MINIMISE SHRINKAGE, MAXIMISE CONTROL
The financial cost of crime in the South African retail industry is staggering.
According to a report by the South African Retail Risk Intelligence (SARRI) group, retailers in South Africa lose an estimated R23 billion ($1.5 billion) annually due to crime and other forms of shrinkage. This loss can be attributed to shoplifting, organised crime, employee theft, and other fraudulent activities.
The fight against shoplifting is an ongoing battle for the soul of our retail sector. By understanding your losses and acting decisively, you protect not only your own business but the well-being of your entire community. Let’s stand together to make our stores safer and our businesses stronger and reclaim a sense of security for everyone.
HOW IT WORKS
With a Vensafe solution, shrinkage can be eliminated at the same time as inventory control becomes more efficient. A Vensafe solution stores the premium price products in a dispenser placed at the exit of the store. Customers get product cards or tickets from touch screens around the store, move on to the checkout, pay for the products and then collect them from the dispenser.
BENEFITS OF THE VENSAFE SOLUTION:
ZERO SHRINKAGE
INVENTORY MANAGEMENT AND CONTROL
SATISFIED CUSTOMERS
MINIMAL WAREHOUSE
CALCULATOR – INSTANT ROI
Use our calculator to calculate your own ROI.
Shrinkage calculator:
If a product costs R50 and has a 10% markup, it sells for R55.00. If one product is lost, the business incurs a loss of R55.00, the cost and markup of the product. To recover this loss through sales, the business needs to make a profit of R5.00 per product sold. Therefore, the business must sell 11 products to recoup the R55.00 loss from the one lost item.
If the business loses 15 products of this value in a month, the resulting loss would justify the cost of installing a Vensafe system.
Potentially 100% ROI from day one!