Inventory Management Technology and Employee Theft
The folks over at Shopinventory.com recently posted an article on the Effect of Inventory Management Technology on Employee Theft.
“First, the most common scams would be impossible to catch consistently with other available monitoring methods. Second, software is not only more effective at identifying suspicious behavior, it is also ‘always on,’ and improves on inconsistent detection methods like management spot-checks to monitor employee behavior, [which] can easily miss theft” Jeff Hindman, vice president of NCR Corporation.
Not only does the article discuss mid and large sized stores, but they also break out the 'mom and pop' variety.
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Employees of which store type are more likely to consider employee theft a problem an which store type:
- Big-box stores
- Regional chains
- Mom-and-pop stores
Related IFPO Articles:
Shoplifting is Costing Retailers Millions, by Marisa Broughton, CPO
Employee Theft, by By Justin A. Walsh
Internal Fraud in a Retail Environment, by Marisa Broughton, CPO