Friday, November 5, 2010

Utilize proper point of sales systems to help eliminate employee theft

It is an unfortunate fact that one in every three employees in a company commits some sort of act of theft. The sheer volume of crime that occurs within these businesses leads to losses of profit ranging in the billions of dollars every year. Having proper point of sales systems within your business establishment can help significantly reduce the occurrences of employee theft and help monitor day to day transactions, inventory flow and other information critical to keeping on top of your business. This still does not answer the question of why this happens and what steps can be taken aside from protecting your business assets.
If your retail business has not invested in a POS cash drawer or other technology that allows you to keep track of every detail in your store, it may be time to move forward with that step. If you are still relying on hand receipts and outmoded ways of inventory tracking, you may not come across a theft until a month after it happens. This is especially sobering for small businesses, as the economy is hard enough on them already, and these thefts quickly add up and eat into their profit margin. A POS software system could quickly be implemented into your business, so that you will be able to monitor and efficiently bring your company to success. Store inventory management is a critical component of any business, such as sales, profit margin, etc. And last but not least, make sure you hire quality employees, so that you do not have to fear or worry that one of them is stealing company products.

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