Embed regular tidying and stock organization tasks into your everyday practices, and even more so during busy retail periods such as Christmas, Thanksgiving, and Black Friday. Install Exterior Security Measures. There was a problem connecting. Make sure that you can easily see all parts of the store. In this article, we go through 10 loss prevention tips to help businesses prevent shoplifting. You will also receive an email with your download. Choosing the best applicant tracking system is crucial to having a smooth recruitment process that saves you time and money. Locks and Padlocks. Easily save this report to your computer or print it using the link below. The Motley Fool owns shares of and recommends Smartsheet. Source: Smartsheet Software. the resumption of your activities. An effective theft prevention plan can help you identify risks and improve security. Easily save this report to your computer or print it at any time. It’s also important to eliminate any blind spots in the store. Implement these 10 strategies to ensure your retail business thrives. Our full review breaks down features, customer support, pricing, and other aspects of this platform. Enter your email below to access our (no-strings-attached) free report, "The Ultimate SMB Guide to Building High-Performing Virtual Teams.". That’s why our editorial opinions and reviews are ours alone and aren’t inspired, endorsed, or sponsored by an advertiser. See how your choices perform when evaluated side-by-side. Attentive and helpful employees can deter shoplifters. Please try again. Info entrepreneurs reçoit le soutien financier de développement économique Canada Not sure how to use a particular tool in your software solution? These signs usually inform people of installed cameras, whether the store is part of a local anti-theft group, and that shoplifters can expect to be prosecuted. Find out what you need to look for in a retail management solution. Compensation may impact where products are placed on our site, but editorial opinions, scores, and reviews are independent from the advertising side of The Blueprint and our objectivity is an integral part of who we are. Below, we go through 10 loss prevention tips to help you limit shoplifting in your retail store. Inventory shrinkage due to shoplifting, errors, and fraud cost retailers around $46.8 billion in 2018, so preventing shoplifting is at the top of any retailer's mind. Shoplifters are constantly coming up with new ways to thieve without getting caught. Making sure products are constantly pulled forward on shelves, for example, makes it easier for staff to notice missing quantities of items, and makes it more difficult for thieves to inconspicuously swipe items from fully-stocked shelves. There was an error signing up. CCTV cameras aren’t just effective inside your business, they can … CRM software helps businesses manage, track, and improve all aspects of their customer relationships. Installing surveillance cameras can also reduce your insurance premiums in some cases. Our physical offices are closed, but our advisers remain at your disposal to help you plan All rights reserved. Your average shoplifter won’t target items such as expensive jewelry or large electronics, instead targeting small, easily swipeable products that are easy to conceal. to tell us what business problems you’re facing today? There are steps you can take to protect your assets and minimize opportunities for both internal and external theft. External theft is committed by someone outside your business. Inventory management features found in retail POS systems help retailers track inventory and spot shrinkage patterns. That's why we've created this ultra-timely 19-page report on what you should be doing now to set your virtual team up to win. Looking for a different set of features or lower price point? A content management system (CMS) software allows you to publish content, create a user-friendly web experience, and manage your audience lifecycle. All outside and security doors should be of solid construction, metal lined and secured with heavy metal crossbars. You must first be logged in to save this document. Use our research library below to get actionable, first-hand advice. Use inventory management tools to identify your most expensive inventory, and work out a plan to protect these items. The right product depends on who you are and what you need – but regardless, you want the best. Bonding insurance is an agreement that guarantees repayment of losses resulting from the actions of an employee. One of the easiest and cheapest ways to prevent shoplifting is by leveraging your customer service practices. By continuing to use this website, you agree to our Privacy Policy and the use of cookies to offer you content and services tailored to your interests. Every dollar makes a difference, and you can save more of them by taking ALL the tax deductions available to your business. Thank you for signing up. The Motley Fool has a Disclosure Policy. The address of this page is: Tips for preventing external theft: Provide excellent customer service. Many retailers use mirrors to improve staff visibility of the store floor. It’s a good idea to make your deposits during the day and vary the time and the route you take to get to the bank. Attentive and helpful employees can deter shoplifters. It includes a very wide variety of applications focused on sales, marketing and customer service. Security camera systems have a threefold purpose: they act as a deterrent to shoplifters; they allow staff to monitor the whole store and people who might be acting suspiciously; and if shoplifters do steal, there will be evidence identifying them to help with prosecution.

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