sensormatic security system by showing the benefits it will provide.
     

As a former Loss Prevention Manager with over 27 years of retail experience I have first-hand knowledge that Checkpoint systems work. I have seen top theft departments drastically improve in shortage performance after Sensormatic tags and labels were used on merchandise. I have complete confidence that after using the Free Loss Prevention Calculator you will see that your business can see similar shortage improvement. 
     

Adding a school logo to a racing truck and car was a calculated risk for CCU. There was no way to measure what the impact would be prior to sponsoring the team. Adding a Sensormatic security system to your store doesn’t need to be a risk. The Free Loss Prevention Calculator gives a realistic expectation of how much store owners will save in reduced inventory shrinkage. Decreased shrink means more profit and merchandise in the store for customers to purchase and THAT is something to crow about!

 

For more information on the Loss Prevention ROI Calculator contact us or call 1.866.914.2567 today.


 

The Free Loss Prevention Calculator Shows How To Stop Shrink

Free Loss Prevention Calculator-4                                                                                           WC Blog 585
Can Loss Prevention Be Free?-3

The Free Loss Prevention Calculator Shows How To Stop Shrink

     How many times do you see a “Free with purchase” offer to get you to buy a product? It can make you kind of numb to real offers like the Free Loss Prevention Calculator from Loss Prevention Inc. It is not uncommon to see things like a free tire rotation with an oil change from an automotive maintenance company. The car tire rotation may be free but I’ll be darned if it doesn’t seem like every rotation I get I am given the dire warning of how my tires are worn and should be replaced. Also, I paid how much for that oil change? No, this is not a tirade against automotive repair businesses. I know they are in business to make money but free doesn’t seem so free if you are pushing me to get new tires or strongly suggest I replace my brakes that are ready to go out on me tomorrow and throw me into a ditch or worse yet, kill me. Maybe more free is the $10 company issued giftcard with purchase when you by $75 in ink from a store. Of course the catch there is you are buying $75 in ink and you will be coming back to use that giftcard. And let’s be honest, with that $10 giftcard how many people are really going to look for just $10 in merchandise? It is a great marketing tool but it does make the “free” offer feel a little less free. Since I focus much of my attention on Loss Prevention issues it seems that there should be a question posed to companies that sell retail anti-theft systems. Can Loss Prevention be free? How many are going to say, “Yes it can be.” There is one company that says it can be and that is Loss Prevention Systems Inc.

     Now I know it is going to sound ridiculous to most of you. In fact some are probably wanting to know when I’m going to pronounce that the brakes are shot on this car after you get your oil change. No, there are no surprises or catches. Can Loss Prevention be free? You bet it can be. The fact of the matter is a new Checkpoint system is going to save you money by theft reduction. The installation of new electronic article surveillance pedestals and application of retail anti-theft devices on each piece of merchandise carried in your store is going to deter criminals from stealing. For those few who will be foolish enough to attempt to steal anyways, the pedestals are going to be set off when tagged items are carried near the doors. Pedestal alarms will alert employees that someone is going to try to steal. Merchandise is then recovered in the receipt check that follows. Every time a crook walks out empty handed or a recovery is made money is added back to the store profit line and offsets a portion of the cost of a new antitheft system. How can I be so sure? I have extensive experience as a Loss Prevention Manager and I know how effective Checkpoint Systems products are. I have also tested the Free Loss Prevention Calculator and find it to be an accurate measurement tool. 

     Free to use for anyone, the calculator gives a store owner the ability to enter variables such as annual sales information and how much they would consider spending on a Loss Prevention system. The calculator assumes a standard annual shrink rate of 1.2% (slightly less than the current national average) and a modest shortage reduction resulting from a newly installed system to .65% annually. The final calculation is the estimated number of months it would take for a system to pay for itself through shortage reduction savings. And the best part is that there is no catch. No sign up or registration required to use the Free Loss Prevention Calculator. It’s kind of like getting that oil change and tire rotation and no pressure to buy a couple of new tires.

     Can Loss Prevention be free? It can be in the amount it saves in shortage due to theft. Can a system really save this much money for a store? There is no question it can especially with a well-trained group of employees who know the best methods for alarm resolutions. Visit the Loss Prevention Systems Inc. website and give the free Loss Prevention Calculator a try. No oily sales staff here, just professionals who want to help your business save money and reduce theft. 
Get more information on the Free Loss Prevention Calculator, contact us or call 1.866.914.2567 today

How many times do you see a “Free with purchase” offer to get you to buy a product? It can make you kind of numb to real offers like the Free Loss Prevention Calculator from Loss Prevention Inc. It is not uncommon to see things like a free tire rotation with an oil change from an automotive maintenance company. The car tire rotation may be free but I’ll be darned if it doesn’t seem like every rotation I get I am given the dire warning of how my tires are worn and should be replaced. Also, I paid how much for that oil change? No, this is not a tirade against automotive repair businesses. I know they are in business to make money but free doesn’t seem so free if you are pushing me to get new tires or strongly suggest I replace my brakes that are ready to go out on me tomorrow and throw me into a ditch or worse yet, kill me. Maybe more free is the $10 company issued giftcard with purchase when you by $75 in ink from a store. Of course the catch there is you are buying $75 in ink and you will be coming back to use that giftcard. And let’s be honest, with that $10 giftcard how many people are really going to look for just $10 in merchandise? It is a great marketing tool but it does make the “free” offer feel a little less free. Since I focus much of my attention on Loss Prevention issues it seems that there should be a question posed to companies that sell retail anti-theft systems. Can Loss Prevention be free? How many are going to say, “Yes it can be.” There is one company that says it can be and that is Loss Prevention Systems Inc.
     

Now I know it is going to sound ridiculous to most of you. In fact some are probably wanting to know when I’m going to pronounce that the brakes are shot on this car after you get your oil change. No, there are no surprises or catches. Can Loss Prevention be free? You bet it can be. The fact of the matter is a new electronic article surveillance system is going to save you money by theft reduction. The installation of new electronic article surveillance (EAS) pedestals and application of retail anti-theft devices on each piece of merchandise carried in your store is going to deter criminals from stealing. For those few who will be foolish enough to attempt to steal anyways, the pedestals are going to be set off when tagged items are carried near the doors. Pedestal alarms will alert employees that someone is going to try to steal. Merchandise is then recovered in the receipt check that follows. Every time a crook walks out empty handed or a recovery is made money is added back to the store profit line and offsets a portion of the cost of a new antitheft system. How can I be so sure? I have extensive experience as a Loss Prevention Manager and I know how effective EAS products are. I have also tested the Free Loss Prevention Calculator and find it to be an accurate measurement tool. 
     

Free to use for anyone, the calculator gives a store owner the ability to enter variables such as annual sales information and how much they would consider spending on a Loss Prevention system. The calculator assumes a standard annual shrink rate of 1.2% (slightly less than the current national average) and a modest shortage reduction resulting from a newly installed system to .65% annually. The final calculation is the estimated number of months it would take for a system to pay for itself through shortage reduction savings. And the best part is that there is no catch. No sign up or registration required to use the Free Loss Prevention Calculator. It’s kind of like getting that oil change and tire rotation and no pressure to buy a couple of new tires.
     

Can Loss Prevention be free? It can be in the amount it saves in shortage due to theft. Can a system really save this much money for a store? There is no question it can especially with a well-trained group of employees who know the best methods for alarm resolutions. Visit the Loss Prevention Systems Inc. website and give the free Loss Prevention Calculator a try. No oily sales staff here, just professionals who want to help your business save money and reduce theft. 

 

Get more information on the Free Loss Prevention Calculator, contact us or call 1.866.914.2567 today

Inventory Control Is More Than Just Retail Theft Prevention

Checkpoint systems- 5                                                                                                    WC Blog 472
Checkpoint tags-3
Retail theft prevention-3

Inventory Control Is More Than Just Retail Theft Prevention

    Does Inventory control involve more than simply retail theft prevention? It does but often that is the first thing retail managers look at when they are trying to determine causes of shortage. As a former Loss Prevention Manager I dealt with all of the areas that impacted shortage and worked to prevent those losses. There were issues related to theft and Checkpoint Systems were one of our methods of addressing that type of merchandise shrink. I made sure our store was tagging merchandise with Checkpoint tags and labels to deter and detect theft. I also ensured our Loss Prevention Team was staffed with personnel who would monitor the check lanes and front doors. I also had staff walking the salesfloor looking for shoplifters. While we made a significant impact on theft issues from our efforts to stop shoplifting to identifying and preventing internal theft, one of my largest recoveries of inventory had nothing to do with theft or fraud.

     I will continue my story in a moment but I do think it is important to talk about Checkpoint Systems because so much of the success we did experience overall was due in large measure to the effort we placed on theft prevention. Checkpoint Systems use a combination of devices to deter and to prevent the theft of store merchandise. The operating parts use electronic article surveillance (EAS) technology to protect products. Checkpoint labels are soft peel off tags that can be placed on a variety of surfaces including plastics, cardboard even shrink wrap. Checkpoint tags are pinned to clothing or through materials and in some instances plastic blister packs. Both types of devices send out radio waves that are picked up by EAS towers if they come into range. A tower that picks up a radio wave sounds an alarm that resonates through a store. A trained employee will respond to an alarm and determine what caused it through a receipt check. If unpaid merchandise is recovered (which happens in the majority of alarm activations) most stores will offer an opportunity for the person with the merchandise to purchase it or turn it back over. Tagged product also deters criminals since they know it will sound an alarm. Often the shoplifter will simply leave rather than chance being caught. You can see now how EAS tagged merchandise impacts retail theft prevention. 

     While our Loss Prevention team did make a significant number of deterred recoveries with the help of Checkpoint Systems and apprehensions for shoplifting I did make one very large recovery as I alluded to earlier. Our store had received our inventory results back and even though the results were good (well under 1%), I was not satisfied. I reviewed the detailed shortage results and one of the highest shortage departments was our shoe department. I knew some theft had taken place in this area we had made apprehensions of shoplifters and recoveries from the EAS system. We also occasionally found footwear that was old indicating someone had swapped out shoes. In spite of this I did not believe the shortage was primarily due to theft I believed the issue laid elsewhere. 

     I opened the store’s profit and loss (P&L) statements for the past year. I took each month and carefully reviewed the weeks for that department. Eventually I came to a line that showed a large charge to the P&L for the department in question. There was no reasonable cause that I could attribute for the spike. There was no seasonal change that may have prompted this size of a billing and there was no plan-o-gram change that I could think of that may have instigated this size of a bill. I ran the spike past my store manager who forwarded it to Headquarters. It took some time and our inventory booked. A couple of weeks afterwards we had a post-inventory adjustment and our inventory results improved. My store manager said he had never in his 20 years in the company seen a booked inventory changed. We received a $10,000 adjustment in shoes. I had identified a billing error in our P&L that Headquarters could confirm was an error. 

     I am proud of this paperwork recovery as it demonstrated that dollars are lost by more than just theft. However, if we had focused all of our efforts on paperwork errors and ignored retail theft prevention we would never have had the kind of results we did on a consistent basis. With Checkpoint Systems and the use of Checkpoint tags theft can be significantly reduced and shortage kept low. Don’t lose sight of the other areas that impact shortage like administration and operations but to truly make a difference use Checkpoint towers, labels and tags.
For more information about Checkpoint Systems contact us or call 1.866.914.2567
  

Does Inventory control involve more than simply retail theft prevention? It does but often that is the first thing retail managers look at when they are trying to determine causes of shortage. As a former Loss Prevention Manager I dealt with all of the areas that impacted shortage and worked to prevent those losses. There were issues related to theft and electronice article surveillance (EAS) was one of our methods of addressing that type of merchandise shrink. I made sure our store was tagging merchandise with hard tags and labels to deter and detect theft. I also ensured our Loss Prevention Team was staffed with personnel who would monitor the check lanes and front doors. I also had staff walking the salesfloor looking for shoplifters. While we made a significant impact on theft issues from our efforts to stop shoplifting to identifying and preventing internal theft, one of my largest recoveries of inventory had nothing to do with theft or fraud.
     

I will continue my story in a moment but I do think it is important to talk about electronice article surveillance because so much of the success we did experience overall was due in large measure to the effort we placed on theft prevention. An EAS system uses a combination of devices to deter and to prevent the theft of store merchandise. The operating parts use electronic article surveillance  technology to protect products. Labels are soft peel off tags that can be placed on a variety of surfaces including plastics, cardboard even shrink wrap. Hard tags are pinned to clothing or through materials and in some instances plastic blister packs. Both types of devices send out radio waves that are picked up by EAS towers if they come into range. A tower that picks up a radio wave sounds an alarm that resonates through a store. A trained employee will respond to an alarm and determine what caused it through a receipt check. If unpaid merchandise is recovered (which happens in the majority of alarm activations) most stores will offer an opportunity for the person with the merchandise to purchase it or turn it back over. Tagged product also deters criminals since they know it will sound an alarm. Often the shoplifter will simply leave rather than chance being caught. You can see now how EAS tagged merchandise impacts retail theft prevention. 

     

While our Loss Prevention team did make a significant number of deterred recoveries with the help of an EAS system and apprehensions for shoplifting I did make one very large recovery as I alluded to earlier. Our store had received our inventory results back and even though the results were good (well under 1%), I was not satisfied. I reviewed the detailed shortage results and one of the highest shortage departments was our shoe department. I knew some theft had taken place in this area we had made apprehensions of shoplifters and recoveries from the EAS system. We also occasionally found footwear that was old indicating someone had swapped out shoes. In spite of this I did not believe the shortage was primarily due to theft I believed the issue laid elsewhere. 
     

I opened the store’s profit and loss (P&L) statements for the past year. I took each month and carefully reviewed the weeks for that department. Eventually I came to a line that showed a large charge to the P&L for the department in question. There was no reasonable cause that I could attribute for the spike. There was no seasonal change that may have prompted this size of a billing and there was no plan-o-gram change that I could think of that may have instigated this size of a bill. I ran the spike past my store manager who forwarded it to Headquarters. It took some time and our inventory booked. A couple of weeks afterwards we had a post-inventory adjustment and our inventory results improved. My store manager said he had never in his 20 years in the company seen a booked inventory changed. We received a $10,000 adjustment in shoes. I had identified a billing error in our P&L that Headquarters could confirm was an error. 
     

I am proud of this paperwork recovery as it demonstrated that dollars are lost by more than just theft. However, if we had focused all of our efforts on paperwork errors and ignored retail theft prevention we would never have had the kind of results we did on a consistent basis. With an EAS and the use of hard tags theft can be significantly reduced and shortage kept low. Don’t lose sight of the other areas that impact shortage like administration and operations but to truly make a difference use EAS towers, labels and tags.

 

For more information about electronic article surveillance systems, contact us or call 1.866.914.2567