Take The Guess Work Out Of Shortage Reduction By Using The Free Loss Prevention Calculator

 

Can Loss Prevention Be Free? -3                                                                                              WC Blog 539
Free Loss Prevention Calculator-3
Take The Guess Work Out Of Shortage Reduction By Using The Free Loss Prevention Calculator
     It seems like it would be an odd question to ask retailers whose business is selling stuff but can loss prevention be free? I am certain that the majority of readers will be thinking that there would have to be a catch because nothing comes without a cost even if it is a hidden cost. I think of my sons going to college. Both were able to go “for free” taking into account the scholarships they were being given each semester. The money from the scholarships covered all of their necessary education expenses. It looks great on the surface but there is/was a catch. In the event their grades fell/fall below a certain grade point average they would lose those scholarships and they would be responsible for paying for their classes. That was a heavy weight for my older son to carry and one my younger son is still dealing with in his senior year of college. This is not a complaint, as we are extremely grateful that the scholarships have been available to enable them to attend school. It is only an acknowledgement that there is a certain price associated with the acceptance of the “free” scholarship. Loss Prevention Systems Inc. founder Bill Bregar knows that there is skepticism when anything is offered as free. His company, Loss Prevention Systems Inc. is focused on making stores profitable through shortage reduction and theft prevention. To do this he recommends stores install a Checkpoint System that will pay for itself. That’s right, an anti-theft system can reduce shortage and ultimately be free and by trying the Free Loss Prevention Calculator you can find out it is true.
     How free is this tool? Anyone can access the Loss prevention Systems Inc. website, click on the ROI Calculator and begin inputting numbers. There is no registration required, click on the link for the ROI Calc. at the top of the page and the form is right there. A manager or owner will enter the amount of their store’s annual sales and the amount he/she may want to spend on a Checkpoint security system. The Free Loss Prevention Calculator has a default estimated shrinkage calculation built into it of 1.2%. This is about the national average for retail shortage. The calculator assumes store shrinkage will be reduced to .65%, slightly less than a half of a percent reduction with the installation of a Checkpoint system. The actual results could be even better than this meaning greater cash savings. The number of months it would take for a system to pay for itself is calculated at the bottom of the page. Can loss prevention be free? The numbers are displayed right on your screen. After a system has paid for itself over the months figured in the calculation then ongoing savings are yours to reinvest, save or use to grow your business. 
     How sure am I that an electronic article surveillance system works? I have worked extensively in Retail Loss Prevention as a Loss Prevention Officer and a Loss Prevention Manager. In those positions I used Checkpoint equipment and I have seen it work. I have also worked with electronic article surveillance tags and antennas in a college library and I have recovered a number of books and media materials from patrons who would otherwise have walked out with them. As the writer of the article I am sure some of you are still a bit skeptical of my claims so maybe I can ease your concerns after you read this information from retaildive.com, by Dan O’shea, March 6, 2017 in an article titled, “Dollar General tags Checkpoint for EAS deployment in 2800 stores”. According to Mr. O’Shea, ““Source tagging alone reduced theft of high-risk items by 44% in our stores” said an unnamed vice president of loss prevention at a major North American drugstore chain quoted by Checkpoint in the press release touting the Dollar General deal.”” The article mentioned that the Dollar General stores had experienced positive results in deterring theft through a trial of Checkpoint systems in a limited number of their stores. Surely the installation of EAS systems in 2800 stores is a testimony to the impact of a Checkpoint System in a store.
     You may not be the owner of 2800 stores but theft in those stores you do own can hurt more than theft in a national chain. You may not be able to afford 1.2% or greater shortage. That means you should be the one asking, Can loss prevention be free?” Use the Free Loss Prevention Calculator and see the answer for yourself. You will be pleasantly surprised.
The Free Loss Prevention Calculator is important and we can help you with it. Call 1.866.914.2567 and let’s talk.
  

It seems like it would be an odd question to ask retailers whose business is selling stuff but can loss prevention be free? I am certain that the majority of readers will be thinking that there would have to be a catch because nothing comes without a cost even if it is a hidden cost. I think of my sons going to college. Both were able to go “for free” taking into account the scholarships they were being given each semester. The money from the scholarships covered all of their necessary education expenses. It looks great on the surface but there is/was a catch. In the event their grades fell/fall below a certain grade point average they would lose those scholarships and they would be responsible for paying for their classes. That was a heavy weight for my older son to carry and one my younger son is still dealing with in his senior year of college. This is not a complaint, as we are extremely grateful that the scholarships have been available to enable them to attend school. It is only an acknowledgement that there is a certain price associated with the acceptance of the “free” scholarship. Loss Prevention Systems Inc. founder Bill Bregar knows that there is skepticism when anything is offered as free. His company, Loss Prevention Systems Inc. is focused on making stores profitable through shortage reduction and theft prevention. To do this he recommends stores install a Checkpoint System that will pay for itself. That’s right, an anti-theft system can reduce shortage and ultimately be free and by trying the Free Loss Prevention Calculator you can find out it is true.

How free is this tool? Anyone can access the Loss prevention Systems Inc. website, click on the ROI Calculator and begin inputting numbers. There is no registration required, click on the link for the ROI Calc. at the top of the page and the form is right there. A manager or owner will enter the amount of their store’s annual sales and the amount he/she may want to spend on a Checkpoint security system. The Free Loss Prevention Calculator has a default estimated shrinkage calculation built into it of 1.2%. This is about the national average for retail shortage. The calculator assumes store shrinkage will be reduced to .65%, slightly less than a half of a percent reduction with the installation of a Checkpoint system. The actual results could be even better than this meaning greater cash savings. The number of months it would take for a system to pay for itself is calculated at the bottom of the page. Can loss prevention be free? The numbers are displayed right on your screen. After a system has paid for itself over the months figured in the calculation then ongoing savings are yours to reinvest, save or use to grow your business. 

How sure am I that an electronic article surveillance system works? I have worked extensively in Retail Loss Prevention as a Loss Prevention Officer and a Loss Prevention Manager. In those positions I used Checkpoint equipment and I have seen it work. I have also worked with electronic article surveillance tags and antennas in a college library and I have recovered a number of books and media materials from patrons who would otherwise have walked out with them. As the writer of the article I am sure some of you are still a bit skeptical of my claims so maybe I can ease your concerns after you read this information from retaildive.com, by Dan O’shea, March 6, 2017 in an article titled, “Dollar General tags Checkpoint for EAS deployment in 2800 stores”. According to Mr. O’Shea, ““Source tagging alone reduced theft of high-risk items by 44% in our stores” said an unnamed vice president of loss prevention at a major North American drugstore chain quoted by Checkpoint in the press release touting the Dollar General deal.”” The article mentioned that the Dollar General stores had experienced positive results in deterring theft through a trial of Checkpoint Systems in a limited number of their stores. Surely the installation of EAS systems in 2800 stores is a testimony to the impact of a Checkpoint System in a store.

You may not be the owner of 2800 stores but theft in those stores you do own can hurt more than theft in a national chain. You may not be able to afford 1.2% or greater shortage. That means you should be the one asking, Can loss prevention be free?” Use the Free Loss Prevention Calculator and see the answer for yourself. You will be pleasantly surprised.

 

The Free Loss Prevention Calculator is important and we can help you with it. Call 1.866.914.2567 and let’s talk.

Can Loss Prevention Be Free? -3                                                                                              WC Blog 539Free Loss Prevention Calculator-3Take The Guess Work Out Of Shortage Reduction By Using The Free Loss Prevention Calculator     It seems like it would be an odd question to ask retailers whose business is selling stuff but can loss prevention be free? I am certain that the majority of readers will be thinking that there would have to be a catch because nothing comes without a cost even if it is a hidden cost. I think of my sons going to college. Both were able to go “for free” taking into account the scholarships they were being given each semester. The money from the scholarships covered all of their necessary education expenses. It looks great on the surface but there is/was a catch. In the event their grades fell/fall below a certain grade point average they would lose those scholarships and they would be responsible for paying for their classes. That was a heavy weight for my older son to carry and one my younger son is still dealing with in his senior year of college. This is not a complaint, as we are extremely grateful that the scholarships have been available to enable them to attend school. It is only an acknowledgement that there is a certain price associated with the acceptance of the “free” scholarship. Loss Prevention Systems Inc. founder Bill Bregar knows that there is skepticism when anything is offered as free. His company, Loss Prevention Systems Inc. is focused on making stores profitable through shortage reduction and theft prevention. To do this he recommends stores install a Checkpoint System that will pay for itself. That’s right, an anti-theft system can reduce shortage and ultimately be free and by trying the Free Loss Prevention Calculator you can find out it is true.     How free is this tool? Anyone can access the Loss prevention Systems Inc. website, click on the ROI Calculator and begin inputting numbers. There is no registration required, click on the link for the ROI Calc. at the top of the page and the form is right there. A manager or owner will enter the amount of their store’s annual sales and the amount he/she may want to spend on a Checkpoint security system. The Free Loss Prevention Calculator has a default estimated shrinkage calculation built into it of 1.2%. This is about the national average for retail shortage. The calculator assumes store shrinkage will be reduced to .65%, slightly less than a half of a percent reduction with the installation of a Checkpoint system. The actual results could be even better than this meaning greater cash savings. The number of months it would take for a system to pay for itself is calculated at the bottom of the page. Can loss prevention be free? The numbers are displayed right on your screen. After a system has paid for itself over the months figured in the calculation then ongoing savings are yours to reinvest, save or use to grow your business.      How sure am I that an electronic article surveillance system works? I have worked extensively in Retail Loss Prevention as a Loss Prevention Officer and a Loss Prevention Manager. In those positions I used Checkpoint equipment and I have seen it work. I have also worked with electronic article surveillance tags and antennas in a college library and I have recovered a number of books and media materials from patrons who would otherwise have walked out with them. As the writer of the article I am sure some of you are still a bit skeptical of my claims so maybe I can ease your concerns after you read this information from retaildive.com, by Dan O’shea, March 6, 2017 in an article titled, “Dollar General tags Checkpoint for EAS deployment in 2800 stores”. According to Mr. O’Shea, ““Source tagging alone reduced theft of high-risk items by 44% in our stores” said an unnamed vice president of loss prevention at a major North American drugstore chain quoted by Checkpoint in the press release touting the Dollar General deal.”” The article mentioned that the Dollar General stores had experienced positive results in deterring theft through a trial of Checkpoint systems in a limited number of their stores. Surely the installation of EAS systems in 2800 stores is a testimony to the impact of a Checkpoint System in a store.     You may not be the owner of 2800 stores but theft in those stores you do own can hurt more than theft in a national chain. You may not be able to afford 1.2% or greater shortage. That means you should be the one asking, Can loss prevention be free?” Use the Free Loss Prevention Calculator and see the answer for yourself. You will be pleasantly surprised.The Free Loss Prevention Calculator is important and we can help you with it. Call 1.866.914.2567 and let’s talk.  

Poor Inventory Results? Take Action To Stop Shoplifting And Operational Losses By Creating A Shortage Action Plan

 

Electronic Article Surveillance – 4                                                                                          WC Blog 409
Stop Shoplifting -4
Poor Inventory Results? Take Action To Stop Shoplifting And Operational Losses By Creating A Shortage Action Plan
     Change quite often can be uncomfortable. Have you ever noticed that usually when people are sitting at their dinner table everyone has a particular seat they sit in? I know that in church my wife and I have a tendency to sit in the same seats. Consider your routines when you wake up in the morning. I have a set order I do things, I wake up, shower, walk the dogs, drink a pot of coffee, read from my Bible, brush my teeth and head off to work. I detest being late for something so I set my watch 10 minutes ahead (of course when I am going to go somewhere with my wife and I feel we are running late she tells me my watch is 10 minutes fast, “What’s the rush?”).The point I am trying to make is that we all get into routines and whether we want to admit it or not it can be difficult to change whether it is something about ourselves, something about our habits or something having to do with our environment. I believe retail owners who are reluctant to take adequate steps to stop shoplifting with the use of electronic article surveillance systems are avoiding changes they are not comfortable with.
     Electronic article surveillance systems use radio frequency waves transmitted from a tag or label and picked up by a receiver tower to sound an alarm when tagged merchandise is carried in the field of a tower. Some of the tags also have their own internal alarms that activate when a shoplifter tries to pry it off of merchandise. Because of the variety of tags and labels on the market through Checkpoint Systems and other companies, there are very few items that cannot be protected in one manner or another to stop shoplifting. There are labels that can be peeled from a roll and applied to boxes, shrink wrap, cloth and cardboard hang tags, etc. Hard tags are available that can be pinned to merchandise and not pulled off or detached without a removal key. Tagged goods are items that shoplifters prefer to leave alone. When shoplifters know that merchandise is protected with electronic article surveillance labels or tags they frequently choose to find another store rather than take the risk of being caught stealing.
    It is funny but when I first started as a Loss Prevention Manager we would conduct our inventory and get the results back. When I would begin work on a shortage action plan I remember trying to get other managers to give input. Inevitably the very first cause of shortage for almost ANY category was attributed to theft. Why? Well, first it is always easy to attribute shortage to theft, the primary responsibility for actions to address it fall on Loss Prevention in a big store. If other areas are identified that are related to operations, it meant someone else would have to take an active role in the plan. That also meant following up to ensure any action step was being followed. Lastly, it meant taking a hard look at one’s own department and taking responsibility for things that may not have been done correctly.
  I am of the opinion this is why many managers in retail don’t like to make shortage action plans or if they do make them they don’t always follow up on their plans after the first few weeks. I’ve run into this as a Loss Prevention Manager trying to work with the “store side” managers to create realistic plans and then follow through with them. They say it takes 21 days to form a habit…with shortage action plans I would say 21 months is more like it. For stores experiencing high inventory shortage, it is important to identify the areas/departments with the highest losses, look at the possible causes of the shortages and create action plans with action items, follow-ups and due dates. When theft is the issue, identify it and look for way to stop shoplifting or internal theft. When the issue involves operations call it as you see it, make a plan to fix the problem, execute the plan and follow up to make the store is doing what you committed to doing. If you are only making a plan for the sake of making a plan, don’t waste your time and don’t expect shortage to come down. 
     Electronic article surveillance can go a long way to stop shoplifting. Controls over vendors, stockroom access, shipment check-ins, etc. can make a significant impact on operational shortage. Remember, improving shortage results impacts profits and sales.
Get more information on electronic article surveillance, contact us or call 1.866.914.2567 today.

Change quite often can be uncomfortable. Have you ever noticed that usually when people are sitting at their dinner table everyone has a particular seat they sit in? I know that in church my wife and I have a tendency to sit in the same seats. Consider your routines when you wake up in the morning. I have a set order I do things, I wake up, shower, walk the dogs, drink a pot of coffee, read from my Bible, brush my teeth and head off to work. I detest being late for something so I set my watch 10 minutes ahead (of course when I am going to go somewhere with my wife and I feel we are running late she tells me my watch is 10 minutes fast, “What’s the rush?”).The point I am trying to make is that we all get into routines and whether we want to admit it or not it can be difficult to change whether it is something about ourselves, something about our habits or something having to do with our environment. I believe retail owners who are reluctant to take adequate steps to stop shoplifting with the use of electronic article surveillance systems are avoiding changes they are not comfortable with.

Electronic article surveillance systems use radio frequency waves transmitted from a tag or label and picked up by a receiver tower to sound an alarm when tagged merchandise is carried in the field of a tower. Some of the tags also have their own internal alarms that activate when a shoplifter tries to pry it off of merchandise. Because of the variety of tags and labels on the market through Checkpoint Systems and other companies, there are very few items that cannot be protected in one manner or another to stop shoplifting. There are labels that can be peeled from a roll and applied to boxes, shrink wrap, cloth and cardboard hang tags, etc. Hard tags are available that can be pinned to merchandise and not pulled off or detached without a removal key. Tagged goods are items that shoplifters prefer to leave alone. When shoplifters know that merchandise is protected with electronic article surveillance labels or tags they frequently choose to find another store rather than take the risk of being caught stealing.

It is funny but when I first started as a Loss Prevention Manager we would conduct our inventory and get the results back. When I would begin work on a shortage action plan I remember trying to get other managers to give input. Inevitably the very first cause of shortage for almost ANY category was attributed to theft. Why? Well, first it is always easy to attribute shortage to theft, the primary responsibility for actions to address it fall on Loss Prevention in a big store. If other areas are identified that are related to operations, it meant someone else would have to take an active role in the plan. That also meant following up to ensure any action step was being followed. Lastly, it meant taking a hard look at one’s own department and taking responsibility for things that may not have been done correctly.

I am of the opinion this is why many managers in retail don’t like to make shortage action plans or if they do make them they don’t always follow up on their plans after the first few weeks. I’ve run into this as a Loss Prevention Manager trying to work with the “store side” managers to create realistic plans and then follow through with them. They say it takes 21 days to form a habit…with shortage action plans I would say 21 months is more like it. For stores experiencing high inventory shortage, it is important to identify the areas/departments with the highest losses, look at the possible causes of the shortages and create action plans with action items, follow-ups and due dates. When theft is the issue, identify it and look for way to stop shoplifting or internal theft. When the issue involves operations call it as you see it, make a plan to fix the problem, execute the plan and follow up to make the store is doing what you committed to doing. If you are only making a plan for the sake of making a plan, don’t waste your time and don’t expect shortage to come down. 

Electronic article surveillance can go a long way to stop shoplifting. Controls over vendors, stockroom access, shipment check-ins, etc. can make a significant impact on operational shortage. Remember, improving shortage results impacts profits and sales.

 

Get more information on electronic article surveillance, contact us or call 1.866.914.2567 today.

 

 

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