Retail Data Mining
All retailers are faced with levels of unknown loss which seriously impact profitability which are written off as a cost of trading, year after year. The unknown loss from theft and fraud by dishonest cashiers and the additional negative impact on margin caused by cashier error as well as poor PoS processes and controls are significant contributors that are all too often underestimated and underappreciated.
Whilst the retail industry acknowledge that up to 3% of turnover, or 25% of profit, can be lost to unknown loss every year, the contribution to those numbers caused directly at the point of sale are not so widely discussed. PCMS estimate, based on our solution delivery experience and expertise, that a minimum of 30% of whole business unknown loss can be prevented and returned to the retailer's bottom line.
To help retailers solve this ongoing problem, PCMS have made it our mission to provide the best possible solutions to retailers, together with expert advice, to significantly reduce those losses incurred at their tills and as such make them more profitable and more competitive. The PCMS VISION LossPrevention solutions supported by our highly experienced and skilled loss prevention team are able to provide our customers with all the counter measures required to specifically tackle unknown loss associated with EPoS and other associated activity. PCMS understand retail and fully embrace common best practice principles of shrinkage management within retail. In summary, we put our retail loss prevention experience and expertise into everything we do.
Our loss prevention solutions will fit your business, your structure, your people and your strategy whilst retaining complete scalability to meet your developing loss prevention philosophy.
With our team and our solution behind you we will guarantee your business profitability will improve considerably.