Following MICROS’ major success in the US market with its loss prevention and store analytical software, it has recently set up a dedicated business team, based in Nottingham, to help UK retailers use IT in helping them combat the losses associated with staff theft or fraud. Britain has one of the highest shrinkage rates in Western Europe and according to the European Retail Theft Barometer 2006, employee theft was responsible for 50% of shrinkage – 2% more than that of customer theft.
UK retailers recognise this shrinkage as a serious issue and because of this demand for loss prevention solutions has never been greater. Organisations are looking into IT to help protect their business against employee fraud, fraudulent returns and other such incidents. Exception-based reporting can help retailers to dramatically reduce shrinkage by focusing store operation teams on trends as well as incidents, which provides long-term effectiveness.
XBR from MICROS is the world’s most widely used loss prevention and store analytics tool, enabling organisations to deliver transparency across their whole business. It quickly identifies tracks and responds to store events, from the highest sale to a potentially fraudulent return, and enables managers to measure operational performance.
Micros Retail & Manufacturing Ltd
Tel: 0115 971 4545