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Sunday, August 21, 2016

Loss Prevention and RFID



Retail Loss Prevention and RFID

The term RFID stands for Radio Frequency Identification. It is often used for a device that can be planted in humans with ease. Essentially, the RFID is nothing more than a computer chip with interaction and data storage capacity. The fact that this technology is considered by many to be the pioneering endeavor in taking wireless technology to a whole new level. In literal terms, the RFID is the name of unstoppable possibilities. It is made by keeping your modern trends in mind. As such, the device should remain viable for many years to come. Retail loss prevention is among the biggest benefits of using RFID chips. Here are some genuine uses of RFID chips:

Difference Between RFID and RF Technology

Though the two offer virtually same performance and protection, there are obvious differences between both. For instance, the RF tags will always send the same signals and will let the user know whether something suspicious is present at that vicinity or not. Call them a simplified version of the more elaborated RFID systems if you will. To keep your inventory protected, you need to tag an RF tag to a merchandise or item. One such technology is the Acousto-Magnetic RF tag.
This will generate a pulse beam through the onboard transmitter and will set an alarm if a theft is about to occur.  Another benefit of these RF tags can be scanned from quite a distance. This makes them an ideal solution for those who are short on budget but are genuinely concerned for inventory loss prevention. On the other hand, the RFID system is a more advanced and elaborate form of radio frequency tags. To use these tags, you may need to acquire loss prevention training

Can You Do Retail Loss Prevention?

The natural answer to this question is yes. However, assets protection is not as easy as some may think. Even more important is the fact that preventing retail loss should be done by keeping affordability in mind. Though the RFID technology was designed for a much larger purpose, retail prevention should be one of the primary things it needs to address. In terms of capabilities, the RFID provides users with an item level visibility for entire supply chain. It is well known that visibility of supply chain can improve the accuracy of existing entry up to 60% or more in some cases. With RFID in use, this figure can reach as high as 90%. Since the FRID provides highly accurate near real-time information, businesses using an Omni channel retail strategy can take great benefits from this technology.  

Theft Prevention Through RFID

The item level RFID tech can provide companies with real time and highly accurate data to keep their inventory protected. This is done through many ways, for instance, improvement in data accuracy leads to better formulated logistical strategies. Also, it helps keeping employees in check. There have been cases where employees were found to be the cause for shrinking the inventory. Statistics show that employee theft has risen in the last few years. It accounts for as high as 43% of retail shrinkage in some cases. With RFID solutions in place, you need not to worry about inventory shrinkages in your business. Moreover, combining the RFID tech with other similar technologies such as point of sale or electronic article surveillance, the results become even more acceptable to the entrepreneurs. The RFID also helps keep the stock levels under check. With more inventory visibility, your RFID tech is just about the best thing happened to your business in the current market scenario.

Other Benefits


Your RFID system is by default compatible with most of your security systems in use. This makes the RFID a highly valuable entity for protecting your inventory. Apart from this, the RFID also provides valuable data on preventing any type of loss in the inventory. Doing so will take the performance of your RFID system to a whole new level. It will also add more capabilities to keep your inventory protected. It is suffice to say that through your RFID system can easily work as a standalone system. However, to get the maximum results out of this technology, you should combine its functions with that of other similar protection systems as well.

LPDT, LLC offers the only E-Learning training for Retail Loss Prevention at www.LossPreventionAcademy.com.  Check out our awareness posters for shortage and safety at www.LPPosters.com. You can follow us on Twitter under LPACADEMYcom and Facebook under Loss Prevention Academy.

Sunday, May 8, 2016

Technology vs "Block and Tackle"

Facial recognition, RFID, data mining tools, video analytics are all exciting tools being tested and used in the LP industry. Some are very costly to implement and are sold via an ROI that supports other goals in addition to shortage control.  RFID can be used to reduce shrink and as a means for instant updating of counts in a store.  Accurate inventory counts allows replenishment to work at it's highest level.

How do these compare to more "traditional" tools for shortage control?

"Block and Tackle" programs like establishing operational standards and auditing to them, employee training, shoplift prevention tools, awareness programs for associates and managers and incentive programs including cash awards are great examples.

Is it either or, or does one replace the other, or?

During my career I worked for an office supply company. Those were exciting times as this was the birth of the internet and all the supporting companies were being created to capitalize on it. The company followed a very simple shortage mission statement.  If you establish and maintain tight operational controls, theft would not impact your shortage number in a large way.  Every store was audited every month.  The audits included coaching and training to the operational standards.  Yes, employee theft and shoplifting, especially ink-jet cartridges were there, but our results were often below .50.

We never had all the tools of technology during those days.  Not even EAS was installed until I left after 12 years and yet we were successful in achieving our number.

In my opinion, "block and tackle" works the best.  Focus on the basics everyday through your employees and managers and use technology when it can be combined with another goal.

Enjoy the week,

Steve

Had a chance to look?  See our new site at www.WZAcademy.com.  2 online courses, one for Loss Prevention and one for Human Resources/ER.


LPDT, LLC offers the only E-Learning training for Loss Prevention at www.LossPreventionAcademy.com. Check out our awareness posters for shortage and safety at www.LPPosters.com. You can follow us on Twitter under LPACADEMYcom and Facebook under Loss Prevention Academy.

Sunday, April 10, 2016

E-Learning....the New Norm

First off, we want to thank the 79,500 visitors to our blog since we went live.  We appreciate everyone for taking the time to stop by and view our articles. We are very excited about our next online course for HR/ER and site, www.WZAcademy.com.

Every article you read on the subject, e-learning indicates an upward trend in the years to come. After all, why would the birth of the internet not touch this area of education/training?

Is it possible to eliminate all classroom training and replace it with online training?  Doubt it...

Every student seems to gravitate to learning via different formats of teaching.  For some it is the listening from an instructor along with the option to ask immediate questions to clarify a point or expand on a topic.  This format can be enhanced with an excellent instructor who has the ability to engage the student with their teaching style. Do you still get this value when the classroom is over 100 students and instructor lectures via video and voice?  How many students actually raise their hand and ask questions in class?

Colleges are expanding their teaching options in what they call "hybrid" instruction. Hybrid is a combination of online courses and face to face time with an instructor.  This option will grow in popularity as in reduces costs with online training, but still does not eliminate the quality time with an instructor. As business entities, online courses eliminates the cost of an instructor, classroom and faculty support.

What about the individual that lives in a country that does not offer quality courses or the person that works full time and does not have the flexibility to attend a classroom schedule or when online courses reduces the cost of the "teaching" now making it more affordable for some or the person that feels online training is better format for content retention?

The advantages to offering online courses will continue to grow based on the above concerns and it's acting as a solution to them.

Lastly, e-learning needs to be established with guidelines for quality.  Uploading a power point presentation is not quality e-learning.  Courses need to be written with an instructional designer that includes voice over, interactions and establishment of learning objectives.

Enjoy the week,

Steve


LPDT, LLC offers the only E-Learning training for Retail Loss Prevention at www.LossPreventionAcademy.com and www.WZAcademy.com. In addition,we offer a FREE job search tool for Loss Prevention at www.LPjobsFREE.com. Check out our awareness posters for shortage and safety at www.LPPosters.com. You can follow us on Twitter under LPACADEMYcom and Facebook under Loss Prevention Academy.

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