Reduced Theft helps Loss Prevention and Instant ROI
Reduced Theft & Loss Prevention
Loss Prevention is a critical issue that store owners face. Retail crime costs hundreds of millions in the United States every year. Statistically, customer and employee theft account for most crimes.
With the influx of professional criminals, it may be difficult to spot a thief in action. There are many methods that thieves use to steal. Thieves can work by themselves or work as a team to further complicate and distract store employees. Thieves have skills and procedures they follow, making it difficult for untrained retail staff members.
Reduced Theft – Loss Prevention Methods
Below are some essential methods retailers should be aware of to deal with Loss Prevention.
Staff Awareness Training
Retail stores must ensure that all staff members get the appropriate training to identify thieves quickly. If a store has a security team, it should have a plan in place for any incidents. Using code words between colleagues is an easy way to notify one another. Security companies have extensive loss prevention knowledge and are the best experts to help retailers put a plan in place.
CCTV cameras are a great deterrent against thefts. Cameras do deter most thieves but not all. And unless the cameras are under constant monitoring, it may be too late by the time you notice the theft. But on the other hand, adequately located cameras can help put criminals behind bars if a case goes to court.
Internal Theft – Management Training
Some may not realize that Internal theft still accounts for a high percentage of retail loss. Management needs to have procedures in place to stop the possibility of employee theft. Bag checks on entering and leaving and even strategically placed staff lockers can mitigate theft from staff members. Experts such as Morgan Security can provide the necessary management training.
Retail Audits for Reduced Theft
Internal audits and operating procedures of product sales, billing, and paperwork can help management reveal issues that may have allowed thefts to occur.
With the proper employee and management Loss Prevention training, protocols, and tools in place, retail owners have an excellent chance of reducing theft and increasing their ROI.
Morgan Security – Loss Prevention Experts
Morgan Security’s retail security services are unparalleled and help reduce incidents of shoplifting, theft, and antisocial behavior. By providing Loss Prevention training and a cost-effective, sustainable, and highly effective service, our security services allow merchants to focus on their main priorities in keeping shoppers happy while growing sales. All of which is an excellent return on investment with minimized stock losses.
Morgan Security has an extensive background working in the retail sector and has a thorough knowledge of the needs and pressures of providing security services in this industry.
We develop a custom-made, bespoke strategy for our retail clients, whether they are small family stores, supermarkets, jewelry retailers, or large shopping centers.
Our security officers are licensed, thoroughly vetted, and undergo extensive background checks and training before working with our customers.
Take action against the criminal entity today. Call 1-(219) 477 – 8724 to book your free no-obligation retail store assessment or get the needed training in Loss Prevention.