To an outsider, a busy franchise location might appear to be a gold mine generating fantastic profits, but most franchise owners know better.While sales numbers are strong, margins are still tight, competition is high, and new challenges emerge daily.In addition, franchisers often expect franchisees...Read More
Inventory loss (also known as inventory shrinkage) costs the American retail industry over $45 billion annually*. Improper inventory management is a key component of inventory loss. While shrinkage is often the result of shoplifting or employee theft, sometimes loss is unintentional. In fact, administrative...Read More
Is there really a right answer to the question “which cameras are right for my business—HD-Analog or IP cameras?” The short answer is yes. However, the in-depth answer depends on what you need and expect from your camera system. Compelling arguments can easily be made for both options....Read More
Shockingly, 33 percent of all businesses go bankrupt due to employee theft*. Laziness and dishonesty can put a significant dent in your cash register’s profitability. Being aware of the atmosphere at and around your cash register is the key to preventing loss due to employee theft. To protect...Read More
Whether skimming cash from a register or falsifying records to cover theft, dishonest employees almost always have what they feel is a valid rationalization for their illegal behavior. While there is never a valid reason for employee theft, it’s useful for Loss Prevention professionals, owners, and...Read More
Sometimes you want a full three-course meal and other times, you just need a quick snack. DIGIOP CARBON offers a full menu of report building options. Just like the diversity of your menu selections, DIGIOP CARBON serves up a full selection of powerhouse exception reports—as well as on-the-fly,...Read More
Excessive Employee Discounts Exposed Quick Service Restaurants (QSR) face unique challenges in loss prevention with employee theft contributing at least $14.5 billion in costs annually (QSR Web). After a QSR installed our DIGIOP software solution, our loss prevention auditor discovered a long-term...Read More
While there are many types of employee theft in the workplace, time fraud can be expensive for your business especially with 43% of workers admitting to time theft. It’s estimated to cost employers more than $400 billion in lost productivity annually. It’s important to understand the different methods...Read More
With the average American spending half of their waking hours gazing at screens, imagine the additional hours logged by Loss Prevention specialists. DIGIOP’s powerful business intelligence tool, DIGIOP CARBON, helps reduce screen fatigue while improving efficiency. Visibility across your whole enterprise...Read More
Tax Code Alert As April 15th looms, taxes weigh heavy on your mind. But there’s a substantial tax savings you may qualify for if your business purchased new security or surveillance equipment this year, 2019, or last year (2018). H.R.I.’s Section 179 allows small and mid-sized business owners to...Read More
What is Organized Retail Crime (ORC) In a concise definition, “organized retail crime involves the association of two or more individuals engaged in illegally obtaining retail merchandise, data, and/or other resources in substantial quantities through both theft and fraud as part of an unlawful commercial...Read More
Just like technology, shoplifting tools evolve at a rapid pace. The most commonly used shoplifting tools are known today as boosters. Boosters are items used to conceal stolen items which assist the shoplifter in their theft. Shoplifting tools or boosters can range from innocuous items like a diaper...Read More
