This blog discusses the issues and preventive methods of loss in retail due to shrink and security lapses.
Owner: rohlania
Listed in: Business
Language: English
Tags: Loss Prevention, Retail Shrinkage, Pattern Recognition, Video Analytics, Physical Security
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Latest Blog Posts for Loss Prevention
- Raw Material Samplingon Jul 9, 2011 in Sampling ProcessRaw Material Sampling It is imperative for any business engaged in procurement of bulk material (like manufacturing/ packaging sectors/ infra sector etc) to carryout proper sampling of inward raw material. This basic process is required to ensure...
- Raw Material Sampling - Part 1on Jun 30, 2011 in Sampling ProcessRaw Material Sampling – PART - 1 It is imperative for any business engaged in procurement of bulk material (like manufacturing/ packaging sectors/ infra sector etc) to carryout proper sampling of inward raw material. This basic process is requir...
- Multi Tasking Of Cameras in Retail Business Facilityon Aug 10, 2010Most retailers have CCTV coverage for their shopping areas. More often than not, such cameras are installed with ‘security’ perspective ie cameras have been installed to assist security team in investigations. Retailers also have centralised cont...
- on Aug 8, 2010Multi Tasking Of Cameras in Retail Business FacilityMost retailers have CCTV coverage for their shopping areas. More often than not, such cameras are installed with ‘security’ perspective ie cameras have been installed to assist security team in...
- INSULATING COMPANY OFFICIALS FROM BRUTAL ATTACKS BY ITS EMPLOYEESon Nov 19, 2009 in HOSTAGE NEGOTIATIONSRecent cases of violence in business premises (manufacturing units, Head Offices etc) by either the agitating employees or high handedness of company officials does not speak high of Indian Business community. Though, as of now, the cases are low on...
- HEIGHT OF INNOVATION TO DEFEAT BUSINESS CONTROLS IN SCRATCH CARD PROMOTIONSon May 13, 2009 in SCRATCH CARDS1. Did any one think that scratch cards can be provided to desired customers, free of cost and that too by following all business processes. Here it is how -A favoured customer visits the store. The cashier wants to give him the advantage of...
- SMART WAYS TO DEFEAT BUSINESS CONTROLSon May 11, 2009 in FRAUDULENT REFUNDSBusiness Parameters1. It has been seen that retailers lay down lot of emphasis in controlling losses. Business designs lot of processes, carries out strict control for implementation of them and continuously study data to discern deviation. How...
- PROMOTIONAL (UN) SCRATCHED CARDS – A DEFINITE ATTRACTION FOR CUSTOMERSon May 6, 2009 in PATTERN RECOGNITION1. It is in vogue in business to offer discounts to customers by means of offering them to scratch randomly selected scratch cards. That gives thrill to customers to expect un expected and also be optimistic that they might hit the jackpot. T...
- PATTERN RECOGNITION – A TOOL TO DETECT MALICIOUS USAGE OF LOYALTY CARD / CASH / GIFT COUPONon Apr 13, 2009 in PATTERN RECOGNITIONHistorical Prespective of Loyalty Cards according to a reportLoyalty programme, as is wildly spread today was first conceived in 1981 byAmerican Airlines and was known as AAdvantage. It quickly turned into a sourceof competitive advantage and other a...
- PLANNING A PLANOGRAM – LOSS PREVENTION WAYon Apr 10, 2009 in STORE PLANOGRAMBackground1. As Wikipedia has defined, “Planogram is a diagram of fixtures and products that illustrates how and where retail products should be displayed, usually on a store shelf in order to increase customer purchases. They may also be referred...
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