Loss prevention is a necessary approach that should be adopted at any retail store. Hiring professional security guard you can keep your business premises protected from criminal. They monitor any suspicious activity that could harm your employee or property and responds best action to resolve them. Continue to read this blog to know the what is loss prevention and how does it work.
What is loss prevention?
Loss prevention is related to actions taken by professional security guards to lower the risk of loss. They minimise employee theft, resulting in an increase in the store’s profit. This method prevents loss due to theft committed by employees or customers. Their roles include:
* Observing people who enter and exit the store.
* Monitoring and tracking areas where goods are stored.
* Observe customers who revolve around the store for shopping.
* Keep an eye out for any suspicious activities.
* Patrolling outside spaces like parking lots with security vehicles.
How does loss prevention work?
One of the main role of any trained security guard is to detect any theft and prevent loss. Their job is to keep eye of goods, so that you will be peace of mind about it being damaged or stolen. Throughout their presence on working site, they deter any possibility of theft.
Your professional security guard could help you track cash registers for any unwanted activities, such as employees willing to steal money. They take the help of a security camera to see the captured video of any stolen activities. Also, they monitor the outdoor space of the store to check for any burglar activity and take necessary action if something goes wrong. Their patrolling activities discourage potential intruders from harming people for potential damage or theft.
Reasons For Choosing Loss Prevention Services
Employee theft:
One of the major reasons for choosing a loss prevention service is that it protects organisations from employee theft. Security guards assist to deal with employee theft by monitoring activities of people. They inspect their belongings conducting bag searches during entry or leave or at lunch time. During off hour they perform surveillance of different business location to find any unwanted activities.
Shoplifting:
Professional security guard also assist retail owner in preventing from shoplifting. They monitor customer about their purchase related activities. They prevent them to leave the place with good which they did not pay. These guards get back the merchandise and handle it to right department and do necessary action against shoplifters who committed such kind of crime.
Product tampering:
Security guards could also help prevent product tampering by observing how customers walk around shop racks and counters and examining products for any damage or tampering. This is particularly essential if your business offers goods like electronics and cosmetics that thieves commonly target. As the shoplifter isn’t in the correct area of the store, security personnel could be able to identify as they are trying to take any item. If required, they can then detain the offender until the police arrive.
Benefits of Loss Prevention
Retail stores can obtain great benefits from loss prevention, and security personnel play a vital role in guaranteeing the safety of the store. Security personnel are trained and instructed to be watchful and alert. They can detect any unusual activity within and outside store and, if needed, provide information to the police. This keeps customers safe from danger or injury brought on by other customers in the store and helps prevent theft from both customers and personnel.
The presence of security personnel discourages burglar. Because of their active present criminals would be reluctant from committing crimes in situations where someone is present to promptly report them. By monitoring any unusual activity while on duty at several sites across the town during their shift schedule, based on the number of hours they work at each location.
Strategies for Loss Prevention
Create security guidelines:
For the purpose of lowering loss and ensuring public safety, the majority of shops have security policies or codes of conduct. So, you have to establish clear policies and guidelines for both staff and customers in your store. Instruct your employees about the guidelines and requirements of your security policy. Remind them about the policy can be accomplished through meetings and training.
You can also put up signage around the store to remind customer about the restrictions and regulations. When someone violate your policy, you have the option to ask them to leave the store, notify a security guard, or call the local law enforcement in order to enforce the guidelines.
Install CCTV in every business area:
CCTV surveillance of activity is another way to keep your store secure and safe. These cameras are able to monitor the loading docks and customer entrance, among other entry points inside the store. They capture the action so you can determine whether somebody is attempting to enter without authorisation.
Installing CCTV also discourage the thieves to perform burglar activity. It conveys the idea of robust security and demonstrates your serious approach about losses.
Invest in a POS system with security features:
You can reduce loss by using point of sale systems with security features. Retail establishments process transactions with a POS. Employees can effortlessly process sales and take payments with the use of a cash drawer, card reader, or computer that are mainly included.
Establish a productive inventory control system.
Retailers can utilise an inventory control system to monitor and manage their stock levels. This entails maintaining precise sales records and monitoring the flow of products into and out of the store. Putting in place an inventory control system could help you increase profitability and lower inventory losses. You can do it by implementing perpetual inventory, where stock levels are updated regularly, or periodic inventory, where stock is counted at regular intervals. You can also use software such as inventory management systems or spreadsheets, or you can complete this task manually.
Build awareness for loss prevention:
It is imperative for retail owner to allocate resources towards employee training programs. It effectively deters stealing and other fraudulent activities. You could better safeguard your company and customers by training employees to stop any unwanted activity. There are numerous kinds of education and awareness campaigns. With such programs retailers will offer to teaching and training of team members about loss prevention related essentials.
Loss prevention is an effective method that should be adopted by each retail store owner. By hiring a trained and professional security guard, you can keep your business premises protected from criminals. They monitor any suspicious activity that could harm your employee or property and respond with the best action to resolve them.
At ASAP Security, we offer reliable loss prevention service by expert team who use best strategies and tools. We have certified and licensed security officers who are passionate about delivering the optimum level of security services in every time. Contact us now to keep your business safe and successful!