Intelligence-led loss prevention allows retailers to collect, prioritize and use data intelligence collected through connected sensors to more effectively and efficiently mitigate shrink and Organized Retail Crime (ORC).
LP programs have, for some time, focused on addressing different drivers in isolation from one another, with an emphasis on theft above all else. The reality is much more complicated, and that’s where retail analytics systems can help.
With the new patent-pending label, the organization replaced previous polystyrene with renewable, Forest Stewardship Council (FSCTM)-certified material, ultimately helping retailers with their sustainability objectives while safeguarding against shrink.
The app is an inventory platform agnostic purpose-built to support retailers as they develop smarter, more effective LP programs, reduce out of stocks, and enhance store operations.Â
Source tagging not only allows merchandise to arrive secured and shelf-ready, but it also actively reduces shrink from the point of manufacturing to and throughout the store.
In this Sensormatic and LPF webinar, a team of retail professionals discussed their ideas and proactive strategies to tackle hot topic issues such as internal shrink, ORC and return fraud; all while keeping consumer expectations and safety in mind.
Intelligence-led LP allows retailers to better understand the losses stores experience so that crime patterns can be disrupted, and criminals can be held to account.
Download this 34-page special report from Loss Prevention Magazine about types and frequency of violent incidents, impacts on employees and customers, effectiveness of tools and training, and much more.