Retail Loss Prevention and Auditing
Let us show you how. With a culture of vigilance and preparedness
businesses can mitigate risks.
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Retail theft, encompassing both internal (29%) and external (37%) theft, continues to dominate retail shrinkage statistics per 2024 stats. Shrinkage averages are up to 1.7% of gross sales in average North-American retailers. Extant consults and audits with smaller businesses and box chains for shrinkage analysis.
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Loss prevention policies and procedures are designed to minimize theft, fraud, vandalism, and corporate waste.
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Technology is key to reducing shrink. Physical security (key controls, locks, alarms, register (POS) keys, ID’s, pass-codes, high risk transactions, cash handling, cash audit procedures, monthly shortages and overages, inventory controls, staff hot-lines, internal loss prevention, preventive measures with criminal backgrounds, internal policies, a well-managed program ties into the bottom-line performance. Preventing shrinkage is a team effort.
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Compliance means that everyone’s input counts. The fact is that there is a direct correlation between audit performance and inventory shrink results.
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Let us show you your scorecard and how to improve your bottom line by training your team.