Typical Problem

In Consumer Goods industry, Loss prevention is usually nonexistent as a corporative entity, for integrity policies and culture are not formally established and management and staff training does not include focused loss prevention contents. Also, loss issues are addressed locally through a security structure and approach, lacking technological support. Inventory processes are poorly defined and controlled specially for high risk products*, lacking appropriate inbound and outbound product checks.

Usually, there is a lack of job rotation within critical functions and non-integrated systems and controls through critical steps of operation. Together, there is a lack of focused and integrated loss prevention indicators and clearly defined methodologies to account for the losses.

* High Risk Products: Merchandise with high aggregated value and consequently targeted for burglary. They often have high liquidity and value in a black market.


Our Solution

ICTS identifies sources of losses within inbound-storage-outbound, distribution and commercial operations and eliminates or decreases its figures to world class levels , by first assessing the size and easiness to implement of opportunities. This allows quick wins development and implementation to be done in parallel with structural solutions development and implementation, bringing bottom-line results to our clients whilst the project is on-going.


Benefits to Our Clients

A loss reduction program will add value by improving the company's bottom line, by reducing losses by 50% to 75%, coming in line with industry standards of 0.2% - 0.3% of net revenues. The company will gain from improved cash flow and improved product availability.