In a service-oriented society, retailers are faced with greater challenges other than the typical theft of goods. At SIS, we strive to take the time to observe the surroundings, gather Intel, formulate hypotheses, interview the current managerial staff, create a needs assessment, formulate a strategic plan, incorporate the current necessary staff with our planned security team and implement a strong prevention strategy for our client. We focus on protecting our client, preventing further loss, while deterring and eliminating the threat of any loss in the future.
Our extensive background in retail loss/asset prevention allows us to provide our clients with cost effective solutions to help prevent company shrinkages. We have programs specifically tailored to mitigate risk and add value to company’s current shrink reduction programs. Our goal is to help our clients achieve their goals by helping them reduce shrinkages and put money back onto their bottom line.
We understand the importance of ROI (return on investment) therefore, we are very efficient, effective and comprehensive and we exceed our own high standards. We assure you that we will work with you to devise a plan to suit your loss/assets prevention needs.
We worked closely with clients who were faced with challenges, clients that experienced consistent excessive shrinkage in a specific location(s). But because of our engagements, training and experience, we were able to recover millions of dollars for them.
The percentage of loss of products between manufacture and point of sale is referred to as shrinkage, or sometimes called shrink. The average shrink percentage in the retail industry is about 2% of sales. While that may sound low, shrinkage cost U.S. retailers over $34.5 billion in 2011 according to the National Retail Security Survey on retail theft.
Here are the four major sources of inventory shrinkage in retail:
- Internal Theft
- External Theft
- Operations/Administrative Errors
- Vendor Fraud
Inventory shrinkage is most often thought of as result of shoplifting, but that is not completely true. A large percentage of inventory losses are due to theft by a company’s own employees, through either theft, embezzlement, collusion with vendors, administrative errors, or vandalism. According to the latest figures from National Association of Shoplifting Prevention (NASP) as much as 45% percent of all theft from retailers is due in part to employees. There are a number of ways in which employers can take action to stop this $13 billion problem.
We have successfully provided protection solutions to any and all retail environments including, but not limited to:
- CCTV Monitoring
- Employees Package Inspections
- Special Police, if applicable
- Store Detectives
- Undercover Operations/Covert Surveillance
- Uniformed Armed/Unarmed Security
- Uniform Police Officer