The StoreVision solution to fight retail loss:
Software
- Associated hardware
- Total solution sales and financing
- Installation project management
- On-site training
StoreVision Support
- 1st year
- Full software upgrades
- Help desk via Internet
- Technical monitoring
StoreVision Audit Service
- Localized
- Direct access to end-user via Internet
- POS transaction audit
- Incident reporting
Why StoreVision is the perfect solution against Shrinkage?
The percentage of loss of products between manufacture and point of sale is referred to as shrinkage, or sometimes called shrink. The average shrink percentage in the retail industry is about 2% of sales. While that may sound low, here are some numbers taken out from THE GLOBAL RETAIL THEFT BAROMETER 2009 (Centre for Retail Research): total global shrinkage in 2009 cost retailers in the 41 countries US$ 114,823 million, equivalent to 1.43% of their retail sales, while in 2008 the numbers were US$104,529 million for total global shrinkage, equivalent to 1, 35% of their retail sales. Here are the major causes of inventory shrinkage in retail:
Transaction types:
- Returns
- Discounting
- Scan gaps
- Manual Key entry
- Voided items
- Age related verification
- Vouchers
- PLU/SKU searchProcessing
Examples of errors:
- Theft & fraud
- Sweethearting
- Poor work habits
- Process failure
- Lack of training
- Hardware failures
StoreVision synchronizes all POS transactions from the cash registers with the corresponding digital video images. Our unique software allows the user to identify a number of different process errors at the Point-of-Sale (POS). Every transaction can be reviewed frame by frame, and with the aid of at least 240 available combinations of filters, the user is allowed to focus on the transactions and process errors that cause losses for the retailer.
