[This article was written by Brooke Chaplan.]
Shoplifting and theft account for millions of dollars of lost revenue for businesses big and small throughout the country. As a retailer, it’s your job to take precautionary measures to help reduce the risk of this happening at your store. Here are four methods you can start employing today to reduce the number of shoplifting and theft incidents at your business.
Have A Real-Time Inventory Management System
Inventory management systems are a type of digital technology that allows retail stores the ease of tracking all of their products in real-time. By performing manual inventory assessments on a regular basis, you can easily track any discrepancies that result in inventory loss. This will reveal to you what products are most often stolen and in what quantities. These are going to be the biggest areas for you to work on. By having a real-time inventory management system in place, you will better be able to tell which of your products are in most danger, and from there, figure out how best to protect them.
Consider Manned Security
One method that has been used to decrease theft for many decades are security guards. Just having these authoritative figures positioned near your front door can deter criminal activity. They can also help to handle any situations of theft that your employees catch in-person. Manned security is always a great way to show customers that you care about their safety and the safety of your workers. Security guards can also protect larger stores in person or over video screens later at night.
Institute Anti-Theft Devices
Anti-theft devices have been popular for decades. They can be easily positioned on high-priced items and alert the store when a person is trying to walk through your doors without paying for the item first. These anti-theft devices should be placed on items that you deem of high value and any of the major items that you identified as regular items of theft with your inventory management system. By posting signs about these devices, you can further deter theft.
Preventing theft is all about alerting people that you have safety measures in place. Sometimes all you need to greatly deter theft is to place signs. Simple signage that states something like “Free Ride in A Police Car for Shoplifters” can help to show customers your stance on the matter in a clear fashion. You can pick these signs up at a local hardware store or online for a few bucks. They tend to be one of the cheapest options for theft deterrence. Pointing out security cameras, guards, and other anti-theft measures also helps to deter criminals.
Deterring criminals from shoplifting at your retail location should be a major priority for your business. If you implement the tactics above, you can greatly reduce your risk of shoplifting and theft. Realize that the more methods you use to deter criminals, the lower your inventory theft rate will be.
Brooke Chaplan is a freelance writer and blogger. She lives and works out of her home in Los Lunas, New Mexico. She recommends getting a security guard for your business.. For more information, contact Brooke via Facebook at facebook.com/brooke.chaplan or Twitter @BrookeChaplan