Some businesses just don’t grow like others and the reason are not immediately obvious .
The Directors/ managers appear to be doing all the right things but the dollar return just simply isn’t there or growth.
The stunted growth of this business may be due to any one of many factors
1. Employee Theft
Companies spend Hundreds and thousands of dollars on anti shoplifting devices but they do not screen employees.
Employees are not limited to taking items there are many ways in which loss occurs and by being aware of the various ways that employees contribute to shrinkage will give an insight to the requirements for procedures and policies to close the gaps.
No one can be proactive against a loss if they are not aware of how a loss is occurring.
2. Theft by others
Shoplifters e.g. are creative and there are many ways in which goods are taken
3. Administration Errors
Lack of competence, procedures and training giving rise to ” simple” but costly mistakes which all impact on the bottom line.
4. Vendor Fraud
Who are the vendors, what processes do you have in place to check them out and ensure that they are delivering what they claim.
Verisure can help
The good news is that there are solutions but there is not one solution that fits all and that is why we can help you identify your specific issues and formulate a loss prevention plan which will work for you.
Prevention is by far the cheapest option as the ambulance at the bottom of the cliff can some times be a hearse.
The only solution Verify everything