Are you using a “Known Theft” Tracking System?

One of the best ways for any retail store to enhance their retail theft prevention program is to establish a “known theft” tracking system. A good known theft tracking system is where you keep track of items that you know for a fact have been stolen, either through apprehension or acute inventory monitoring. This system is essential to anti-shoplifting efforts. The greatest thing about known theft tracking is it shows you the areas that need to be watched. It will also let you know high priced, high theft items that should have checkpoint security tags that may not previously be integrated into your checkpoint security system.

The known theft tracking method I developed for my store’s retail theft prevention program is percentage based. I broke up the store into numerous blocked sections based on the type of product in that given area. Any time employees find known theft packaging they log it for area it originated, area found, and day of the week. On a weekly basis I go through the log and find percentages for each section previously stated. Knowing where your product is being taken from and concealed gives your retail theft prevention team an insurmountable advantage in their anti-shoplifting efforts.

Adding to the advantage of knowing where your theft is coming from, tracking known theft allows you to see the individual merchandise being stolen in a straight forward, organized manner. This allows you to take defensive steps in protecting your merchandise by protecting high theft items with checkpoint security tags. Using your known theft to enhance your checkpoint security system will in turn decrease your known theft and increase profits. Checkpoint systems can only truly be successful if the correct merchandise is protected. The only way to protect the right merchandise is to know what the correct merchandise is.

Visit the Loss Prevention Store to purchase Anti-Shoplifting devices and your Electronic Article Surveillance or EAS system from Checkpoint Systems to stop shoplifting in your store.

For more information on Anti-Shoplifting, Checkpoint Labels, a Checkpoint Security System, Checkpoint Security Tags, Checkpoint Systems, or Checkpoint Tags and how they can work with your Electronic Article Surveillance or EAS system contact us at Retail theft prevention to Stop Shoplifting in your store or call 1.770.426.0547