Typical Problem

In Retail industry, Loss prevention is usually security based and unfocused. Generally, shrinkage is only reported at a total company level, not targeting individual store/merchant/distribution channel accountability, thus leading to ineffective programs in place to detect/deter and control losses. Also, staff training programs are not loss prevention focused and stores have little visibility as to how they are tracking in terms of losses. Item specific deliveries are not utilized for detail checking at store level and, usually, there is no physical inventory reconciliation process.


Programs Objective

ICTS performs the reduction of unidentified differences to a world class level in the relevant sector and stabilization of sustainable loss levels, by implementing a project in which we perform the assessment of the opportunity, solution development, pilot implementation, organization-wide roll-out and finally establish sustainable Loss Levels, bringing bottom-line results to our clients.


Benefits to Our Clients

A loss reduction program will add value by improving the company's bottom line, reducing losses by 30%, coming in line with industry standards of 1.3% of net revenues. The company will also gain from improved cash flow and improved on shelf availability.