EAS is great isn’t it? For the most part, if someone is stealing product “X,” you slap on a quick tag or label and you see a pretty substantial reduction in shrink (for the most part.… Live in the real world). As my LP career has progressed over the years, I’ve seen EAS change drastically. I’ve also seen what retailers apply EAS tags to change as well. Often times, I scratch my head in disbelief at the ideas that come out sometimes and others, I pull my hair out because we could have been more proactive with tag placement. I’ve also seen some fantastic ideas from my store teams on some not so standard tagging procedures.
I had a store a few years ago that were consistently losing their register keys. We later learned that an employee was stealing them and was coming into the store during busy times and just helping themselves to cash in the unattended registers. It took a few months and over $7,500 to put the pieces together before we had an idea of what was happening. That’s a very expensive lesson to learn; especially when there is quite literally, a $0.5 solution.
All of our register keys have a small hole in the top, so they can be hooked to a lanyard for the cashier supervisor to carry around. After our theft incident, we used a pencil tag through that hole to make it less appealing to try and steal the key. Granted, the thief could take it to the service desk and remove the EAS device, but that requires a few more steps that most are not willing to take. As a matter of fact, since taking this one proactive measure, we’ve never had to replace a “lost” register key. For us, it seems to be a great way to maintain a solid key control procedure.
After using some EAS tags on these keys, it really got me thinking about what else is a potential risk in our stores that we don’t secure, but should. The list is virtually endless if you think about it. The next big item that we began securing with EAS hard tags was our handheld units (Symbols/Telxons). A few of our stores fell victim to an eBay thief a few years back, in part due to the ease of removing them from ours store. Since running an Alpha tag with a lanyard through them, we hadn’t lost a single one to theft.
We also have a lot of in-store use only type items (think step-ladders, folding carts, dollies…). As part of our risk mitigation efforts, we utilize EAS tags on all of these items. While they often have to be used outside of the store; the idea that when they do go out, our greeter becomes aware that they are going outside and can better keep track of our in store equipment. You wouldn’t believe how many times someone has stolen a hand truck, or pallet jack from me…
The bottom line is that EAS can be used to protect much more than just your inventory. There are dozens of items inside your four walls that cost you money that dishonest people would just love to take. Why go out and spend any more money that you have to in order to protect your supplies when the answer is already in your store? I’m all about leveraging available resources to accomplish your goals and this is just another item in a skilled LP manager’s tool belt.
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