When it comes to designing a loss prevention strategy, how do you know when the program becomes too expensive for your projected return on investment? With so many different variables, it can be a daunting task to determine how much of a Checkpoint Security System will pay for itself over time, and how much will be a negative impact.
The best place to start is to determine which kinds of components will be most beneficial to your locations, and what kind of staffing will be required to fully utilizes and optimize those components.
Starting at the most basic point and working up will help keep things clearer when evaluating how inclusive of a Checkpoint Security System you will need. Begin with Checkpoint Labels and Checkpoint Tags.
Determine which merchandise will need an EAS device, and if it is more suited for Checkpoint Labels or Checkpoint Tags. Soft lines like clothing and accessories do better with the Checkpoint Tags, where as hard line merchandise is better paired with the Checkpoint Labels.
Next determine if your in store employees will need to apply these EAS devices, or if your vendors can source tag your merchandise for a fraction of the cost.
Once you have your devices in place, work up to the next level- Cameras and recording devices. While these two items can be very beneficial as a deterrent and a safety measure, they can also provide an added expense. Will you need to train someone to use the camera system in store, and if so, who? Will you be the only one who can access the system and recordings? What kinds of pressure will that put on your schedule?
For high theft areas, or even high-end retailers, most customers expect you to have a camera system; not having one would mar your customer’s expectations. In this situation, a Checkpoint Security System is not about a return on investment, but as the price of admission for your customer base.