Retail Profit Protection

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Retail Profit Protection

Today's trading climate is tough, and it's not about to get any easier, business owners and CEOs are acutely aware of the need to protect the bottom line. Diligent cost cutting combined with an effective shrinkage reduction strategy is essential.

Shrinkage management starts with understanding how shrinkage occurs - specifically, how, when, where, what and why - only then will you have armed yourself with the underpinning knowledge to be able to develop the right strategy for your organisation.

Figures published by the BRC report that in 2018, there was a shrinkage bill of £900 million, with a further £1 billion spent on efforts to prevent crime: that's £1.9 billion. The problem isn't going away any time soon.

How can we help?

Our primary aim is to save you money and increase profitability by implementing a holistic shrink reduction strategy, which produces tangible results quickly.

We know some SMEs will not have the budget to employ a full time Loss Prevention Manager, let alone a dedicated Loss Prevention team, so we offer a flexible, cost-effective approach to help you manage your loss prevention requirements. These are just some of the services we can provide:

Profit Protection Strategy development

We work with you to 'size up and understand the scale of the problem'. This means understanding your organisation's internal context, your key business functions and processes, your organisational structure, culture, where you are located and other operations. We also need to understand historical information such as trends, incidents, current and historical losses incurred.

Once we understand your organisation's tolerance and appetite for risk, we can begin to develop the right strategy, working with you to manage shrinkage. Key to this is knowing that it is entirely within your sphere of influence and control.

Shrinkage Awareness Training

We run highly engaging workshops, which are designed to raise awareness of shrinkage and its impact on your organisation. We look at understanding visible and invisible shrinkage, how it occurs, what can be done to prevent it and much more. We deliver our training workshops at your chosen location.

Policy and Procedures: Development and Implementation

It's important that everyone in the business understands the link between increased levels of shrinkage and poor adherence to process.

We will develop your policies and procedures, ensuring your teams are doing the right things at the right time and executing the plan daily.

Audit and Compliance - Perpetual

We can conduct compliance audits for you, whether you need them monthly, quarterly, half yearly or annually. A compliance audit provides valuable real-time insight into how your organisation (or individual business units) is performing in relation to your policies and procedures.

Compliance audits are produced in report format, highlighting good and bad practice. An action plan will be produced with appropriate SMART targets and RAG risk rating, too.

Physical Security Survey

Whatever the size of your premises, or portfolio of sites, our comprehensive physical security survey complete with recommendations, aims to give you that all-important peace of mind. It will include: A Threat Assessment - An Impact Assessment - and a Risk Assessment.

Mystery shop - Test Purchase

We can dispatch an operator to conduct a mystery shop at a time and date to suit you and we will provide you with date- and time-stamped video evidence of what is really happening on the front line.

Invaluable video evidence will allow you to realign your strategy and improve standards of customer service, sales, general store standards, physical security and health and safety.

Employee Screening - Background Checks

Background checks are critical. Avoid hiring mistakes with a comprehensive background check that leaves no digital footprint.

Stay one step ahead and protect your organisation from theft, fraud, dishonesty, and other counter-productive work behaviours. Our turnaround is 48 hours - now that's peace of mind.

Employee Theft - Fraud Investigations

Our founding director has more than 16 years' experience in the retail sector, conducting investigations into unexplained losses, employee theft, fraud and other dishonesty. We have the skill, knowledge and expertise to conduct a full and detailed investigation.

Get in Touch

Contact us for your FREE consultation

or complete the Quick Enquiry Form above, or:
Call us on 0121 270 7504 - 020 7859 4240 or 07572 914 272 or e-mail

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