Shoplifting
35.8% of annual losses due to shrinkage are attributed to shoplifting. The #1 reason for shoplifting is that it's easy and there's little or no risk involved.
- Install convex mirrors that allow employees to easily observe all corners and aisles.
- Have only one entrance and one exit to your business.
- Keep expensive merchandise inside locked cases.
- Use electronic tags that can't be removed by a non-employee without damaging the merchandise.
- Install security cameras in plain view.
Robbery
In the U.S. alone, a commercial robbery is committed every four minutes. That's more than 100,000 robberies each year.
- Be sure you have adequate lighting both inside and outside your business.
- Exterior lighting should illuminate dark areas around your building and parking lots.
- Interior lighting should be adequate enough to allow people outside your business to see people inside.
- Place a fence or hedge around your building to discourage robbers by presenting a significant hindrance to getting away.
- Place security signs and stickers on points of entry to serve as deterrents.
- Install silent alarms to notify police and give them a better chance to catch perpetrators.
- Install some form of cash register protection.
- Install security cameras, which not only serve as a strong deterrent, but help with identifying a robber after the crime has been committed.
- Utilize a safe with a drop mechanism that allows you to make periodic drops during the day to minimize the amount of cash in your registers.
- Always drop large bills immediately and publicize this to discourage potential robbers.
Other Threats
Liability - More and more, businesses need to protect against lawsuits and false insurance claims brought by customers as well as employees.
Vendor Theft - Delivery shortages are very common. Have your employees count every item delivered.
Employee Productivity - Otherwise honest employees stole $160 billion last year by wasting time on the job.
Poor Customer Service - The average customer service incident results in the loss of a minimum of 10 customers.
Fraud - Customers are less likely to commit credit card and merchandise return fraud when there is an obvious video surveillance system in place.
Additional Information...
To help you learn about specific types of loss, Genext also offers on-site risk assessments to all of its small business customers. If you're interested in an on-site risk assessment, contact your local Genext representative toll free at 1.866.588.6329, in the Greater Wenatchee Area dial 884.7791 or visit our commercial security web site at
http://www.genext.net/security
Information provided by The Peter Berlin Report on Shrinkage Control – Store Managers Edition. The Peter Berlin Retail Consulting Group, Inc.