Retail Loss Prevention - Explore New Technologies
29436
Business > Management
Jun 20, 2007
streditorial
Retail Loss Prevention - Explore New Technologies
Retail stores experience a substantial amount of loss every year. Retail loss prevention has become a hot topic in the boardroom and the back-room. Considering the current economy, consumers need lower prices and affordable goods in order to maintain their life-styles. Unfortunately, retail loss passes on to the consumer, as companies raise prices to keep up with the losses they are incurring. Various methods of loss prevention allow retailers to reduce "shrinkage," and increase profits, thereby benefiting both seller and buyer. Technology allows the business owner to view his or her precious merchandise with various scales of video and monitoring equipment, depending on their budgets. The implementation of this equipment has given many large and small businesses the ability to stand strong against retail loss, thereby allowing them to pass the savings along to the consumer. So how do you accomplish retail loss prevention and what steps can you take? A popular methodology used by businesses consists of employing closed circuit television to monitor both customers and employees. This type of setup typically allows the owner or manger to monitor the entire store from one command center. The cameras require mounting around the store and may take on the look of a store fixture or be completely viewable to the public, depending on whether the objective is catch the perpetrator in the act, or forestall the act itself. Technology provides many alternative ways for retailers and other businesses to protect their stores against both external and internal loss. Many companies show an interest in equipment that allows them to keep an eye on their products without infringing on the public's right to privacy. This would be an example of utilizing "plain-site" cameras; Privacy can't be infringed if there is no expectation of privacy. Money invested in the system is normally recovered quickly through the reduction of loss. Profits grow, resulting in price-to-value equalization. The security provider has demonstrated value to the retailer, who now has superior control inventory loss. Both employee theft and customer theft are minimized after implementation of a detailed prevention plan to eliminate retail loss. "Pin" camera placement in areas that view fitting rooms, bathroom facilities and other, more private, areas of the store including warehouses, have helped increase the apprehension of shoplifters and dishonest employees. Such systems also reduce the cost of fraudulent work injury claims. Retail loss prevention provides businesses of any size the ability to take control of the problem and limit theft to a level that doesn't endanger the business as a whole. Owners that wish to view their business from home, or an area outside of the store, can access the monitoring system by adding an additional screen at a secondary location, thus allowing remote monitoring. Another positive aspect for the business owner is that insurance companies take into account security systems of this type when setting premium rates. Just as with cars, increased security equates to lower premiums. It is manifest that a properly designed and monitored closed circuit television system provides many cost saving values, from reduction in insurance premiums to savings realized from the deterrence of "shrinkage" due to dishonest customers and employees.
For more information about CCTV Systems and Retail Loss Prevention Equipment, visit Shortage Control, Inc. at www.shortagecontrol.com.
send email to streditorial
Write a Review
Add to My Favorite
Refer it to Friend
Report Article
Other links owned by this user
I find that specialty foods easily surpass the traditional gifts and are some of the best gifts given or received for three reasons: they're unique, there's a wide range of choices, and they're tasty!
Category:
The bathroom is one of the most personal rooms in your home. A fresh look with new cabinet hardware or complete redo with construction - For great results, you should plan to your vision and budget.
Category:
Your growing small businesses must operate with lower overheads to survive in modern California, and one way to maintain your desired professional corporate image while cutting waste is to make use of shared office facilities in San Francisco.
Category:
Whether a consumer, a seller, but mostly as an employer, how you source or locate what you buy is as important as the item that you purchase.
Category:
The term "shipping case" encompasses all types of bags, boxes, totes, barrels, ISO containers, crates, trunks, and other vessels used for transporting materials from one place to another.
Category:
Home gardening is tricky business. Do you ever wonder how you can get your garden to look like those in popular home-and-garden magazines?
Category:
Expansion joints are designed just for your individual needs. Either metal bellows or sliding expansion joints are used in a wide range of situations with each installation designed to hold up to extremes of pressure temperature and sometimes even traffic
Category:
In any kind of kitchen, personal or professional, the best cooking depends on the equipment you have. To make the most of your meals, you should think about upgrading your appliances.
Category:
Years ago retail loss prevention consisted primarily of employing mirrors to monitor hard to see areas of the store, and hiring individuals to walk through the store looking for suspicious behavior. Technology has now provided a far more cost efficient wa
Category:
Part of the oft-quoted definition of "Success" notes that "To leave the world a bit better, whether by a healthy child, a garden patch or a redeemed social condition... this is to have succeeded." Help you gardener succeed with gardening gifts. He or she
Category:
If you are tired of your old bathroom and do not have the time or energy for a full remodeling, try a simple face lift. Changing your door and cabinet hardware is a quick and easy way to renew your bathroom.
Category:
I'm sold. That is the look you want to see or feeling you want to get from someone after they view your work. Whether it's an end of year stock performance portfolio, a fundraising cookbook for your church, or your final composition for your literature co
Category:
Some business professionals work on the move. If you are one of these, you know that full time office space is impractical. In this age of technology, however, virtual office space provides an affordable option.
Category:
Recently, you might have heard that a good text messaging pager is better than a cell phone. This all depends on what you plan on using it for. This article looks at some of the advantages two way pagers have over cell phones.
Category:
Don?t panic. Whether you are creating Crepe au Crab, cooking red-hot chili, flaming burgers and dogs, frenching fries, cottoning candy, trying to say ?Belgian Waffle,? in Dutch, or creating the newest roadside attraction, the perfect concession equipment
Category:
Every season is a sports season in America from football to horse racing. Having tickets to the game lets you be part of the action. Premium seating tickets get you closer.
Category:
How do I find you, how do I find out where you are, and how fast can I talk to you?
Category:
Tracking inventory is a chore for any business. Thankfully, with the use of bar code labels it can be a lot easier than you might think. Adhesive labels can be attached to your inventory and then scanned in and out as needed.
Category:
In our attempts to go green, many of us are trying to make small steps first. Getting eco-friendly appliances for your home or business kitchen goes a long way to saving your money and your world.
Category:
Retail loss prevention is vital to the success of your retail business. Shoplifters cause retailers billions of dollars in retail losses each year. Employee theft is equally insidious contributing to losses in inventory or cash. Robbery and vandalism can
Category:
Other links at Business > Management
Business coaching has long been a career that operates in the shadows. Business coaches are the Navy SEALs of the business world, secretly operating in the backgrounds and guiding senior management cloaked in anonymity.
Category:
When you are faced with unexpected life challenges, you need to have strategies for keeping your business thriving. Here are five tips for managing your work away from your office.
Category:
Business coaching has evolved over the years, owing to the changing demands around the world. Business coaching has opened a myriad of opportunities to people aspiring to pursue a self-motivated career.
Category:
For those just beginning a home based business, whether working from or in the home, one of the last things usually considered in the beginning is decorating their office.
Category:
Are you having trouble getting a committee in your company to create a branding strategy for you? Do you find it a complicated task to come up with effective branding tactics? Does your existing branding campaign fall short of your expectations? Are you a
Category:
Site Sponsor
Directory Statistics
Articles: 68309
Categories: 501
Yahoo Entertainment
