One of the first steps in protecting your stock from theft is to maintain accurate inventory records. In addition to checking stock regularly, you should review the recorded evidence as soon as you notice discrepancies. If there are items missing or broken, start investigations.
Another crucial step to prevent theft is to secure your warehouse or facility from outside intruders. Separate the receiving and shipping docks to prevent stock from leaving the warehouse. Make sure the pick faces are located near the shipping area. Make sure that the area where trucks enter and exit the warehouse is secure, and don’t allow staff to park their private cars near the warehouse.
Additionally, knowing why employees steal can help you prevent the crime. Sometimes, struggling employees will steal items to make money for their families or for their own use. Sometimes, they will rationalise their theft by saying that they need the items more than their employers do.
Physical locks and cables on your display cases can make it more difficult for thieves to pinch the products. For more information on Security Seal benefits, go to https://acmeseals.co.uk Mirrors and cameras also help in visibility and make thieves feel watched. These loss prevention methods aren’t necessarily expensive, but they work! Incorporating smart barcode scanners and POS systems can make your business more secure. It’s also easier to keep track of stock levels when using smart barcode scanners. This type of technology can reduce theft by up to 90 percent.
Aim to keep staff accountable by holding daily and weekly performance reviews. This will enable you to catch employees who are misbehaving. Make sure to only give trustworthy employees access to inventory updates, to prevent them from manipulating the stock in the absence of a manager. Make sure that all employees keep an eye on each other, and that you conduct thorough background checks on any new employees. Once you’ve secured your business, a theft-free future is within your grasp!
The first step to theft prevention is identifying the source of the problem. The problem can be anything from employee theft to customer shoplifting. To minimise your risk, identify the source of your loss and match a solution accordingly. Take a close look at your current theft prevention methods and see what steps work best for your company. If you’re not sure how to protect your stock, consider hiring a security expert or implementing some of the security measures recommended in this article.
Implementing inventory management software is a low-cost but effective way to protect your stock. You can use RFID tags to track the movement of inventory in your production system. It is also possible to set permission levels for key employees to edit data.
