Can Loss Prevention be free? – 3 WC blog 253
Loss Prevention ROI calculator-4
Free Loss Prevention Calculator-3
The Free Loss Prevention ROI Calculator Shows The Upside Of Investing In Loss Prevention To Bring Down Shortage
I have worked in the retail business for a long time and I have seen the challenges that store managers and owners face in trying to make a profit. Some have tried reducing payroll to save money, stretching the employees as much as possible and pushing for more productivity. Large retailers use different measuring tools to try to assess this measurement. Cashier scorecards, backroom employee diagnostic measures, salesfloor call button response times and customer satisfaction surveys just to name a few. When I worked as a Loss Prevention Officer for one department store, we joked that a competitor store anchoring the other end of the mall was having a poor sales quarter when the Loss Prevention staff was cut. I am aware of one company that has reduced the number of replenishment trucks it sends each week to its stores, but the pallets of freight have been increased for each load sent. My point to all of this is that each time a decision is made or a new strategy is implemented there is an expected Return On Investment. Small businesses have even more difficult decisions to make because they don’t have the financial resources to invest like the big box stores. What if investing in a strategy would pay for itself in the long run and cost nothing, would that entice you to buy in to it? Can Loss Prevention be free? The Loss Prevention ROI Calculator can answer that question and the results may be pleasantly surprising to you.
The Loss Prevention ROI calculator allows a user to enter their annual sales dollars and a dollar amount for the investment they are willing to make in Checkpoint equipment. Based on an estimated shortage rate of 1.2% which is about average for most stores, and an estimated reduction in shrinkage to .65% the calculator shows the estimated number of months it would take for a Checkpoint system to pay for itself. Can Loss Prevention be free? Over time it can be free by the amount of money a store will save in shortage reduction. I also know that any business person worth their salt is also going to want to know what it is going to cost to use the Loss Prevention ROI calculator. Did I mention it is a Free Loss Prevention Calculator? No, I suppose I did fail to mention it. There is absolutely no cost to use the Free Loss Prevention Calculator. Users are welcome to go to the website, enter as many variations and estimates as they want and spend zero dollars to do so. Are you required to enter an email address first, register, sign in, leave a phone contact? There is no risk or follow up, no signing in or signing up, simply go to the site and use the Loss Prevention ROI calculator, no catch. When you see it is worth the investment, there is contact information YOU may use to get additional information.
You may be wondering if investing in Loss Prevention does make a difference. Can it really save you money? Let me give you an example to show it does make a difference. According to the 2014-2015 Global Retail Theft Barometer, in North America Apparel Specialist Retailers reduced spending on Loss Prevention as a % of Total Sales from .39% in 2013-2014 to .24% in 2014-2015 (pg. 57). What happened to their shortage? It increased from .60% in 2013-2014 to 2.28% in 2014-2015 (pg. 52). Investing in Loss Prevention DOES make a difference, the numbers tell the story.
Can Loss Prevention be free? Yes, it can over time. Reduce your shrinkage by purchasing a Checkpoint System. The Free Loss Prevention Calculator is easy to use and will help you see that this is one decision that does not need to be hard to make. The Return On Investment is clear and will improve your bottom line.
The Loss Prevention ROI Calculator is important and we can help you with it. Call 1.770.426.0547 and let’s talk.
I have worked in the retail business for a long time and I have seen the challenges that store managers and owners face in trying to make a profit. Some have tried reducing payroll to save money, stretching the employees as much as possible and pushing for more productivity. Large retailers use different measuring tools to try to assess this measurement. Cashier scorecards, backroom employee diagnostic measures, salesfloor call button response times and customer satisfaction surveys just to name a few. When I worked as a Loss Prevention Officer for one department store, we joked that a competitor store anchoring the other end of the mall was having a poor sales quarter when the Loss Prevention staff was cut. I am aware of one company that has reduced the number of replenishment trucks it sends each week to its stores, but the pallets of freight have been increased for each load sent. My point to all of this is that each time a decision is made or a new strategy is implemented there is an expected Return On Investment. Small businesses have even more difficult decisions to make because they don’t have the financial resources to invest like the big box stores. What if investing in a strategy would pay for itself in the long run and cost nothing, would that entice you to buy in to it? Can Loss Prevention be free? The Loss Prevention ROI Calculator can answer that question and the results may be pleasantly surprising to you.
The Loss Prevention ROI calculator allows a user to enter their annual sales dollars and a dollar amount for the investment they are willing to make in Checkpoint equipment. Based on an estimated shortage rate of 1.2% which is about average for most stores, and an estimated reduction in shrinkage to .65% the calculator shows the estimated number of months it would take for a Checkpoint system to pay for itself. Can Loss Prevention be free? Over time it can be free by the amount of money a store will save in shortage reduction. I also know that any business person worth their salt is also going to want to know what it is going to cost to use the Loss Prevention ROI calculator. Did I mention it is a Free Loss Prevention Calculator? No, I suppose I did fail to mention it. There is absolutely no cost to use the Free Loss Prevention Calculator. Users are welcome to go to the website, enter as many variations and estimates as they want and spend zero dollars to do so. Are you required to enter an email address first, register, sign in, leave a phone contact? There is no risk or follow up, no signing in or signing up, simply go to the site and use the Loss Prevention ROI calculator, no catch. When you see it is worth the investment, there is contact information YOU may use to get additional information.
You may be wondering if investing in Loss Prevention does make a difference. Can it really save you money? Let me give you an example to show it does make a difference. According to the 2014-2015 Global Retail Theft Barometer, in North America Apparel Specialist Retailers reduced spending on Loss Prevention as a % of Total Sales from .39% in 2013-2014 to .24% in 2014-2015 (pg. 57). What happened to their shortage? It increased from .60% in 2013-2014 to 2.28% in 2014-2015 (pg. 52). Investing in Loss Prevention DOES make a difference, the numbers tell the story.
Can Loss Prevention be free? Yes, it can over time. Reduce your shrinkage by purchasing a Checkpoint System. The Free Loss Prevention Calculator is easy to use and will help you see that this is one decision that does not need to be hard to make. The Return On Investment is clear and will improve your bottom line.
The Loss Prevention ROI Calculator is important and we can help you with it. Call 1.770.426.0547 and let’s talk.
