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Maximizing ROI: Justifying Loss Prevention Expenses in Business Environments
Today more than ever, protecting assets and mitigating losses are big concerns for many companies. From convenience stores and logistic companies to retailers, the cost of loss prevention initiatives can sometimes seem burdensome. However, the National Retail Federation (NRF) reported that the average shrinkage rate for U.S. retailers in 2020 was 1.62% of sales. So,…
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Boosting Loss Prevention with Keyless Smart Locks
There is no greater responsibility for a business than ensuring the safety of employees and customers while at the same time safeguarding valuable products and inventory. Over the past few years, greater threats have risen that have forced businesses to take another look at their loss prevention and security measures. The impact of coordinated crime…
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RFID & LiDAR Technologies Enhance Retail Theft Prevention
The fight against theft remains a constant challenge for retailers. According to the National Retail Federation, the amount of inventory lost to theft increased from 1.4% in 2021 to 1.6% in 2022. In an industry already challenged by tight margins, that amount of lost inventory is substantial. However, advancements in technology have paved the way…
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Eyes in the Aisles: How Cameras and AI are Revolutionizing Retail Security
In the ever-evolving world of retail, the battle against theft has taken a technological turn. While retail theft has become more sophisticated with the advent of organized retail crime (ORC) and coordinated crime, technology used to combat theft has also become more advanced.
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Streamlining Large-Scale Technology Deployment
To stay on top of the ever-evolving landscape of technology, leading companies are constantly upgrading and deploying new devices across all their locations. The challenges associated with managing inventory during large-scale deployments can be daunting, but a managed IT services partner with a robust integration center and warehouse can be a game-changer.
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Enhancing Sustainability with Bailiwick’s Integration Center
In today’s competitive business environment, corporate sustainability has become a primary focus for companies striving to balance economic success with environmental responsibility. One often overlooked aspect of achieving sustainability goals lies in the efficiency of technology deployment and integration. Companies are turning to Bailiwick as a trusted partner to streamline their operations and to contribute…
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