Loss Prevention

Retail and Restaurant industries lose billions of dollars a year to inventory shrinkage and cash loss. These losses are typically attributed to employee theft, external theft, systems and human errors.

As a Franchise Owner or small business owner, you are losing some percentage of your sales to inventory shrinkage, cash theft, or other fraud. The Association of Certified Fraud Examiners places this figure at a 6% average across all industries. With our experience in the retail and restaurant industry, we have seen this average range between one half of one percent and three percent of sales at retail depending on business system sophistication and level of commitment to a loss prevention program. We have also witnessed inventory shrinkage exceed 10% of sales with some retailers who have no loss prevention program in place.

HOW WE CAN HELP

The Mershimer Group builds lasting relationships with select restaurant, retail, and franchise organizations for the purpose of providing loss prevention insight, advice, and support. Ultimately, we provide solutions and products which help our clients reduce losses, thereby reaching their revenue and profit goals. The services and solutions offered include outsourcing a retailers Loss Prevention program to achieve and maintain an acceptable level of inventory shrinkage. The Mershimer Group’s service differs from that of other audit or loss prevention outsourcing firm as we provide in-depth and conclusive solutions meant to deter the problem long term. Others may simply identify the problem for their client to deal with, or attempt to resolve loss issues in “a couple hours” so they can move on to their next task. As a service outsourcer, The Mershimer Group will act as your in house loss prevention department, or supplement your existing Loss Prevention/Risk Management team.

SOLUTIONS

Our solutions do not involve simply handing the client a list of things to do, and then leave them to do it. Our bundled outsourced service program typically involves many of the following components for a monthly fee. This fee includes most if not all expenses related to the program:

• Loss Prevention awareness programs.
• Store and Restaurant Audits
• Business Abuse Hotline.
• Monthly or Quarterly Mystery Shopping.
• Development of a “Rules of Conduct”, or other Loss Prevention Policies and Procedures for the client to implement in their locations.
• Theft and Loss Analysis.
• Corporate loss prevention and security guidance and support.