Loss Prevention: Ramping Up Retail Security for the Holidays
December 21, 2016
The season of giving is upon us, and with that comes an increase in sales–as well as an increase in shrinkage across the retail industry. Shrinkage is the loss of inventory often attributed to theft. That’s especially so in the holiday season, as indicated by loss prevention specialist Ernie Deyle’s holiday season forecast. As Deyle explains, the holiday season is a time when “people tend to rationalize immoral behavior like shoplifting. It’s much easier to do so when a child’s Christmas present is at stake rather than an extra bathing suit for the summer.”
According to Deyle’s research, shrinkage increases to about 38% during the holiday season from 22% the previous quarter. With that in mind, loss prevention managers and operations managers everywhere are constantly looking for solutions to reduce shrinkage and increase profit. Deyle’s report advises retailers employ technology to stabilize inventory loss and ensure shelf availability while enhancing retail display security.
With how fast technology is advancing, it’s no surprise that loss prevention technology is evolving at such an exponential rate. Even small convenience stores are capable of running facial recognition technology. According to Tyco Integrated Security’s director of business development, Lee Pernice, “RFID is something else that is not new to retail, but it has come a long way in both cost and use cases.”
How Senseon Can Help?
Senseon Secure Access is one of the ways RFID technology has evolved over the years. Senseon systems lock and unlock up to 15 doors or cabinet drawers simultaneously with the tap of an RFID card or fob. This inconspicuous, easy-to-install secure access system can be the solution to a wide array of retail shrinkage troubles.
Senseon Secure Access can be programmed to support up to 100 users, including five administrators. Employees thus have ready access to merchandise on the sales floor, rather than having to wait for a manager with a key to retrieve customer’s items. In addition, a lost or missing key is no problem: an administrator can program or delete card/fob access instantly.
Loss prevention has the potential to move forward as a cost-saver and a time-saver for retailers across the world. With Senseon Secure Access retailers can be sure that all their inventory will be secure this busy shopping season.
Company: Accuride International
Product: Senseon Secure Access Control
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