Inventory Shrinkage ALERT- How To Avert It With Security Cams

Retail thievery has definitely increased in the last half-a-decade or so. Now, it has grown into something very serious, and the worst part of it is that they don't always occur from any exte al source, shoplifting or from any organised crime.

Don't flip, but a majority of retail inventory shrinkage occurs due to employee pilferage.

As Per Statistics:

• Approximately 5% of inventory shrinkages happen due to organised retail crime and shoplifting.

• What's even more shocking is 30% of it takes place due to internal employee conflict.

• Perhaps the most woeful statistic is that around 75% of all employees commit this miscreant at least once in their whole life. And, about 75% of all these employee crimes go unnoticed.

When Does It Happen Most?

The most prevalent (and inevitable) time of inventory shrinkage is during the holiday season. Even statistics show that during the phase betwee Black Friday and X Mas eve, businesses have experienced a whopping 37% drop in their annual inventory- (the root of the issue expectedly being employee thievery and shoplifting).

During these times, most retail (and even wholesale suppliers) are packed with buyers and staff working together to keep those shelves stocked up and manning every checkout lane. Thus, it can be daunting to keep an eye on every stock/inventory in the store along with every 'John' either assisting the buyers or buying it themselves.

Reducing Shrinkage Occurrences With Security Cameras:

To manage this unethical or illegal activity at retail stores (and elsewhere), many businessmen resort to security cameras to prevent such massive loss. One can adopt this approach too at their retail set-up to catch the wrongdoer red-handed!

Here's listing out a few ways:

• Never hide those cameras. Thieves are smart and maintain extreme caution. They don't prefer being watched, and when they know, they're less likely to go ahead with their plan. Keeping this in mind, install quality cameras outside entrances, changing rooms and in any area having costly items. Furthermore, also arrange of warning signs in entrances, insides and exits of fitting rooms and others.

Contact a quality security camera supplier in Wollongong and request for the latest quality alarm systems,CCTV cams as well as other loss prevention solutions. Try and have feeds monitored whenever feasible.

• Banish employee thievery and shoplifters by displaying security cameras prominently. Install them in high trafficked, and inconspicuous areas where these crooks become emboldened for looting the inventory.

Employee theft can happen anywhere in the store. Be it at the sales floor, other employee's work desk, even from the cash drawer. So identify the perpetrators; one should place security surveillance cameras to watch cash drawers, regulate activity on the sales floor and even check the employee's work desk/cabin.

• One can even appoint experienced security monitoring guards to regularly review the CCTV footage. However, do not allow the regular employees free or unauthorised access to the security room to avert ruining or deletion of the incriminating footage.

• Using live security camera feeds; one can even improve their cross docking coordination. This is more relevant at warehousing facilities where large-scale inventory unloading is done from one truck to another railroad car (or even vice-versa). With the use of live footage; one can investigate the breakdowns in cross-docking coordination which results in a lot of issues.

Ending statement:

With the help of quality security camera set-ups in Shellharbour; one can see what's happening in the retail store/warehouse facility round the clock. It is an easy and budget-friendly solution to curb inventory shrinkage occurrences and substantially improve one's bottom supply line.

To know more about the right security solutions, arrange for a long-constructive discussion with a notable security service provider.