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).
RFID has been a vital retail technology for almost 20 years, but what started with a simple beep at the exit is now a critical piece of enterprise-wide loss prevention and inventory intelligence strategies.
The digitization of retail is well underway, and RFID has played a key role in optimizing inventory, enabling omnichannel processes, and improving the customer experience.
With so much revenue at stake this holiday season and beyond, retailers should consider every tool at their disposal to improve their loss prevention efforts.
In a world where digital and physical retail are inextricably linked, how can retailers protect their inventories and people, but also offer exceptional customer experiences?
The front of the retail store is a critical hub in understanding shopper activity. Storefront visibility layers electronic product code (EPC as EAS) RFID technology onto existing EAS systems.
A 2021 Wall Street Journal article reported that “... organized retail theft accounts for around $45 billion in annual losses for retailers these days, up from $30 billion a decade ago.”
Intelligence-led LP needs more intelligence from sensors. Digitizing the store has obvious benefits from enhancing digital shopping experiences to better serving green shoppers, and...
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.