Goals - Reduce Shrink
Shrink reduction (minimizing loss due to theft or maximizing ROI) is one of the prime benefits or results from installing video security.
The crime of shoplifting, according to the National Association for Shoplifting Prevention, accounts for more than 25 million dollars every day. Shoplifting has become a large part of retail shrinkage.
EMPLOYEE THEFT, the same source sites, is the #1 source of shrink is employee theft. Internal theft may include discount abuse, refund abuse and even credit card abuse.
SHOPLIFTING, the #2 source of shrink is the act of concealment, altering (or swapping) price tags or transfer from one container to another.
ADMINISTRATIVE ERROR (pricing mistakes, errant markdowns, etc.) is sited as the #3 source of retail shrink accounting for roughly 15% of the national total.
VENDOR FRAUD (improper counting while stocking shelves, direct theft, etc.) is the #4 source of shrink and occurs when outside vendors (non-employees) stock the shelves.
A GuardDog Video Security system combats and helps prevent all four of the above top contributors to retail shrink. Employees, thieves (doubling as customers) and vendors all behave differently when they know their actions are being captured on a digital security system.
Our integrated Point-of-Sale (POS) system, which generates an automatic documentation of every transaction, is an excellent value-add tool that provides a simple internal audit mechanism that makes it possible to identify theft or errors and to resolve any possible doubts concerning payments, change, discounts, etc.
Our proven system design methods define both “primary” and “secondary” coverage areas and when you’ve had GuardDog design and install your video system you can rest assured that all the “critical zones” in your operation are covered.
There are good and not so good ways to use video to improve your employee and vendor related shrink – when you become a GuardDog Surveillance Systems customer we share those inside tips.
EMPLOYEE THEFT, the same source sites, is the #1 source of shrink is employee theft. Internal theft may include discount abuse, refund abuse and even credit card abuse.
SHOPLIFTING, the #2 source of shrink is the act of concealment, altering (or swapping) price tags or transfer from one container to another.
ADMINISTRATIVE ERROR (pricing mistakes, errant markdowns, etc.) is sited as the #3 source of retail shrink accounting for roughly 15% of the national total.
VENDOR FRAUD (improper counting while stocking shelves, direct theft, etc.) is the #4 source of shrink and occurs when outside vendors (non-employees) stock the shelves.
A GuardDog Video Security system combats and helps prevent all four of the above top contributors to retail shrink. Employees, thieves (doubling as customers) and vendors all behave differently when they know their actions are being captured on a digital security system.
Our integrated Point-of-Sale (POS) system, which generates an automatic documentation of every transaction, is an excellent value-add tool that provides a simple internal audit mechanism that makes it possible to identify theft or errors and to resolve any possible doubts concerning payments, change, discounts, etc.
Our proven system design methods define both “primary” and “secondary” coverage areas and when you’ve had GuardDog design and install your video system you can rest assured that all the “critical zones” in your operation are covered.
There are good and not so good ways to use video to improve your employee and vendor related shrink – when you become a GuardDog Surveillance Systems customer we share those inside tips.
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SOLUTIONS
DETER CRIME - GOALS - IMPROVE PRODUCTIVITY
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SOLUTIONS
DETER CRIME - GOALS - IMPROVE PRODUCTIVITY
BACK BUTTON to PREVIOUS PAGE
