Loss Prevention Audit is suited for large enterprises with more than 2000 attached POS system and and a multi-level concessionaire structure as well as for independent retailers operating only a small number of stores.
Loss Prevention is a very powerful tool with an ROI which is in the range of 3 to 6 months as has been proved in practice. As a standard tool it has a lot advantages over proprietary or data warehouse solutions. The strength of the program is the in-depth analysis and the use of key figures. From a list of transactions the related cash receipt can be accessed. Statistical analysis methods, cockpit and traffic light functions make the handling of mass data a simple task. Critical cases are distributed automatically by email to the responsible management functions.
Summary of the available functions
- search for critical transactions with voids, handling of empties
- Filter the receipt by headers or single lines
- Query and display all relevant customer data of a POS transaction
- Analysis of statistical exceptions, build scoring data to uncover unreliable users or stores
- Create standard queries for typical situations
- Printing and graphical display for easier understanding an documentation
- Create key figures by store, areas, store types etc.
- Match the reporting to the organisation of an enterprise
- Comparison of key figures by periods like week, month, year.
- Graphical info page for visual check with drill down to the single receipt.
- Added value and synergies because of
- Basket analysis for products on promotion (for marketing)
- Display the daily sales frequency (for store management)
