Milestone News

There are a wide variety of prevention methods that one can implement in order to prevent theft. In this article, we will discuss anti-shoplifting devices and why you need them.

Shoplifting can be a cause of massive financial loss in a business if it occurs repetitively. It is also something that almost every retailer has fallen victim to at some point, whether they caught the culprit or picked up discrepancies when stock take was performed.

As a consumer, touching, testing, and experiencing a product is part of the fun of a shopping experience. Buyers are more inclined to make a purchase after interacting with a product in person. Indications from retailers are that placing products on open display can increase sales by 30% – 40%.

Shoplifting prevention systems allow retailers world-wide to increase profits, decrease shrinkage, and enable store employees to focus more on what’s really important – the customers.

Successfully managing and tracking assets is also a difficult task to achieve. In the past spreadsheets, barcodes, and a large portion of manual labour and time was used to keep track of a business’s assets. Unfortunately, this also meant that there were many mistakes and miscalculations because of human error.

One cannot always prevent an employee from receiving an unexpected bill or forming an addiction; however, measures can be put into place to make it difficult for employees to steal. We discuss how inventory systems can reduce stock shrink and prevent employee theft