Loss Prevention Experts

Agilence for Loss PreventionPoint-of-Sale (POS) shrink is an ever-growing problem in retail. And with today's economy, analysts predict that POS shrink will continue to grow.  Agilence identifies shrink caused by cashier fraud, operational inefficiencies, and policy violations.

Loss prevention (LP) experts are given a daunting task; reduce the shrink within an organization with limited resources and funds.  Technology continues to evolve to help LP staff attack the problem in all areas of the store.  Researchers estimate that over 50% of retail shrink occurs at the point-of-sale.  And, while most companies have installed CCTV and exception reporting, shrink continues to rise.

Agilence goes beyond traditional exception reporting to enable retailers to identify shrink events much earlier and with a far greater frequency than any other tool on the market today.  Combined with Agilence Analysts, LP teams are able to identify, investigate and eliminate shrink reducing events in record time.

And, because loss prevention is not just about theft or fraud, Agilence also identifies other activities such as operational inefficiencies and policy violations.

Samples of shrink activities identified by Agilence include:

  • Fraud Activities
    • Sweethearting
    • Discounting
    • Building a Bank (refund fraud)
    • Coupon & Promotion Fraud
    • Check & Credit Card Fraud
  • Operational Inefficiencies
    • Evaluate and minimize open rings
    • Identify point-of-sale processing errors
    • Ensure electronic article surveillance (EAS) program compliance
    • Improve cash handling processes

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