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With shrinkage costing European retailers an estimated €32 billion per year, it’s hardly surprising that many CEOs have woken up to the fact that a more ‘can-do’ and proactive approach is required to arrest the problem and its perpetrators
This new breed of retailer has recognised that growth in sales at the top end can no longer compensate for the haemorrhaging of loss to the bottom line caused by theft and internal fraud. This is why many are now seeking outside assistance from specialists who understand their pain and deliver by never shrinking from shrinkage and its causes.
The ORIS Group - the UK’s leading loss prevention specialists - whose customers include; Argos, Austin Reed, Boots, Carphone Warehouse, French Connection, Homebase, Jaeger, New Look
and Woolworths are assisting their customers in driving towards a zero-tolerance approach to shrink.
The ORIS Group provides the strategic consultancy that can affect culture change throughout a retail business, while on a tactical level, provide the web-based technology that remotely maps shrink and delivers real time data to the key stakeholders - from loss prevention teams to HR and the all-important store managers - in an easy-to-use and intuitive format.
ORIS Case Manager, for example, tracks cases of internal fraud from the point of reporting to the successful closure of the case while its Incident Manager solution can inform a business of the
true extent and cost of incidents - including identification of criminal trends and modus operandi. Both of these solutions offer a wide range of visual reporting suites and the ability to drill down into valuable operational data.
This holistic approach not only succeeds in arresting the problem, but empowers and incentivises all levels of the business to make a permanent difference by making ‘shrink’ public enemy number one. |
