Empower your business with Machine Learning technology to effectively harness shrinkage impact, leading the way in a transformative approach to self-service retail loss prevention
Self-Service Loss Prevention identifies shopping patterns leading to theft at a store level and assigns an individual probability of theft to every self-service customer in the store. Theft probabilities are updated in real-time for every step of the customer journey!
Shrinkage in retail
Shoplifting is the leading cause of shrinkage in retail. Research conducted by ECR on 140 million self-service (Scan & Go and Self-Checkout) transactions from different stores & suppliers shows that theft’s impact on retail losses has been underestimated for years
- 2.8% of all store transactions contained at least one error
- 9 out of 10 times a self-service transaction with over 100 items contains errors
- 18% average higher shrinkage rate in stores with Scan & Go or Self Checkouts
- 60% of the time shoppers with over 50 items made at least one error
Take control of your store transactions by leveraging your data against fraud.
Self Service Loss Prevention pools information from available resources identifies fraud patterns, and learns based on those patterns - uncovering, on average, over twice the number of transaction errors during random checks than traditional measures.
Fully GDPR compliant - targets transactions, not individuals.
The platform offers customizable parameters that can be automatically adjusted based on store crowd-level. It detects fraud-sensitive products as well as checkout devices, calculating a personalized risk percentage and advising whether a partial or a full rescan is recommended to minimize theft.
The 360° strategy to reduce retail shrinkage and maximize profits
- Understand the main causes of shrinkage.
- Identify the gaps in your current operations.
- Recognize the signs of a good loss prevention strategy.
- Learn about the market-leading technologies that counter shrink.
Explore other In-Store & Checkout products
Ready to take control of your store transactions?
Speak to our experts and learn how Self Service Loss Prevention can prevent theft in your store.