Our Best Resources to Prevent Losses

​What is Loss Prevention?

Loss Prevention is the concept of establishing policies, procedures and business practices to prevent the loss of inventory or monies in a retail environment. 

Developing a program around this concept will help you to reduce the opportunities that these losses can occur and more specifically, work to prevent the loss rather than solely be reactive to them after they occur.

Why You need to understand it?

When a retailer experiences a loss, they are losing direct to the bottom line profitability

Lost inventory requires replenishment at a cost to the retailer and lost monies cannot be replaced. The cost of these losses goes direct to the bottom line of a retail balance sheet causing lost profits, that could have been used for new inventory, new store openings, employee benefits, increased earnings or improving EBIDTA.

Corporate and Retail Security Solutions

With loss prevention being a major focus for both the Retail and Commercial sector IQ Security has a proven record delivering industry leading solutions. 

From security consultancy and reliable and tested commercial video surveillance solutions, facial recognition or covert camera installations through to access control solutions.

​How do I know if I may have a loss prevention problem?

Losses can be caused by many different reasons and through a wide variety of methods

To figure out if you may have a problem, we suggest that you search for possible symptoms that the business is not being as profitable as it was supposed to be.

Here are some questions you can ask yourself to see if you may have a loss prevention problem:

  1. Your cost of goods (or food costs) are increasing but your sales are staying the same or decreasing;
  2. You notice empty containers, hangers or missing items throughout your store;
  3. Employees are reporting shoplifting issues or concerns;
  4. You have been the victim of a robbery over the past year (robbers often look for easy targets);
  5. You are losing inventory but no one mentions any shoplifting or theft events (possible employee theft);
  6. One employee reports shoplifting events but nobody else is witness to these events;
  7. Sales are down consistently when a certain employee works;
  8. Your cash drawer never balances and has small overages and shortages;
  9. A certain employee has a high number of refunds, voids or no-sales and is not the only employee authorized to handle these transactions;
  10. Friends hanging around of asking for a certain employee.

If you detected any of these symptoms or want to implement preventive solutions, talk to our Security Specialists.

Don't wait for the worst to happen

Our Security Specialists are waiting for your call 

They talk to you, listen to your needs and concerns, and check your place looking for potential vulnerabilities and also check the installation necessities and requirements. 

Possessing all this information, usually, they build a security system which includes all points above, to suit your needs and budget.

Call 09 441-7100

All calls are answered within 30s
by our friendly team 

Monday to Friday from 8:30 AM to 5:00 PM

If you prefer, send us an email =>> 

Send us an email

{{errors.first('rs-49b4-4b04-8193', 'rs-49b4-ddc2-834f')}}
{{errors.first('rs-49b4-4b04-3694', 'rs-49b4-ddc2-834f')}}
{{errors.first('rs-49b4-4b04-e6cc', 'rs-49b4-ddc2-834f')}}
How to Deal with Losses and How to Prevent Losses

Simple Steps to Prevent Losses

Invest in an effective Inventory Management System

Control is the key to success. If you control your assets, you will have a good picture of what is happening in your business and when it happens. 

When you invest in good software to manage your stock, it is possible to track all your goods from the beginning and during all processes, so you will know when something happens, where it happened and when it happens.

Control Who Handle your Values And Monies

Again: control your monies and avoid leaving them available and accessible to everyone. 

It's really important to protect and secure your cash and valuables and control who has access to them. It is strongly recommended that you keep them in a safe and reliable place.

Train Your Staff

Many losses happen because of administrative mistakes. That's why it is so important to train your employees properly. 

Also, it is important to include procedures that can help them understand how to prevent losses, identify theft when it occurs and how to report and punish it. 

These measures, you will show your employees that you are paying attention and taking a strong stand to prevent any kinds of losses. This alone creates a deterrent to employee theft and mistakes.

Rely on Electronic Security Equipments

The possibilities are countless. From simple door lock and CCTV Camera to surveillance systems and software (like Market Application Suites for CCTV Cameras, like Facial or License Plate Recognition), through to access control and alarm systems. 

You can rely on all sorts of electronic security equipment and systems to find great allies to increase your control and prevent losses.

The best Security Tips for Small Businesses

Have you been thinking about security lately? You should. Small businesses are increasingly becoming the victims of crimes all over the world and in New Zealand, unfortunately, it’s notRead more

Security Alert: Are you One of the Millions of Accounts Hacked?

Another massive breach of security has exposed millions of emails and passwords worldwide, that’s why it’s time to review your passwords and not only update them, but also increase theirRead more

8 Signals that Your Security Equipment might be at Risk

How to make sure your security equipment is working and updated when you need and the key benefits of preventive maintenance  Read more

Top Breakthrough Tech Trends impacting Security Now

Trending Techs for 2018 already impacting Businesses in New Zealand The world is living it 4th Industrial Revolution Era at this moment and it is not much you can do about it, but you still have timeRead more

The most Amazing Tools to Increase your Instore Conversion Now

Retailers are always looking for new ways to increase their in-store customers’ conversion. Most retailers still use the old method of observing, talking to the customers, manually counting themRead more

How to Master your Security at a Commercial Building

There are many challenges for Commercial Buildings’ Security Management as they can be very difficult to control and protect. This complexity increases proportionally to the size of the building, iRead more

The future is now: Facial Recognition CCTV Technology

Far from being a technology only seen in a sci-fi movie, Facial Recognition technology is already influencing the day to day life and businesses. It has already changed the way we deal withRead more

How to Protect Your Construction Site? Part II – Prevention and Benefits

After being aware of the main vulnerabilities that some face in a Construction Site, the next step is the Prevention and Benefits of Construction Site Security. What's more: learn how to overcome soRead more

How to Protect Your Construction Site - Part I: Vulnerabilities

One of the biggest problems reported on a Construction Site is tools, materials (including electrical components), machines and also vehicle theft. Usually, thieves tend to believe that ConstructionRead more

What are Covert Cameras and the benefits of Installing it?

Spy, Hidden or Covert Cameras are very discreet CCTV Security Cameras used to capture footage in various environments and under different circumstances without being identified, detected or seen by tRead more

Solar Power Panels for CCTV Security Cameras

How to Be Awesome for the environment and Boost your Security Nowadays, becoming environmentally friendly is becoming more and more important and many companies and buildings are doing a lot ofRead more

Security Alarm for Business: Why You Should Install Now

As most businesses depend on physical assets such as equipment, inventory, data storage and sensitive information about customers, employees and suppliers, for example, it is really important that thRead more

This product has been added to your cart