I just got bit by the clothing security tags epidemic. You know the one I’m talking about. It is the purchase that is made but the cashier wasn’t paying attention. It is the alarm tag that wasn’t removed and it set off the electronic article surveillance towers. What was even more irritating was I stood at the door to the place and no one came over or acknowledged me. Well one person acknowledged me, the guy sitting on the chair waiting for someone who was shopping. We both looked at each other and shrugged our shoulders and I left. That wasn’t the end of of my story there is more. But hey, I like cliff hangers so I will tell you the rest in a couple of minutes. Until then there is a little lesson you can already glean from what I have told you. Your cashiers HAVE to pay attention. When they are assisting at a register and a store uses Sensormatic tags on clothing it is critical that they are deactivating labels or removing tags. The customer service issues that occur when it is not done properly are a poor reflection on your business.
Those tiny little clothing security tags can create big problems. Sensormatic anti-theft devices are designed to protect merchandise from theft and they are extremely effective at it. They aren’t supposed to be a customer service distraction but that is what can happen if stores don’t train employees properly. The downside of tags is that they have to be removed when a customer makes a purchase. Electronic article surveillance labels don’t require removal at the register but they do need to be deactivated or they will also set off alarm pedestals. In order to make an anti-theft system truly effective, managers must train cashiers on the proper processing of merchandise. That means passing everything over a scan bed where a deactivation unit is usually housed and hand scanning merchandise as little as possible. It is just as important to devise a standard for tagging when it is done at the store. Like items should all be tagged in a prominent location that is positioned approximately the same on each piece. For example all jackets might have a clothing security tag placed in a seam near the cuff of the jacket. Pants may be tagged in a seam near the right hip. If this practice is followed cashiers are going to become accustomed to looking for the Sensormatic tags every time they ring a sale and that will avoid a lot of errors.
It may not seem like it should be that big a deal but let me tell you from my encounter it can be so let me finish my story. As I mentioned, no one checked on me after I set off the security alarm. I went home and presented my purchase to my wife. Well, it wasn’t exactly what she wanted so a bit later that day we took it back to the store for a refund. I walked back in and the alarm sounded…again. I just shook my head in irritation. I got to the return counter and handed the cashier my receipt. She then pulled the coat out and was looking to see if clothing security tags were still on it. She gave me the suspicious glance as she noticed the tag was still attached. Now I was a bit ticked because as a former Loss Prevention Manager I knew what she was thinking, “Yeah, this guy bought one and stole one.” Well, if she wasn’t thinking it I know it would have crossed my mind if I were in her position. I explained that the cashier had been talking to me during the transaction and was probably distracted and forgot to look for it. I told her I had not been approached when I exited the store. I don’t know if she believed me but if she didn’t it did not hinder my ability to get the refund. It may have also helped that I told her I only needed the item credited back to my card I was not looking for cash. Nothing else was mentioned about the tag but I can say there was some embarrassment on my part at the first alarm and irritation at the thought someone potentially thought I stole something.
Protecting your merchandise with Sensormatic tags is the smart move to make. You’ll reduce losses due to criminal activity and make your store much more profitable. What you need to understand is that those same tags can become a problem without proper training. Purchase a Sensormatic system from Loss Prevention Systems, Inc. and get the proper training while you are at it.
Sensormatic tags are important and we can help you with them. Call 1.770.426.0547 and let’s talk.
Customer Counting Device -4 WC Blog 708
Door Counting Sensor-4
Expand Your Business By Using A Door Counting Sensor
By using a customer counting device in the college library where I work we were able to use data we pulled to make a justification for purchasing new library chairs. In our building we have well over 300 students using the facility from about 10am until around midnight. During those “non-peak” hours we are still serving over 100 people. Even into the wee hours of the morning we will have 10 – 30 students before we hit finals week. At finals week we will go over 500 students in our library and stay around 100 all night. It is amazing how busy we stay as a library. For administration who may not understand what we mean when we say we are “busy” having hard numbers makes a difference. How you get those hard numbers can’t be a guessing game and our library has a dual method of collecting this data. First we have an employee that hourly walks the library and does a count with an iPad. The second method is a door counting sensor we have set up in three locations.
Understanding that there are some owners and managers who may not be all that familiar with what a customer counting device is I want to spend a little time talking about them. There are a variety of styles and models a manager can choose from in selecting a door counting sensor. There are free-standing counters, some that are some tied into video cameras but the one I would recommend is the one offered by Sensormatic. Stores already operating a Sensormatic electronic article surveillance system may have the towers that can have a sensor installed. The device can be integrated in many existing towers providing not only the security of retail theft prevention but also the accurate counts of the number of people entering and exiting your store. I like the double duty that this configuration provides for the business. You reduce shortage through theft reduction by using a Sensormatic system and in the process put money back to the profit line. The counting part gives you data that you can use to make your company even more profitable (I’ll explain shortly). The point I would like people to understand is that this is a much more efficient system than looking for any other solution to tracking store customer foot traffic.
I mentioned that our library used the data we have accumulated to upgrade and improve seating in our library. Of course we have to get buy-in from college administration for the expenditure of money and the numbers we provided were a critical piece of this effort. Store owners don’t necessarily have someone else to answer to for improvements but before money is spent there should be some justification for it. Let’s say you are considering a store expansion. It would only be reasonable to want to know if there is enough patronage for it to make sense. If the vision is, “build it and they will come” you might want to rethink your strategy. Hoping people will flock in and buy only because you add square footage is crazy. Now, if you have a customer counting device and can see that the patronage justifies that expansion then you have a solid reason to grow.
I would also mention that you might use a door counting sensor and find out that you have a LOT of people coming into the store but the numbers are not reflected in the sales receipts for the day. Now you have some digging to do to see if there is a reason people are compelled to walk into your store but then leave empty handed. Maybe you need to look at freshening up store displays or perhaps you have empty shelves that are not being filled. Customers won’t always ask for something if a shelf is empty, often they just walk out. Maybe you need to revisit the customer service provided by your employees. It may be they don’t know what great service really means.
You may not be adding chairs to a library but you are building a business and a customer counting device can give a lot of insight into how successful your store is. It may also help in identifying areas of opportunity for improvement. A door counting sensor will help improve your business, count on it!
Need information on a customer counting device? Give us a call at 1.770.426.0547 and let’s talk.
By using a customer counting device in the college library where I work we were able to use data we pulled to make a justification for purchasing new library chairs. In our building we have well over 300 students using the facility from about 10am until around midnight. During those “non-peak” hours we are still serving over 100 people. Even into the wee hours of the morning we will have 10 – 30 students before we hit finals week. At finals week we will go over 500 students in our library and stay around 100 all night. It is amazing how busy we stay as a library. For administration who may not understand what we mean when we say we are “busy” having hard numbers makes a difference. How you get those hard numbers can’t be a guessing game and our library has a dual method of collecting this data. First we have an employee that hourly walks the library and does a count with an iPad. The second method is a door counting sensor we have set up in three locations.
Understanding that there are some owners and managers who may not be all that familiar with what a customer counting device is I want to spend a little time talking about them. There are a variety of styles and models a manager can choose from in selecting a door counting sensor. There are free-standing counters, some that are some tied into video cameras but the one I would recommend is the one offered by Sensormatic. Stores already operating a Sensormatic electronic article surveillance system may have the towers that can have a sensor installed. The device can be integrated in many existing towers providing not only the security of retail theft prevention but also the accurate counts of the number of people entering and exiting your store. I like the double duty that this configuration provides for the business. You reduce shortage through theft reduction by using a Sensormatic system and in the process put money back to the profit line. The counting part gives you data that you can use to make your company even more profitable (I’ll explain shortly). The point I would like people to understand is that this is a much more efficient system than looking for any other solution to tracking store customer foot traffic.
I mentioned that our library used the data we have accumulated to upgrade and improve seating in our library. Of course we have to get buy-in from college administration for the expenditure of money and the numbers we provided were a critical piece of this effort. Store owners don’t necessarily have someone else to answer to for improvements but before money is spent there should be some justification for it. Let’s say you are considering a store expansion. It would only be reasonable to want to know if there is enough patronage for it to make sense. If the vision is, “build it and they will come” you might want to rethink your strategy. Hoping people will flock in and buy only because you add square footage is crazy. Now, if you have a customer counting device and can see that the patronage justifies that expansion then you have a solid reason to grow.
I would also mention that you might use a door counting sensor and find out that you have a LOT of people coming into the store but the numbers are not reflected in the sales receipts for the day. Now you have some digging to do to see if there is a reason people are compelled to walk into your store but then leave empty handed. Maybe you need to look at freshening up store displays or perhaps you have empty shelves that are not being filled. Customers won’t always ask for something if a shelf is empty, often they just walk out. Maybe you need to revisit the customer service provided by your employees. It may be they don’t know what great service really means.
You may not be adding chairs to a library but you are building a business and a customer counting device can give a lot of insight into how successful your store is. It may also help in identifying areas of opportunity for improvement. A door counting sensor will help improve your business, count on it!
Need information on a customer counting device? Give us a call at 1.770.426.0547 and let’s talk.
Loss Prevention ROI Calculator – 3 WC Blog 705
Loss Prevention Calculator -3
The Loss Prevention Calculator Shows How To Make Smart Investments
The Loss Prevention Calculator from Loss Prevention Systems, Inc. (LPSI) is a winning way to find out what the return on investment (ROI) would be for a Sensormatic security system. While the ROI for one thing may be great that doesn’t mean all investments will turn out the same. Here are a few examples where the ROI of investments were not only less than desirable, they were failures of epic proportion. From thinkadvisor.com – “8 Really Bad Investments That Lost a Bundle” by Dan Berman, May 07, 2013:
• Boo.com was an online apparel company that lost $188 million in a year and a half. “Almost one sixth of that money belonged to the wealthy Harari family…”
• Venture capitalists invested 35 million in Flooz.com an attempt at creating an online currency. “…despite retailers like Barnes and Noble and Starbucks agreeing to accept the currency, the idea flopped miserably.”
• In 1993 The New York Times spent 1.1 BILLION dollars to purchase the Boston Globe. The internet changed the news reporting industry and newspapers. “An attempt to sell the Globe in 2009 reportedly netted an offer of $59 million plus the assumption of pension obligations. Other newspapers that were part of the Globe chain were sold for $143 million in late 2011.”
Ouch, these investment choices certainly seem to have had a nasty sting to them. A Return On Investment should not be costly as these were. If you own a retail business you want to be careful on how you spend YOUR money. You have to have the assurance that there will be a positive return for your expenditures. One sure fire way to do this is to spend money on something that will pay back dividends. No, I’m not talking about buying stocks. Purchase a Loss Prevention system to prevent theft and reduce stock shortage. The Loss Prevention ROI Calculator is your safe way to see just how an investment will not only pay dividends but pay for itself as well.
Just how does the Loss Prevention Calculator work? You go to the LPSI website and find the link to their ROI Calculator. Once on the screen the user simply enters their estimated annual sales for their store and the amount they are considering spending on a Sensormatic security system. The Loss Prevention ROI Calculator tallies the figures and shows how much you would spend monthly to pay for a system. It also allows the user to see how long it would take for the investment to pay for itself through reduced shrink losses. THAT is an investment that makes sense!
There may be someone who is reading this and ready to reject it because they don’t want a sales person calling them or emailing to push a sale. I totally understand. That is why there is no registration, signing in, request for email or any other tracking used. When LPSI calls it a Free Loss Prevention Calculator they mean it. They are so sure of the effectiveness of electronic article surveillance systems they are confident you will make the right investment for your business. That is what LPSI is all about, helping retailers become more profitable through theft and shrinkage reduction.
Just to let you see that there have been other really bad investment choices that turned out poorly, here are a couple of more from franchisehelp.com, “20 Famous Athletes and Their Investment Blunders”:
• Rhagib Ismail a Notre Dame Football player and graduate, invested $300,000 in a “Hard Rock Café franchise/Planet Hollywood knockoff called Rock N’ Roll Café.” The venue was a failure.
• “(John) Elway and a co-investor committed $15 million to what turned out to be a ponzi scheme run by hedge fund manager Sean Mueller says the Denver Post”
• Scottie Pippin “(invested) in a private jet that took him under.” He is “…seeking restitution from a firm that he claims owes him at least $8 million after misguiding him on investments.”
There are so many more stories of investments that turned out badly for the investors. Some of the sports figures made considerable sums of money over the course of their careers and have gone bankrupt. You don’t have to make similar mistakes with your business.
Take some time looking at the Loss Prevention ROI Calculator and the LPSI website. Learn about the way a Sensormatic system can pay for itself over time. Also learn about the other ways LPSI can strengthen your company in ways you may never have considered previously. Let them help you start saving money today!
Need information on the Loss Prevention ROI Calculator? Give us a call at 1.770.426.0547 today.
The Loss Prevention Calculator from Loss Prevention Systems, Inc. (LPSI) is a winning way to find out what the return on investment (ROI) would be for a Sensormatic security system. While the ROI for one thing may be great that doesn’t mean all investments will turn out the same. Here are a few examples where the ROI of investments were not only less than desirable, they were failures of epic proportion. From thinkadvisor.com – “8 Really Bad Investments That Lost a Bundle” by Dan Berman, May 07, 2013:
• Boo.com was an online apparel company that lost $188 million in a year and a half. “Almost one sixth of that money belonged to the wealthy Harari family…”
• Venture capitalists invested 35 million in Flooz.com an attempt at creating an online currency. “…despite retailers like Barnes and Noble and Starbucks agreeing to accept the currency, the idea flopped miserably.”
• In 1993 The New York Times spent 1.1 BILLION dollars to purchase the Boston Globe. The internet changed the news reporting industry and newspapers. “An attempt to sell the Globe in 2009 reportedly netted an offer of $59 million plus the assumption of pension obligations. Other newspapers that were part of the Globe chain were sold for $143 million in late 2011.”
Ouch, these investment choices certainly seem to have had a nasty sting to them. A Return On Investment should not be costly as these were. If you own a retail business you want to be careful on how you spend YOUR money. You have to have the assurance that there will be a positive return for your expenditures. One sure fire way to do this is to spend money on something that will pay back dividends. No, I’m not talking about buying stocks. Purchase a Loss Prevention system to prevent theft and reduce stock shortage. The Loss Prevention ROI Calculator is your safe way to see just how an investment will not only pay dividends but pay for itself as well.
Just how does the Loss Prevention Calculator work? You go to the LPSI website and find the link to their ROI Calculator. Once on the screen the user simply enters their estimated annual sales for their store and the amount they are considering spending on a Sensormatic security system. The Loss Prevention ROI Calculator tallies the figures and shows how much you would spend monthly to pay for a system. It also allows the user to see how long it would take for the investment to pay for itself through reduced shrink losses. THAT is an investment that makes sense!
There may be someone who is reading this and ready to reject it because they don’t want a sales person calling them or emailing to push a sale. I totally understand. That is why there is no registration, signing in, request for email or any other tracking used. When LPSI calls it a Free Loss Prevention Calculator they mean it. They are so sure of the effectiveness of electronic article surveillance systems they are confident you will make the right investment for your business. That is what LPSI is all about, helping retailers become more profitable through theft and shrinkage reduction.
Just to let you see that there have been other really bad investment choices that turned out poorly, here are a couple of more from franchisehelp.com, “20 Famous Athletes and Their Investment Blunders”:
• Rhagib Ismail a Notre Dame Football player and graduate, invested $300,000 in a “Hard Rock Café franchise/Planet Hollywood knockoff called Rock N’ Roll Café.” The venue was a failure.
• “(John) Elway and a co-investor committed $15 million to what turned out to be a ponzi scheme run by hedge fund manager Sean Mueller says the Denver Post”
• Scottie Pippin “(invested) in a private jet that took him under.” He is “…seeking restitution from a firm that he claims owes him at least $8 million after misguiding him on investments.”There are so many more stories of investments that turned out badly for the investors. Some of the sports figures made considerable sums of money over the course of their careers and have gone bankrupt. You don’t have to make similar mistakes with your business.
Take some time looking at the Loss Prevention ROI Calculator and the LPSI website. Learn about the way a Sensormatic system can pay for itself over time. Also learn about the other ways LPSI can strengthen your company in ways you may never have considered previously. Let them help you start saving money today!
Need information on the Loss Prevention ROI Calculator? Give us a call at 1.770.426.0547 today.
Stop shoplifting-3 WC Blog 689
Sensormatic System – 3
Sensormatic Systems Remove Opportunity For Theft Part 2
In the first article we discussed how removing opportunity can stop shoplifting and employee theft. The article came about because of a story I read from Loss Prevention Magazine in which the author discussed this very topic. He made valid arguments about the expense of analytical data to try to determine methods for addressing theft and tracking potential opportunities for theft to occur. He then focused on one strategy for internal theft reduction which I did not take any issue with. I encourage you to read Part 1 of this series so you can find the story I am referencing, it could prove useful to business owners. I then discussed my perspective on data and analytics and how it can become a time consuming task to review all of the information and then make it actionable. Opportunity for employee theft starts in the hiring process and then in the building design and finally how operations of the store work. The author of the article I read would probably be in agreement with me about the employment part but he feels that the labor pool is becoming smaller to choose from with the economy improving.
The first solution to stop shoplifting and employee theft I proposed in Part 1 was the installation of new Sensormatic systems in stores. Not only do new electronic article surveillance towers at the entrance and exits of a store let potential thieves know you are serious about crime, they also let store workers know when an attempted theft is taking place. They don’t discriminate between employees and customers. Anyone trying to take merchandise out that is tagged will activate an alarm. These systems remove opportunity one of the key elements necessary for criminals who want to steal. In Part 1 I also told readers that the best source to go to for Sensormatic systems is Loss Prevention Systems, Inc. (LPSI). LPSI is a company that has been helping retailers with shrink management and theft reduction for over 30 years. They are well equipped to give advice on anti-theft equipment and other methods to curb theft. This leads me to another issue mentioned in the Loss Prevention Magazine article the writer’s argument about hiring being a factor that employers have little control over in terms of opportunity.
I don’t agree that as a “labor market continues to tighten there is little opportunity for retailers to take serious aim at losses from employee theft through more selective hiring” as posed by that author. I believe that the use of pre-employment screening and drug screening of applicants is still a viable option for retail owners and managers. Both of these tools are offered by LPSI as part of a larger strategy to reduce theft and shortage. A pre-employment screening is an opportunity to dig into verifying what an applicant has put on an application or in some cases finding out what was left off an application. There are a number of benefits in conducting background checks but the most important thing to know is it can reduce your chances of hiring criminals. An applicant drug screening helps minimize the chance of hiring a person who uses illegal substances who may take an opportunity to steal from your store to satisfy an addiction. Failing to screen for both of these opens an unnecessary opportunity for a crook to gain employment with your business. Combine the three, Sensormatic Systems, pre-employment background checks and drug screening and you have the makings of a truly impactful anti-theft strategy.
Give a thief an opportunity and he or she will take it and run. Whether you are trying to stop shoplifting or internal theft the tools are available to you to keep it out of your shop. LPSI has those tools and can also assess your business for you to see if there are any other opportunities that have been overlooked. Hire the right people, get the right equipment and hear the right advice and you will create new opportunities to grow your business.
Get more information on Sensormatic systems, contact us or call 1.770.426.0547 today.
In the first article we discussed how removing opportunity can stop shoplifting and employee theft. The article came about because of a story I read from Loss Prevention Magazine in which the author discussed this very topic. He made valid arguments about the expense of analytical data to try to determine methods for addressing theft and tracking potential opportunities for theft to occur. He then focused on one strategy for internal theft reduction which I did not take any issue with. I encourage you to read Part 1 of this series so you can find the story I am referencing, it could prove useful to business owners. I then discussed my perspective on data and analytics and how it can become a time consuming task to review all of the information and then make it actionable. Opportunity for employee theft starts in the hiring process and then in the building design and finally how operations of the store work. The author of the article I read would probably be in agreement with me about the employment part but he feels that the labor pool is becoming smaller to choose from with the economy improving.
The first solution to stop shoplifting and employee theft I proposed in Part 1 was the installation of new Sensormatic systems in stores. Not only do new electronic article surveillance towers at the entrance and exits of a store let potential thieves know you are serious about crime, they also let store workers know when an attempted theft is taking place. They don’t discriminate between employees and customers. Anyone trying to take merchandise out that is tagged will activate an alarm. These systems remove opportunity one of the key elements necessary for criminals who want to steal. In Part 1 I also told readers that the best source to go to for Sensormatic systems is Loss Prevention Systems, Inc. (LPSI). LPSI is a company that has been helping retailers with shrink management and theft reduction for over 30 years. They are well equipped to give advice on anti-theft equipment and other methods to curb theft. This leads me to another issue mentioned in the Loss Prevention Magazine article the writer’s argument about hiring being a factor that employers have little control over in terms of opportunity.
I don’t agree that as a “labor market continues to tighten there is little opportunity for retailers to take serious aim at losses from employee theft through more selective hiring” as posed by that author. I believe that the use of pre-employment screening and drug screening of applicants is still a viable option for retail owners and managers. Both of these tools are offered by LPSI as part of a larger strategy to reduce theft and shortage. A pre-employment screening is an opportunity to dig into verifying what an applicant has put on an application or in some cases finding out what was left off an application. There are a number of benefits in conducting background checks but the most important thing to know is it can reduce your chances of hiring criminals. An applicant drug screening helps minimize the chance of hiring a person who uses illegal substances who may take an opportunity to steal from your store to satisfy an addiction. Failing to screen for both of these opens an unnecessary opportunity for a crook to gain employment with your business. Combine the three, Sensormatic Systems, pre-employment background checks and drug screening and you have the makings of a truly impactful anti-theft strategy.
Give a thief an opportunity and he or she will take it and run. Whether you are trying to stop shoplifting or internal theft the tools are available to you to keep it out of your shop. LPSI has those tools and can also assess your business for you to see if there are any other opportunities that have been overlooked. Hire the right people, get the right equipment and hear the right advice and you will create new opportunities to grow your business.
Get more information on Sensormatic systems, contact us or call 1.770.426.0547 today.
Free Loss Prevention Calculator -3 WC Blog 700
Loss Prevention ROI Calculator – 3
Learn How Loss Prevention Pays For Itself With The Loss Prevention ROI Calculator
Is there a vehicle calculator comparable to the Free Loss Prevention Calculator? Unfortunately the answer seems to be a resounding no. I have been experiencing a number of car breakdowns recently so I started browsing car dealerships on the internet. I have been looking for a vehicle I can afford but it has been a fruitless effort so far. I look for transportation that will give me plenty of room for my family, comfort, decent mileage and of course a royal blue would make my wife very happy. Oh, I also want at least a couple of years left on the manufacturer’s warranty. Not too much to ask for in my mind, I know what I need/want in terms of reliability and travel requirements. As I find a car that seems to match my needs I use the dealership’s financing calculator to see that I am probably not going to be able to afford that vehicle. I think if that little chat box with a picture of a representative could see what I was doing rather than asking if it could help me, it would laugh and tell me to keep dreaming. So, I enter my information in their calculator and find that not only is the vehicle not going to pay for itself it would cost a LOT more than I can afford. Too bad those payment calculators aren’t like the Loss Prevention ROI Calculator.
Most of you are thinking I’ve lost my mind. How could I ever expect a vehicle to pay for itself over time that is a ludicrous idea? I would agree and I recognize that a car loses value over time and with use. What you would be surprised to learn as a retail manager or store owner is that a loss prevention security system from Sensormatic CAN pay for itself over time. It is an investment that will reduce your losses incurred from shoplifting and internal employee theft. Loss Prevention Systems, Inc. (LPSI) founder Bill Bregar has been a crusader against retail theft since he started his company in 1983. Relying on his military, educational and Loss Prevention experiences (he just happened to hold the Director of Loss Prevention position for several national retailers) he began helping retailers reduce shortage and improve profits. One indispensable tool in the Loss Prevention toolbox is an anti-theft system. Unfortunately many business owners hold the misconception that their store is too small to be able to install a system or it is beyond their budget. Bill wanted to be able to demonstrate that a system is within reach and created the Free Loss Prevention Calculator. With a quick visit to the LPSI website and a click of the “ROI Calc.” tab a store owner is taken to the calculator. No registering, no signing in simply enter the estimated annual sales of your store and how much you would want to invest in a Sensormatic system and the Loss Prevention ROI calculator figures your stores estimated shrink losses in dollars based on an average of 1.2%. It estimates the reduction in shortage from 1.2% to .65% a conservative estimate as some owners will see even better results. The monthly cost of the electronic article surveillance system is displayed but so is the best part, the estimated number of months it will take for the system to pay for itself!
You read that correctly, The Free Loss Prevention Calculator shows you how long it will take for a Sensormatic system to pay for itself in reduced shortage. After that it becomes profit! I don’t have that luxury with a car financing calculator. Nothing about that deal says I am going to start profiting from my investment. All I get is that I am going to pay out the ear for 5 or 6 years on something that is going to devalue over that span. Maybe these car dealers need to sell me an ice cream truck then they could use their own version of the Loss Prevention ROI Calculator and tell me how long before my truck profits me.
In conclusion I want to let store owners and managers know that while a Loss Prevention System is an important part of theft prevention it should be part of a more comprehensive theft prevention program. LPSI would be happy to take a look at your business and help assess risks and develop a strategy that will ensure you have an edge over your competition. Can Loss Prevention be free? You bet it can be and LPSI can show you how.
Get more information on the Free Loss Prevention Calculator, contact us or call 1.770.426.0547 today.
Is there a vehicle calculator comparable to the Free Loss Prevention Calculator? Unfortunately the answer seems to be a resounding no. I have been experiencing a number of car breakdowns recently so I started browsing car dealerships on the internet. I have been looking for a vehicle I can afford but it has been a fruitless effort so far. I look for transportation that will give me plenty of room for my family, comfort, decent mileage and of course a royal blue would make my wife very happy. Oh, I also want at least a couple of years left on the manufacturer’s warranty. Not too much to ask for in my mind, I know what I need/want in terms of reliability and travel requirements. As I find a car that seems to match my needs I use the dealership’s financing calculator to see that I am probably not going to be able to afford that vehicle. I think if that little chat box with a picture of a representative could see what I was doing rather than asking if it could help me, it would laugh and tell me to keep dreaming. So, I enter my information in their calculator and find that not only is the vehicle not going to pay for itself it would cost a LOT more than I can afford. Too bad those payment calculators aren’t like the Loss Prevention ROI Calculator.
Most of you are thinking I’ve lost my mind. How could I ever expect a vehicle to pay for itself over time that is a ludicrous idea? I would agree and I recognize that a car loses value over time and with use. What you would be surprised to learn as a retail manager or store owner is that a loss prevention security system from Sensormatic CAN pay for itself over time. It is an investment that will reduce your losses incurred from shoplifting and internal employee theft. Loss Prevention Systems, Inc. (LPSI) founder Bill Bregar has been a crusader against retail theft since he started his company in 1983. Relying on his military, educational and Loss Prevention experiences (he just happened to hold the Director of Loss Prevention position for several national retailers) he began helping retailers reduce shortage and improve profits. One indispensable tool in the Loss Prevention toolbox is an anti-theft system. Unfortunately many business owners hold the misconception that their store is too small to be able to install a system or it is beyond their budget. Bill wanted to be able to demonstrate that a system is within reach and created the Free Loss Prevention Calculator. With a quick visit to the LPSI website and a click of the “ROI Calc.” tab a store owner is taken to the calculator. No registering, no signing in simply enter the estimated annual sales of your store and how much you would want to invest in a Sensormatic system and the Loss Prevention ROI calculator figures your stores estimated shrink losses in dollars based on an average of 1.2%. It estimates the reduction in shortage from 1.2% to .65% a conservative estimate as some owners will see even better results. The monthly cost of the electronic article surveillance system is displayed but so is the best part, the estimated number of months it will take for the system to pay for itself!
You read that correctly, The Free Loss Prevention Calculator shows you how long it will take for a Sensormatic system to pay for itself in reduced shortage. After that it becomes profit! I don’t have that luxury with a car financing calculator. Nothing about that deal says I am going to start profiting from my investment. All I get is that I am going to pay out the ear for 5 or 6 years on something that is going to devalue over that span. Maybe these car dealers need to sell me an ice cream truck then they could use their own version of the Loss Prevention ROI Calculator and tell me how long before my truck profits me.
In conclusion I want to let store owners and managers know that while a Loss Prevention System is an important part of theft prevention it should be part of a more comprehensive theft prevention program. LPSI would be happy to take a look at your business and help assess risks and develop a strategy that will ensure you have an edge over your competition. Can Loss Prevention be free? You bet it can be and LPSI can show you how.
Get more information on the Free Loss Prevention Calculator, contact us or call 1.770.426.0547 today.
