Santa Fe Springs Chamber of Commerce

Security and Safety Briefing

Stop Your Inventory from Sprouting Legs –

Proven methods for better control of your

inventory.

Uncork Your Operational Bottlenecks

. . . BooST Your Bottom Line! TM

Theft Quiz – Part 1

• Percentage of employees who commit theft (Dept. of Justice)

• Cost to American companies annually (US Chamber of Commerce)

• Percentage of theft unnoticed (Chamber)

• Bankruptcies caused by theft (Employee Theft Solutions)

• 33%

• $20 – 40B

• 75%

• 33%

Theft Quiz – Part 2

2007 – Walmart employee theft outpaced

shoplifters by 50%

10-20-10

10% of employees will not steal no matter

the opportunity

10% will steal no matter what’s done to

prevent theft

80% will steal depending on how they

rationalize a given opportunity

Warning Signs

• Inventory discrepancies

• Empty boxes

• Claims of short shipments by customer

• Erratic or altered employee behavior

• Unusual traffic in/ around the area

Want to Reduce Theft? Focus On

These Key Areas.

• Physical Environment

• Software/ Technology

• Employees

• Procedures

Be Smart with Your Physical

Environment

Layout

Lighting

Entry/ exit

Fences/ partitions/ cages

Dock doors

Cameras/ mirrors

Let Your Software/ Technology

Give You Greater Control Install/ upgrade your ERP/ WMS/

MRP software

Launch a perpetual

inventory program

Conduct routine

physical inventories

Improve your security systems

Know Your Employees

Conduct background checks

Rotate responsibilities

Perform reviews regularly

Watch for shifts in attitude

Be aware of outside forces

Employees – Myths & Misconceptions

Myths and Misconceptions

Well-paid employees are less likely to steal.

Honest and loyal employees will report other

employees who steal.

Newer employees commit employee theft,

while senior employees can be trusted.

Procedures Offer Protection

Conduct regular cycle counts

Assure checks and balances are in place

Insist upon written Standard Operating

Procedures (SOP)

Employ slotting strategies

Control open access

• Increased profitability

• More reliable inventory accuracy

• Higher customer satisfaction

• Regain wasted time and resources

• Improved morale

Your Benefits from Being Proactive

More to Read on Prevention and

Security

Truck Parts & Service

“Safe & Secure” August 2009

http://www.truckpartsandservice.com

/apps/news/articletps.asp?id=80846

DRM Newsletter

“Theft Prevention” November 2009

http://www.diversifiedriskmanageme

nt.com/articles/theft-prevention.html

We’re Here to Help. Call!

Presented by Lee Schwartz, Principal

Uncork Your Operational Bottlenecks . . . BooST Your Bottom Line! TM

12257 Sunset Park Way

Los Angeles, California 90064

Phone: 310.450.2628

lee@schwartzpro.com

www.schwartzpro.com

© 2012 All rights reserved. Schwartz Profitability Group.

8138 2nd Street, Downey, CA 90241