Customized Loss Prevention Services for Grocery Retailers
Grocery retailers face a multitude of challenges in shrink reduction, including high associate turnover rates, shoplifting of high-interest goods, employee theft, and more. In fact, recent industry reports suggest that almost 56% of shrink in grocery retail is due to employee theft. On top of these challenges, grocery retailers also face intense pressure to ensure compliance with a diverse set of state and federal laws which regulate the storage, sale, and distribution of various goods, including tobacco, alcohol, pharmaceuticals, and more.
In order to protect profit and margin in a highly-competitive industry, all grocery retailers, including wholesale, supermarkets, independant grocers and more, require targeted and vigilant loss prevention programs which effectively reduce shrink and improve profitability.
Your Partner in Loss Prevention
Working with many of today’s leading national and regional grocery retailers, LP Innovation’s customized services make it cost-effective and easy to demonstrate immediate results and return on investment. Our customized services for grocery retailers include:
Age Verification Mystery Shops:
Fines incurred by the sale of alcohol, tobacco, or other goods to a minor will make a negative impact on your profitability. LP Innovations offers Age Verification Mystery Shops, which are designed to check whether your associates are following state and federal mandates in the sale of these goods.
Pharmacy Audits:
In-store pharmacies bring a component of complexity to your loss prevention program, as maintaining the integrity of your pharmacy’s compliance with various state and federal regulations is vital to your profitability. LP Innovations’ Pharmacy Audit Program provides an objective, 3rd party audit, which is designed to ensure that policies and guidelines set forth by state and federal regulations are adhered to, thereby further protecting your organization from potential scrutiny or fines.
Exception-Based Reporting & Analysis:
Front-end locations are among the most susceptible for employee theft. Experienced in a variety of Exception-Based Reporting applications, LP Innovations provides actionable analysis to support the detection and investigation of front-end fraud, including Coupons, Open Keys, Voids, and more.
Employee Awareness & Training Programs:
Effective loss prevention programs start with well-trained employees. Make certain that your employees are knowledgeable in proper POS practices, physical safety guidelines and inventory policies through customized training and awareness materials designed to fit your corporate culture.
Target Store Programs:
For locations with high shrink or cases of employee theft and more, LP Innovations
develops and implements Target Store Programs, which are designed to uncover,
address and monitor the root causes of loss.
Click here to download our Grocery Retailer Brochure, visit our Resource Center, or contact us today to learn more!