Retail Loss Prevention Services
The objective of any retail bussines is to maximize profits and one of the ways to acheive this is through reducing inventory shrinkage, essentially the value of missing inventory. According to recent surveys, shrink is divided into 5 categories:
- 46.8% from employee theft,
- 31.6% from shoplifting
- 14.4% from administrative error
- 3.75% from vendor error
- 2.86% from unknown error
Although most retailers experience a shrink percentage of less than 2%, some smaller retailers often experience monthly and annual average shrinkage percentages as high as 20%.
Product details
In order to minimise losses we monitor your business either on site or remotely using excisting CCTV equipement if suitable. If not we can supply CCTV, other necessary equipment and software ourselves or in association with our trading partners.
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