In convenience stores, Quantum Services’ auditors can help pinpoint which items are of most interest to five-finger bandits. Using reports generated from every inventory audit, auditors can save you time, money, and effort by being a part of a multidisciplinary approach to curbing retail theft.
Theft in retail has always been around. Stories abound with looters that take anything they can get their hands on, individuals that organize crime sprees, or where the perpetrator is an employee of the retail store, ripping off the employer for beer or candy. Sometimes very targeted merchandise is stolen. According to NACS, foot traffic in c-stores outperformed the year before, seeing a 0.4% increase in shoppers and Loss Prevention Magazine reports shrink remained elevated in 2024, up 26% from the previous year.
With the skilled and trained inventory Auditors at Quantum Services, we are a part of the solution to minimize shrink in convenience stores. Shrink can manifest itself through theft, outdated food and beverages, administrative error, and other methods.
· Methodology Our proven method for counting and reporting can reduce shrink in your stores, translating into consistent replenishment cycles.
· Crew Size With crews that average two people per audit, we are the extra eyes and ears—as well as the friendly faces that your customers see in the aisles.
· Proprietary Reporting Audit reports show exact location of shrink, by item or category. Loss history can provide benchmark data for managing store inventory. Seeing side-by-side comparisons allows store operators to easily detect inconsistencies.
· Deter Tactics Experienced auditors make recommendations for deterring theft, from shifting racks in line of sight of the register, to moving merchandise to a well-lit area, to locking goods behind the counter. Doing this regularly helps to shift behavior patterns of shoppers which leads to a decline in shrink.
The premise is simple: we are real people, in real time, in your stores, and our proprietary audit reports show the precise categories where shrink is happening. Quantum Services’ auditors will go through each report, such as the Stock Not Displayed and Items Not Counted, to indicate shrink or to look at loss history for benchmark data to manage your inventory. Once merchandise or a category is identified for shrink, the team makes suggestions for reducing shrink.
For those that exploit retail, no matter how stealthy or brazen, surveillance is not enough to deter the theft. Trust the reliable inventory auditors of Quantum Services to bring your store consistent, replenishing inventory. To learn more, contact us at 800.777.9414!