It’s inventory time for a lot of businesses, and while we would like to believe that we employ and work with people we can trust, as business owners, it’s hard to pick up on every detail or potential risk.
70 – 80% of theft is internal. According to the National Retail Federation, in 2015 there was 45.2 billion dollar loss due to inventory shrinkage. That’s a 1.2 billion dollar increase since 2014.
Often employees intending to steal will leave inventory in the back and take it before they clock out for the day. Others will hide inventory in the trash can before taking out the trash and nicking it then. They could be stealing anything from office supplies to your company’s products or equipment and while losing something here or there does not seem like a lot, it adds up fast.
If you are seeing a lot of missing inventory it’s important to start taking precautions. Putting a surveillance camera at your backdoor can save you the cost of missing inventory over time and catch the people responsible. Hard Target Systems offers the best quality camera equipment available at competitive prices. People are less likely to even consider stealing if they know they are being watched, this doesn’t just include your employees but your vendors as well. By placing a camera near your company trashcans and your backdoor alleyway you could be saving average 5,200 dollars a year.
And that’s the Bottom Line!