Checkpoint Security System-4 WC Blog 309
Checkpoint Tags-3
Stop Shoplifting-3
A Checkpoint System Delivers Shortage Reduction And Increased Sales Simultaneously
I recently read an article that made me want to shout “HALLELUJAH!” The article was discussing the suggestion some make that they can cover store merchandise shrinkage with increased sales. The writer did not discount the value of increasing sales to reduce the impact of shortage, but he made several cogent points that I found myself nodding in agreement to. In the article, “Relying on Sales Won’t Eliminate Causes of Shrinkage”, by Adam Smith, CFE, CFI, dated Feb 16, 2017 in LPMINSIDER magazine, Mr. Smith uses an illustration of a store with $1 million dollars in sales and a 2% shrinkage as a percent to sales. He demonstrates how an increase in sales does in fact reduce shrink, but likewise a store with declining sales sees an increase in shrink. A little further in the article he points out that it took “a 9% sales increase to break a .1% reduction in shrink” (emphasis mine). His overall point is that there has to be balance between increasing sales and a continued focus on shortage reduction. I agree with a strategy of driving sales and improving shrinkage and I would argue that stores can impact both when they invest in a Checkpoint Security System.
Retail theft prevention includes the deterrence of employee theft and efforts to stop shoplifting. A Checkpoint Security System involves the use of Checkpoint tags on products making it clear to would-be thieves that attempting to take an item will cause an alarm at a Checkpoint electronic article surveillance (EAS) tower near the front doors of a store. Since store associates are generally responsible for more theft than shoplifters, the tags act as a deterrent to them as much as they do to shoplifters. The EAS towers activate a loud alarm signal and flashing lights when Checkpoint tags are carried close to them. This alarm provides warning to sales associates that an attempt to steal may be in process and they can conduct receipt checks to recover merchandise before it is walked out the door. In this way they do stop shoplifting and demonstrate to criminals that the store takes theft seriously.
A Checkpoint security system is as much a sales driver as it is a reducer of shrink. Often stores lock up merchandise in display cases or reduce quantities of merchandise on a store shelf and it does work. It is more difficult to steal merchandise when it is in a showcase and limiting quantities on a shelf does reduce how much can be stolen at one time, however I can tell you from experience neither one will completely stop shoplifting or employee theft. It also hinders the customer’s access to merchandise and therefore has a negative impact on sales. Customers don’t want to wait for employees to come to their assistance to open a display case in order to browse merchandise. Often it is annoying to have to point to something, ask to look at it, then have it put back so you can look at the next item. Usually retailers allow no more than two items out of a lockup case at any given time so it is a back and forth game. When that locked up merchandise can be protected with retail theft prevention tags and devices and removed from a lock up display customers can browse at their convenience and carry items with them while they continue to shop. When they are ready they check out without waiting for an associate to bring an item to the checkout counter.
Reduced merchandise facings or quantities to deter theft can also limit the customer who may want more of an item but chooses not to look for help. Few people will wander through a store to find assistance to find out if there is more of an item in a stockroom. Today’s consumer tends to want in and out of a store in a hurry and has little patience for waiting. If the consumer sees they have picked up the last item, even if they wanted another they don’t wait to see if someone will check on it for them and the store loses that sale.
A Checkpoint Security System can stop shoplifting from taking place and reduce shortage in the process. Checkpoint tags can give you confidence to fill the salesfloor, improve store in-stocks and make merchandise accessible, leading to increased sales and profit.
Get more information on Checkpoint Systems, contact us or call 1.770.426.0547 today.
I recently read an article that made me want to shout “HALLELUJAH!” The article was discussing the suggestion some make that they can cover store merchandise shrinkage with increased sales. The writer did not discount the value of increasing sales to reduce the impact of shortage, but he made several cogent points that I found myself nodding in agreement to. In the article, “Relying on Sales Won’t Eliminate Causes of Shrinkage”, by Adam Smith, CFE, CFI, dated Feb 16, 2017 in LPMINSIDER magazine, Mr. Smith uses an illustration of a store with $1 million dollars in sales and a 2% shrinkage as a percent to sales. He demonstrates how an increase in sales does in fact reduce shrink, but likewise a store with declining sales sees an increase in shrink. A little further in the article he points out that it took “a 9% sales increase to break a .1% reduction in shrink” (emphasis mine). His overall point is that there has to be balance between increasing sales and a continued focus on shortage reduction. I agree with a strategy of driving sales and improving shrinkage and I would argue that stores can impact both when they invest in a Checkpoint Security System.
Retail theft prevention includes the deterrence of employee theft and efforts to stop shoplifting. A Checkpoint Security System involves the use of Checkpoint tags on products making it clear to would-be thieves that attempting to take an item will cause an alarm at a Checkpoint electronic article surveillance (EAS) tower near the front doors of a store. Since store associates are generally responsible for more theft than shoplifters, the tags act as a deterrent to them as much as they do to shoplifters. The EAS towers activate a loud alarm signal and flashing lights when Checkpoint tags are carried close to them. This alarm provides warning to sales associates that an attempt to steal may be in process and they can conduct receipt checks to recover merchandise before it is walked out the door. In this way they do stop shoplifting and demonstrate to criminals that the store takes theft seriously.
A Checkpoint security system is as much a sales driver as it is a reducer of shrink. Often stores lock up merchandise in display cases or reduce quantities of merchandise on a store shelf and it does work. It is more difficult to steal merchandise when it is in a showcase and limiting quantities on a shelf does reduce how much can be stolen at one time, however I can tell you from experience neither one will completely stop shoplifting or employee theft. It also hinders the customer’s access to merchandise and therefore has a negative impact on sales. Customers don’t want to wait for employees to come to their assistance to open a display case in order to browse merchandise. Often it is annoying to have to point to something, ask to look at it, then have it put back so you can look at the next item. Usually retailers allow no more than two items out of a lockup case at any given time so it is a back and forth game. When that locked up merchandise can be protected with retail theft prevention tags and devices and removed from a lock up display customers can browse at their convenience and carry items with them while they continue to shop. When they are ready they check out without waiting for an associate to bring an item to the checkout counter.
Reduced merchandise facings or quantities to deter theft can also limit the customer who may want more of an item but chooses not to look for help. Few people will wander through a store to find assistance to find out if there is more of an item in a stockroom. Today’s consumer tends to want in and out of a store in a hurry and has little patience for waiting. If the consumer sees they have picked up the last item, even if they wanted another they don’t wait to see if someone will check on it for them and the store loses that sale.
A Checkpoint Security System can stop shoplifting from taking place and reduce shortage in the process. Checkpoint tags can give you confidence to fill the salesfloor, improve store in-stocks and make merchandise accessible, leading to increased sales and profit.
Get more information on Checkpoint Systems, contact us or call 1.770.426.0547 today.
I don’t purchase a lot of clothes online because I have difficulty finding the right sizes for the person I am buying for. Clothes sizes tend to vary by manufacturers so there is not always a uniform consistency. I recognize that my preferences are not necessarily representative of the public in general as more and more online only stores open up, selling merchandise over the internet versus in brick and mortar locations. This does open up some concerns over the issue of wardrobing. How difficult is it for online stores to control potential fraudulent returns due to wardrobing? I ask this because stores will be conducting inventories over the coming months and in the process, will have to account for all aspects of shortage. Online stores may not have a shoplifting issue, but they do have to contend with internal theft and the possibility of fraudulent returns and that is where the use of Alpha Shark Tags can be helpful.
Wardrobing isn’t necessarily a common term but it is a type of return fraud and does impact a store’s profits. The issue arises when someone buys an article of clothing, wears it a time or two, then returns it to the store with tags intact and a legitimate receipt and the buyer gets their money back. The purchaser hides the hang tags or removes the tags carefully, and replaces them when they are ready to return the garment. Since all the required items are present many stores will give the promised refund if the customer is not satisfied. The problem for a store owner or manager is that frequently this used merchandise cannot be sold again at the original price for which it was sold. There are frequently odors of food or perfume on the clothing, food or drink stains, possibly cigarette smells or even makeup stains that won’t entirely come out. This means destroying the item and maybe getting a partial credit from the manufacturer, if any credit at all. The store loses profit, if not gross margin.
Alpha Shark Tags effectively eliminate return fraud because if an item is returned with the Shark tag removed, the store turns down the refund. “How does this work?” you may ask. Alpha Shark Tags can only be attached to a clothing item once. The only method to remove it is to cut the tag off. Once removed, the store should already have a policy in place that explains that when a garment is returned and the tag has been cut-off it will not be accepted for a refund or exchange. The person who engages in wardrobing can hide manufacturer tags but there is no hiding a brightly colored Alpha Shark Tag. These tags are placed on a garment in a very visible location. When placed properly, the tag will be seen when the “customer” wears the item in public thereby defeating the method of fraud.
The question arises, “What am I supposed to do if I buy something and try it on and it doesn’t fit or it was a gift and the person I bought it for doesn’t like it?” There is no problem created for the purchaser when the item does not fit or is simply not what a gift recipient wanted. As long as the tag is still intact the item can be returned with the proper receipt information. The tag also has no effect on how a garment fits so the item can be tried on and the wearer will know if it is the proper size. The clothing can be returned to the online store and refunded and the store will be able to repackage and sell the item as new, a win-win for both parties.
Return fraud does impact profits and hurts inventory. It doesn’t matter whether the store is a walk-in building or an online entity wardrobing hurts the bottom line of both. Use Alpha Shark Tags and begin improving your next inventory today!
Wardrobing is important and we can help you with it. Call 1.770.426.0547 and let’s talk.
Stop Shoplifting-3 WC Blog 310
Employee Theft-5
What You Don’t Know Can Hurt You; Loss Prevention Systems, Inc. Provides Employer Training To Combat Shoplifting And Employee Theft
Thieves! Everyone knows how easy it is to identify them, right? A shoplifter obviously stands…uhmm…they all weigh…hmmm…obviously they are all between the ages of…errr…exactly! All shoplifters look exactly like I just described them and they all steal the same things and do it the same way. See, it isn’t so hard to stop shoplifting after all. How big an issue can it be anyways? Well, according to the 2014-2015 Global Retail Theft Barometer, shoplifting accounted for approximately 36% of total store shortage in North America. Did I catch your attention with that statistic? Nearly 40 percent of the merchandise that you cannot account for following inventory is due to shoplifters stealing from you. Additionally, employee theft accounts for another 45% of your losses! How do you stop shoplifting? Where do you start to combat dishonest employee activity?
In order to prevent theft you have to know where to start looking and the indicators that give thieves away. As we already noted there is no way to look at someone and know they will steal, be it an employee or a shoplifter. You may not know where to start but there is professional training to reduce employee theft and help prevent shoplifting. The Loss Prevention Experts at Loss Prevention Systems, Inc. have the training programs available to help you understand shoplifters, how they act and how to stop shoplifting within the walls of your establishment. Training is also available to assist you in recognizing dishonest employee behavior, what the true impact of employee theft is on your business and how to handle situations as they occur.
I know you are probably thinking it can’t be THAT hard to tell if someone is stealing and that if you saw a person shoplifting you would just go up and get your stuff back. Well, hold your horses because it might not be as simple as it sounds. First, there are state laws about what constitutes shoplifting and you have to be in compliance with those laws before you accuse someone of theft. Second, you don’t know who it is you are approaching or what their state of mind is. It is not uncommon for a shoplifter to have some type of criminal history, to have a drug addiction or go into fight or flight mode when stopped. Approach someone the wrong way or say the wrong thing and you may find yourself on the wrong end of fight mode. Loss Prevention Systems, Inc. training programs can give you the information you need to protect your store and improve profits, safely.
Employee theft is the other major reason for store merchandise shrinkage and profit loss. Your employees have more means open to them to steal from your business than the shoplifters. They have access to cash, credit cards, gift cards, time cards and obviously merchandise. They also have access to areas of your store that are off limits to your customers and shoplifters. Cleaning closets, employee lounges, employee restrooms, stock rooms and offices are all potential hiding places for the dishonest employee to do their dirty work. Have you ever thought to look for empty packages that may be hidden at the bottom of a trash can in the breakroom or employee restroom? No one wants to think their employees will steal from them but they rule of thumb in Loss Prevention when I first started in the career field was that roughly 1 in 10 employees will steal from your store. Employees can also cause a lot more damage over an extended period of time than a shoplifter. Shoplifters may hit hard on a single stop in your store, but employee theft can get you little chunks at a time over years!
Get the training you need to help you reduce shortage and improve the bottom line. Let Loss Prevention Systems, Inc. give you the knowledge that will help you counter dishonest employees and send shoplifters elsewhere.
Get more information on how to stop shoplifting, contact us or call 1.770.426.0547 today.
Thieves! Everyone knows how easy it is to identify them, right? A shoplifter obviously stands…uhmm…they all weigh…hmmm…obviously they are all between the ages of…errr…exactly! All shoplifters look exactly like I just described them and they all steal the same things and do it the same way. See, it isn’t so hard to stop shoplifting after all. How big an issue can it be anyways? Well, according to the 2014-2015 Global Retail Theft Barometer, shoplifting accounted for approximately 36% of total store shortage in North America. Did I catch your attention with that statistic? Nearly 40 percent of the merchandise that you cannot account for following inventory is due to shoplifters stealing from you. Additionally, employee theft accounts for another 45% of your losses! How do you stop shoplifting? Where do you start to combat dishonest employee activity?
In order to prevent theft you have to know where to start looking and the indicators that give thieves away. As we already noted there is no way to look at someone and know they will steal, be it an employee or a shoplifter. You may not know where to start but there is professional training to reduce employee theft and help prevent shoplifting. The Loss Prevention Experts at Loss Prevention Systems, Inc. have the training programs available to help you understand shoplifters, how they act and how to stop shoplifting within the walls of your establishment. Training is also available to assist you in recognizing dishonest employee behavior, what the true impact of employee theft is on your business and how to handle situations as they occur.
I know you are probably thinking it can’t be THAT hard to tell if someone is stealing and that if you saw a person shoplifting you would just go up and get your stuff back. Well, hold your horses because it might not be as simple as it sounds. First, there are state laws about what constitutes shoplifting and you have to be in compliance with those laws before you accuse someone of theft. Second, you don’t know who it is you are approaching or what their state of mind is. It is not uncommon for a shoplifter to have some type of criminal history, to have a drug addiction or go into fight or flight mode when stopped. Approach someone the wrong way or say the wrong thing and you may find yourself on the wrong end of fight mode. Loss Prevention Systems, Inc. training programs can give you the information you need to protect your store and improve profits, safely.
Employee theft is the other major reason for store merchandise shrinkage and profit loss. Your employees have more means open to them to steal from your business than the shoplifters. They have access to cash, credit cards, gift cards, time cards and obviously merchandise. They also have access to areas of your store that are off limits to your customers and shoplifters. Cleaning closets, employee lounges, employee restrooms, stock rooms and offices are all potential hiding places for the dishonest employee to do their dirty work. Have you ever thought to look for empty packages that may be hidden at the bottom of a trash can in the breakroom or employee restroom? No one wants to think their employees will steal from them but they rule of thumb in Loss Prevention when I first started in the career field was that roughly 1 in 10 employees will steal from your store. Employees can also cause a lot more damage over an extended period of time than a shoplifter. Shoplifters may hit hard on a single stop in your store, but employee theft can get you little chunks at a time over years!
Get the training you need to help you reduce shortage and improve the bottom line. Let Loss Prevention Systems, Inc. give you the knowledge that will help you counter dishonest employees and send shoplifters elsewhere.
Get more information on how to stop shoplifting, contact us or call 1.770.426.0547 today.
Employee Background Checks-4 WC blog 251
Pre-employment Screening-4
Great Staffs Will Come And Go; When They Go Make Sure Their Replacement Goes Through A Pre-employment Screening And Protect Your Company
I used to work in retail exclusively. I was a Loss Prevention Manager for nearly 14 years and a Logistics Manager for a year and a half. This does not include my prior experience as a Loss Prevention Associate for another five years. Now my retail work is on a part-time basis and I am a supervisor in a college library. While at first glance it may seem to be an odd transition, it really isn’t since a large part of my time in my former retail jobs and my library job involves supervision and hiring of staff. One of the things I have found to be consistent in almost any job is that when you think you have a full staff hired and trained, regardless of the job, you are bound to lose people and have to go through the hiring and training process again. People move on for various reasons, personal growth, pay, promotional opportunities, firings and a myriad of other possibilities. It is rare that a business or agency has little turnover in the ranks. In my current role, I help in hiring other staff but I have the primary responsibility of hiring student workers for my shift. I may hire a great group of workers, get them trained for a new year and inevitably during the course of the semester some will quit or leave. This means I have to do a search and hire replacements. I faced similar challenges in retail. You get a great team and then you lose people. That’s life. For retailers, the additional challenge when hiring is the risk that a new worker may pose. Will they work with a cash register? They certainly will be around merchandise no matter what job they are hired for. How do you make sure you are hiring someone you can trust? Do you use any type of pre-employment screening or employee background checks? If not, you could be subjecting your business to unnecessary risk.
Employee background checks provide an employer the information they need to be confident they are hiring the right person for a job. You may have a job application that asks applicants about prior employment history, references, whether they have been terminated from a position or have a criminal history but if you aren’t doing pre-employment screening you are taking the applicant’s word for the validity of the information they are providing you. I have first- hand experience seeing a job application and interviewing a candidate and then finding the results from employee background checks showing the applicant had neglected to include some information on the application. I have also seen where an applicant had been caught lying about not having a criminal record other than a misdemeanor offense. Screening applicants helps a manager filter out people that might be hired and do harm to the business.
In my job at the library, the college doesn’t do pre-employment screening on student workers but they do run checks for regular staff. Our staff are cleared to be able to work here because they are around young adults and at times they may be around children on tour groups or with families visiting the school. Our staff also work with money and personal information, again validating the need for knowing who it is that will be working on campus. A thorough background check may keep a business from putting other employees or even patrons at risk for harm.
Hopefully you have a great team of people surrounding you and taking pride in their jobs. Eventually someone on that team will move on and need replaced or better yet, your company expands and you need more assistance. When that time comes, make sure you hire the right person to fill that role make sure you get a company to do your pre-employment screening for you.
Get more information on pre-employment screening, contact us or call 1.770.426.0547 today.
I used to work in retail exclusively. I was a Loss Prevention Manager for nearly 14 years and a Logistics Manager for a year and a half. This does not include my prior experience as a Loss Prevention Associate for another five years. Now my retail work is on a part-time basis and I am a supervisor in a college library. While at first glance it may seem to be an odd transition, it really isn’t since a large part of my time in my former retail jobs and my library job involves supervision and hiring of staff. One of the things I have found to be consistent in almost any job is that when you think you have a full staff hired and trained, regardless of the job, you are bound to lose people and have to go through the hiring and training process again. People move on for various reasons, personal growth, pay, promotional opportunities, firings and a myriad of other possibilities. It is rare that a business or agency has little turnover in the ranks. In my current role, I help in hiring other staff but I have the primary responsibility of hiring student workers for my shift. I may hire a great group of workers, get them trained for a new year and inevitably during the course of the semester some will quit or leave. This means I have to do a search and hire replacements. I faced similar challenges in retail. You get a great team and then you lose people. That’s life. For retailers, the additional challenge when hiring is the risk that a new worker may pose. Will they work with a cash register? They certainly will be around merchandise no matter what job they are hired for. How do you make sure you are hiring someone you can trust? Do you use any type of pre-employment screening or employee background checks? If not, you could be subjecting your business to unnecessary risk.
Employee background checks provide an employer the information they need to be confident they are hiring the right person for a job. You may have a job application that asks applicants about prior employment history, references, whether they have been terminated from a position or have a criminal history but if you aren’t doing pre-employment screening you are taking the applicant’s word for the validity of the information they are providing you. I have first- hand experience seeing a job application and interviewing a candidate and then finding the results from employee background checks showing the applicant had neglected to include some information on the application. I have also seen where an applicant had been caught lying about not having a criminal record other than a misdemeanor offense. Screening applicants helps a manager filter out people that might be hired and do harm to the business.
In my job at the library, the college doesn’t do pre-employment screening on student workers but they do run checks for regular staff. Our staff are cleared to be able to work here because they are around young adults and at times they may be around children on tour groups or with families visiting the school. Our staff also work with money and personal information, again validating the need for knowing who it is that will be working on campus. A thorough background check may keep a business from putting other employees or even patrons at risk for harm.
Hopefully you have a great team of people surrounding you and taking pride in their jobs. Eventually someone on that team will move on and need replaced or better yet, your company expands and you need more assistance. When that time comes, make sure you hire the right person to fill that role make sure you get a company to do your pre-employment screening for you.
Get more information on pre-employment screening, contact us or call 1.770.426.0547 today.
Free Loss Prevention Calculator-3 WC Blog 257
Can Loss Prevention be Free?-4
Loss Prevention ROI Calculator-3
Purchasing A Checkpoint System Offers A Return On Investment; See How Much By Using The Free Loss Prevention Calculator
As a manager and trainer, I have invested a lot of time training employees so that they are successful. Whether I was training a Loss Prevention Associate how to properly conduct a surveillance of a suspected shoplifter or if I am training a student worker in the college library on the proper method of shelving books there is an expected return on investment, the investment of time spent training. With a Loss Prevention Associate I expected he or she would be able to identify a shoplifter, maintain proper surveillance through the store, use sound judgement in making an apprehension and not make a bad stop. I expect a student employee, when trained, to put books where they belong, in the proper order they belong in and straighten shelves as they work. The return on investment in the case of the Loss Prevention Associate is that merchandise is recovered, apprehensions are made, shortage stays low and there are no lawsuits because all stops were handled within company guidelines. A student employee that puts books away properly makes it easier for library patrons to find what they need quickly in order to write papers and conduct research. When it comes to Loss Prevention, specifically Checkpoint Security equipment, the Free Loss Prevention Calculator makes it possible to see what your return on investment would be if you invested in Loss Prevention equipment. In fact, after you use the Loss Prevention ROI Calculator you may ask, “Can Loss Prevention Be Free?”
The Free Loss Prevention Calculator is a tool designed to allow retail owners and managers see approximately what their shortage dollars would look like at an average of 1.2% shrinkage based on the annual sales of the store. It also shows what the shortage dollars would be if electronic article surveillance (EAS) protection was installed in the business. The calculated results are immediate and clearly show what the return on investment would be if a Checkpoint System were purchased. To go one better, the Loss Prevention ROI calculator also shows the user how long it would take for a system to pay for itself. You read that correctly. In answer to the question, “Can Loss Prevention Be Free?” in the long term yes, it can be free. By investing in a system the savings resulting from reduction in shortage, over time offsets the cost of a Loss Prevention System.
So to be clear, the Return On Investment from purchasing a Checkpoint Security EAS System would be reduced shortage due to theft, and a system that can eventually pay for itself. There is another benefit I have not addressed that impacts the Return On Investment, improved sales. Checkpoint Security has the anti-theft devices that protect merchandise while still leaving it available on the salesfloor. There is no longer a need to lock up everything in a stockroom or behind a display case. Customers can pick up items, examine them, carry them around the store in a shopping cart and store owners can feel confident that the anti-theft protections will prevent dishonest costumers from shoplifting. Customers who do not have to wait for assistance to have someone unlock a display case are much more likely to make a purchase. As this happens then sales go up. The Loss Prevention Calculator may not show you what your sales increase will be, but it will certainly let you see the difference in shortage. Remember, if people are stealing merchandise it isn’t available for the honest customers so sales are negatively impacted. Conversly, if merchandise is available because it isn’t being stolen because of a Checkpoint System, it will be sold to the honest consumers.
Can Loss Prevention be free? It sure can and the Loss prevention ROI Calculator can give you a good idea on how quickly it could pay for itself. Why wait around any longer deciding if it is worth spending the money. Use the Free Loss Prevention Calculator and see for yourself. No calls and no strings attached, what have you got to lose?
Get more information on Loss Prevention ROI Calculator. Contact us or call 1.899.426.0547
today.
As a manager and trainer, I have invested a lot of time training employees so that they are successful. Whether I was training a Loss Prevention Associate how to properly conduct a surveillance of a suspected shoplifter or if I am training a student worker in the college library on the proper method of shelving books there is an expected return on investment, the investment of time spent training. With a Loss Prevention Associate I expected he or she would be able to identify a shoplifter, maintain proper surveillance through the store, use sound judgement in making an apprehension and not make a bad stop. I expect a student employee, when trained, to put books where they belong, in the proper order they belong in and straighten shelves as they work. The return on investment in the case of the Loss Prevention Associate is that merchandise is recovered, apprehensions are made, shortage stays low and there are no lawsuits because all stops were handled within company guidelines. A student employee that puts books away properly makes it easier for library patrons to find what they need quickly in order to write papers and conduct research. When it comes to Loss Prevention, specifically Checkpoint Security equipment, the Free Loss Prevention Calculator makes it possible to see what your return on investment would be if you invested in Loss Prevention equipment. In fact, after you use the Loss Prevention ROI Calculator you may ask, “Can Loss Prevention Be Free?”
The Free Loss Prevention Calculator is a tool designed to allow retail owners and managers see approximately what their shortage dollars would look like at an average of 1.2% shrinkage based on the annual sales of the store. It also shows what the shortage dollars would be if electronic article surveillance (EAS) protection was installed in the business. The calculated results are immediate and clearly show what the return on investment would be if a Checkpoint System were purchased. To go one better, the Loss Prevention ROI calculator also shows the user how long it would take for a system to pay for itself. You read that correctly. In answer to the question, “Can Loss Prevention Be Free?” in the long term yes, it can be free. By investing in a system the savings resulting from reduction in shortage, over time offsets the cost of a Loss Prevention System.
So to be clear, the Return On Investment from purchasing a Checkpoint Security EAS System would be reduced shortage due to theft, and a system that can eventually pay for itself. There is another benefit I have not addressed that impacts the Return On Investment, improved sales. Checkpoint Security has the anti-theft devices that protect merchandise while still leaving it available on the salesfloor. There is no longer a need to lock up everything in a stockroom or behind a display case. Customers can pick up items, examine them, carry them around the store in a shopping cart and store owners can feel confident that the anti-theft protections will prevent dishonest costumers from shoplifting. Customers who do not have to wait for assistance to have someone unlock a display case are much more likely to make a purchase. As this happens then sales go up. The Loss Prevention Calculator may not show you what your sales increase will be, but it will certainly let you see the difference in shortage. Remember, if people are stealing merchandise it isn’t available for the honest customers so sales are negatively impacted. Conversly, if merchandise is available because it isn’t being stolen because of a Checkpoint System, it will be sold to the honest consumers.
Can Loss Prevention be free? It sure can and the Loss prevention ROI Calculator can give you a good idea on how quickly it could pay for itself. Why wait around any longer deciding if it is worth spending the money. Use the Free Loss Prevention Calculator and see for yourself. No calls and no strings attached, what have you got to lose?
Get more information on Loss Prevention ROI Calculator, contact us or call 1.899.426.0547today.
Bug Tag 2- 4 WC blog 296
i-pad Theft-3
Classic N10 -4
Home Medical Supply Stores Can Improve Service With i-pads And Tablets; Alpha Bug Tag 2 Provides Theft Protection For The Devices And Client Information
While I have no experience working in home medical supplier retail, I do have recent experiences in which I had to make some purchases from one home medical supply company. Not only did I have to provide personal information on the patient I was caring for and her medical information, I had to provide some of my own information. I noticed that the information was stored in a desktop computer along with old fashioned papers I had to fill out. One employee took care of paperwork, another employee seemed to be in charge of the inventory and inventory control process. I had three thoughts come to my mind while I waded through these transactions. First, why am I standing at a desk speaking to an office worker who is sitting at a computer workstation? Second, why am I filling out paper forms which could be lost, misplaced or even stolen? Third, inventory control would be so much easier for the inventory manager who appeared to be looking around trying to locate products? The entire process could have been more efficient if the business used i-pads or computer tablets to store client information, electronic forms and track inventory management. If they were to use tablets or i-pads, since these businesses are responsible for patient health information, it is important that client information is protected on mobile medical devices. The use of the Alpha Bug Tag 2 and Classic N10 electronic article surveillance antennas would be able to protect against tablet or i-pad theft.
What can the Alpha Bug Tag 2 do that would allow it to protect mobile medical devices? The tag has an adhesive back that allows it to be attached directly to the device. They have tapered sides to make tampering difficult for a would-be thief. For additional protection, the tag has a tamper alarm that activates if an attempt is made to pull it off. The anti-theft devices also have coils built in that send out radio frequency signals that can be picked up by electronic article surveillance antennas, like the Checkpoint Classic N10. If a signal is detected the antennas activate a loud warning alert and LED lights in the antenna flash. This alerts staff that someone is carrying a protected item out the door and employees can recover the property, preventing an i-pad theft. Patient and client information is thus protected from potential compromise by someone who would try to sell that information on the black market.
Home medical equipment sales are a growing segment of the healthcare market. According to a report on PR Newswire, “Global Home Medical Equipment Market Outlook: 2016-2022”, Oct. 18, 2016, “Increase in ageing population, growing incidence of chronic diseases, and rising healthcare expenditure are some of the key factors driving the growth of global home medical equipment market.” http://www.prnewswire.com/news-releases/global-home-medical-equipment-market-outlook-2016-2022-300347225.html
With the growth of these businesses, it is important to stay up to date with cutting edge technology to streamline processes and make tasks more efficient. The more companies that are out there, the more there will be fights for those medical supply dollars.
Finding ways to be faster and smarter requires innovation and bringing new technology into your business. The key is to bring in new technology without compromising patient data which can lead to significant fines from the Department of Health and Human Services. The Alpha Bug Tag 2 is your answer to the problem. The Classic N10 provides the other half of the solution when it is placed at building entrances and exits. This antenna has a small footprint, taking up little room in a doorway unlike most of the traditional EAS antennas. Despite this slimmer design, they pack a powerful punch with a detection field on par with larger models and an audible alarm that can’t be missed, by the criminal OR the staff.
I’m no expert in home medical supply sales, but I do know retail and theft prevention and I know how technology can improve efficiency and profitability. Upgrade to computer tablets and i-pads to enjoy the benefit of portable information at your fingertips. Use the Alpha Bug Tag 2 and Classic N10 antenna to prevent i-pad theft and the risk of client/patient information compromise.
Need information on Alpha Bug Tag 2? Give us a call at 1.770.426.0547 now.
While I have no experience working in home medical supplier retail, I do have recent experiences in which I had to make some purchases from one home medical supply company. Not only did I have to provide personal information on the patient I was caring for and her medical information, I had to provide some of my own information. I noticed that the information was stored in a desktop computer along with old fashioned papers I had to fill out. One employee took care of paperwork, another employee seemed to be in charge of the inventory and inventory control process. I had three thoughts come to my mind while I waded through these transactions. First, why am I standing at a desk speaking to an office worker who is sitting at a computer workstation? Second, why am I filling out paper forms which could be lost, misplaced or even stolen? Third, inventory control would be so much easier for the inventory manager who appeared to be looking around trying to locate products? The entire process could have been more efficient if the business used i-pads or computer tablets to store client information, electronic forms and track inventory management. If they were to use tablets or i-pads, since these businesses are responsible for patient health information, it is important that client information is protected on mobile medical devices. The use of the Alpha Bug Tag 2 and Classic N10 electronic article surveillance antennas would be able to protect against tablet or i-pad theft.
What can the Alpha Bug Tag 2 do that would allow it to protect mobile medical devices? The tag has an adhesive back that allows it to be attached directly to the device. They have tapered sides to make tampering difficult for a would-be thief. For additional protection, the tag has a tamper alarm that activates if an attempt is made to pull it off. The anti-theft devices also have coils built in that send out radio frequency signals that can be picked up by electronic article surveillance antennas, like the Checkpoint Classic N10. If a signal is detected the antennas activate a loud warning alert and LED lights in the antenna flash. This alerts staff that someone is carrying a protected item out the door and employees can recover the property, preventing an i-pad theft. Patient and client information is thus protected from potential compromise by someone who would try to sell that information on the black market.
Home medical equipment sales are a growing segment of the healthcare market. According to a report on PR Newswire, “Global Home Medical Equipment Market Outlook: 2016-2022”, Oct. 18, 2016, “Increase in ageing population, growing incidence of chronic diseases, and rising healthcare expenditure are some of the key factors driving the growth of global home medical equipment market.” http://www.prnewswire.com/news-releases/global-home-medical-equipment-market-outlook-2016-2022-300347225.html With the growth of these businesses, it is important to stay up to date with cutting edge technology to streamline processes and make tasks more efficient. The more companies that are out there, the more there will be fights for those medical supply dollars.
Finding ways to be faster and smarter requires innovation and bringing new technology into your business. The key is to bring in new technology without compromising patient data which can lead to significant fines from the Department of Health and Human Services. The Alpha Bug Tag 2 is your answer to the problem. The Classic N10 provides the other half of the solution when it is placed at building entrances and exits. This antenna has a small footprint, taking up little room in a doorway unlike most of the traditional EAS antennas. Despite this slimmer design, they pack a powerful punch with a detection field on par with larger models and an audible alarm that can’t be missed, by the criminal OR the staff.
I’m no expert in home medical supply sales, but I do know retail and theft prevention and I know how technology can improve efficiency and profitability. Upgrade to computer tablets and i-pads to enjoy the benefit of portable information at your fingertips. Use the Alpha Bug Tag 2 and Classic N10 antenna to prevent i-pad theft and the risk of client/patient information compromise.
Need information on Alpha Bug Tag 2? Give us a call at 1.770.426.0547 now.
