Company News • 19.05.2017
3 reasons to invest in better valuable goods management
How do you manage the store’s most valuable goods?
Are they stored in a safe, behind the tills or perhaps in another room entirely? In that case, you’ve probably made life more difficult for yourself – this article explains why.
A majority of the products stolen from a store are ‘premium price products’, which includes items such as medicines, razor blades and tobacco. In spite of this there are still many shops which store this type of goods in a way that constitutes a theft risk – and a risk to the employees.
Administration requires intensive resources
Receiving, storing and distributing valuable goods requires administration and well-functioning logistics. Any wastage mean a huge financial loss for the store, but handling the loss also means an increased risk for robbery or theft. In addition, the secure storage area often takes up a large amount of store space that could be used more efficiently.
Losses because of theft, both by employees and others, make up almost 80% of the total financial losses in shops globally. Just think - what if we could get that number down to zero? A one-off investment in a more secure solution for managing these goods would quickly pay for itself and could eventually mean a significant upswing for the store’s finances.
Valuable goods such as medicine or tobacco that cannot be stored out in the main store can easily be the reason for lengthy queues and unnecessary stress for the cashiers. Perhaps the cashier must leave the checkout to fetch the goods, or getting them requires a complicated access procedure. This is negative both from a service- and a security-perspective.
Do you recognise yourself in the above scenarios? Reduce unnecessary waste and streamline your store – the investment will pay for itself many times over.
Award for commercial companies of the law enforcement authorities
Organized retail crime is continuing to grow, with 67 percent of retailers surveyed reporting an increase in the past year
Impact of international organised retail crime groups operating within the UK is huge
Company News • 04.04.2018
Future strategy “Compact branch”: GLORY is supporting Postbank with innovative cash management solutions
GLORY, a global leader in cash technology solutions has been selected by Postbank to install cash automation solutions in their branches
Advertorial • 01.02.2018
... on the connection of digital components in retail to a perfectly harmonizing ecosystem
Company News • 23.02.2018
Self-checkout, universal tablet docking, and lightweight POS terminals
Interview • 15.02.2018
Avoid "frustrating stumbling blocks in the shopper experience”
Company News • 19.02.2018
Brick and mortar stores as showrooms for online retailers
Online advertising campaigns • 27.03.2018
Interview with Professor Joost van Treeck, Consumer Psychologist at the University of Applied Sciences Fresenius in Hamburg
Company News • 12.04.2018
More than 100 stores that will replace their classic paper labels with the smart VUSION price tags
Company News • 06.02.2018
Enhance Retail POS with Mobile and Cloud
Company News • 22.02.2018
Wirecard partners with SES-imagotag to revolutionize the in-store customer experience by enabling mobile payments at the shelf
Retailers will be able to boost their sales by speeding up payment processes
Report • 03.04.2018
The integration of payment processes in messenger
Kolonel Begaultlaan 1C11
4 The Drove
BN9 0LA Newhaven
Kaiserswerther Straße 85
82024 Taufkirchen b. München
36251 Bad Hersfeld
10F., No.186 Jian 1st Rd.
Jhonghe Dist., New Taipei City 235