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Date: April 18, 2024 Thu
Time: 8:38 pm
Time: 8:38 pm
Results for benchmarking
1 results foundAuthor: Beck, Adrian Title: Emerging Technology in Loss Prevention Retailing: Benchmarking the Loss Prevention Industry Summary: Context - This is the second in a series of benchmarking surveys focussing on issues that are of particular interest to the retail loss prevention industry. - This study looks at the issue of emerging technologies and their use in the retail loss prevention arena. It presents data on the perceived value of nine technologies, the extent to which they are currently being used, and the primary problem they are considered to address. The study also collected data about how the loss prevention technology industry is perceived by loss prevention practitioners. - The survey sample represents $1.576 trillion in US retail sales (48% of the market) with a total of 123,333 stores. Findings - Exception-based Video Alerting was regarded as the technology with the highest potential, followed by GPS Product Tracking and then RFID. - Respondents were much less convinced about the potential impact or signifcance of Body-mounted Cameras and Biometric Technologies. - The technologies most in use or being piloted were GPS Product Tracking (46%), Exception-based Video Alerting systems (41%) and RFID (32%). - No retailers responding to this survey said they were currently using Body-mounted Cameras although two were planning to use them in the near future. - Exception-based video alerting, non-scan POS detection and Smart Shelves were the top three emerging technologies that respondents were planning to use in the near future. - Retailers selling apparel were more likely to be using or planning to use RFID. - Retailers selling food were more likely to be using or planning to use Non-scan Activation technologies and Smart Shelf technologies. - For those using or planning to use Feature Recognition and Smart Shelf technologies, they were seen by the majority of respondents as being important in responding to ORC. - A sizable minority of respondents (31%) also regarded Smart Shelves as being useful for inventory control. - RFID was primarily seen as a technology for helping with inventory control (81%). - Both Exception-based Video Alerts and Non-scan POS Detection were primarily seen as tools to help tackle internal theft. - Body-mounted Cameras were viewed as a tool almost exclusively to help with issues of safety and security. - Biometrics was largely seen as a technology to be used to target internal theft and safety/security issues. - Most respondents viewed the Loss Prevention Technology Industry's performance as being adequate (48%), with a signifcant percentage considering that they had been either successful or very successful (37%). Details: London, UK: LPM, 2017. 13p. Source: Internet Resource: Accessed January 21, 2019 at: http://www.jard.me/source/brochure/16_1509469871.pdf Year: 2017 Country: United Kingdom URL: https://losspreventionmedia.com/loss-prevention-magazine/m-benchmarking/understanding-data-analytics-loss-prevention/ Shelf Number: 154325 Keywords: BenchmarkingBiometric TechnologiesBody CamerasLoss PreventionRetail Loss PreventionSupply Chain SecurityTechnologiesVideo Cameras |