Why Loss Prevention Technologies Is Vital For Store Design and style
Retail shrinkage is the premier profit killer accountable for the demise of most retail companies. Shrinkage is just about 3 instances the typical retailer profit margin consequently it is imperative that the industry employs just about every tool needed to minimise the effect of shrinkage. The use of technology has been confirmed an powerful tool against shrinkage.
As shoplifters and dishonest employees get smarter, it is incumbent upon retailers to employ effective handle measures. There are two control measures, that when made use of properly, can minimise retail shrinkage: the appropriate policies and procedures and loss prevention (lp) technology.
The most powerful way of using lp technologies to raise profit is by designing the technologies into the retailer design and style blueprint. Failure to style lp technology into the shop style blueprint has been accountable for the ineffectiveness of most retail lp technologies.
The Most Commonly Employed Retail Loss Prevention Technologies
There is a wide wide variety of retail loss prevention technologies obtainable, the most common of which is CCTV. CCTV can be integrated into practically all such technologies to improve their effectiveness.
The most generally utilized retail lp technologies are:
• CCTV
• Point of Sale (POS)
• Exception Based Reporting Technique (EBR)
• Radio Frequency Identification (RFID)
• Electronic Articles Surveillance (EAS)
How to Incorporate Loss Prevention Technology in Your Retail Shop Design Blueprint:
The use of technology following a retail shop has been designed will not produce the desired outcome, technologies will have to be incorporated into the shop design and style blueprint in order to make it productive.
In order to realize this you will have to have to do the following:
• Take into account your target market place.
• Determine the level of protection needed.
• Specify the objective of the technologies.
• Seek advice from lp department.
Actions for Incorporating LP Technologies into Your Shop Design and style Blueprint:
Stick to the actions below when planning your retail retailer design and style blueprint.
1. Choose on your target market place: this will enable you to establish the level of safety required.
two. Consultant the loss prevention department (if your organisation has 1) to solicit their input into the design as they will be conscious of the numerous regions that have to have guarding
three. Hire the solutions of a loss prevention consultant (if your organisation does not have a loss prevention department)
4. retail technology trends out the functionality of every chosen lp technology prior to investment. Every single technologies will have to serve a objective inside your store.