Reducing Inventory Shrink With Security Systems
As a business owner, one of the most important things you can do is ensure the safety of your product and reduce shrinkage. According to The Global Retail Theft Barometer, as published by the Center for Retail Research, North American retailers lose roughly $45 billion in inventory from shrinkage every year. Although it might not be realistic to reduce this number to $0 every year, the commercial security system Philadelphia uses has high hope toward preventing your business from being part of this statistic.
Inventory shrink is more complicated than simple theft, although theft is included. Shrinkage includes customer theft, employee theft, breakage, returns, and lost product. The largest two contributors to this statistics, though, are employee theft and customer shoplifting. So how do you prevent this?
- Security cameras are a basic starting point. Having eyes on your store at all times is the first step toward catching thieves in action.
- Swipe cards or codes are a great way to keep track of who has entered secure areas where inventory is stored. You will know who accessed the secure area, when they did it, and why. Having cameras to confirm the employee actually entered the room is another way to prove accusations of theft if it comes to that.
- Loss prevention officers are an excellent additional layer of security for the more expensive retail chains. They covertly operate the cameras and have agents on the ground with an eye out for suspicious characters. This type of security is likely only worth the investment for high profit margin markets.
- Anti-theft clothing tags are also great for high-end stores. They require a special device to remove and will trip the alarm if someone attempts to walk out of the store with one still attached. These tags might also be effective in lower-priced stores. Some people who shop the discounts might have less to lose by stealing, while thieves in high-end shops have more to gain.
If you are looking for the best commercial security system Philadelphia has to offer, give us a call today. We want to protect your store and we’ll continue to strive for victory in the fight against inventory shrinkage.Contact Sonitrol Today