Loss Prevention Audit
A supermarket chain's objective was to have an independent, accurate and impartial audit on how compliant stores were on the stock protection process and procedures, whilst ensuring that the necessary corrective action was taken.
REQUIREMENTRGIS was required to complete an independent, accurate and impartial loss prevention audit which consisted of:
Unannounced audits to all stores, within an agreed period
Consistent measure across all stores
Tailored reporting that would identify compliance and create an action plan per store
Accurate audits conducted in a professional wayProvide
improvement recommendations on a store by store basis
SOLUTIONThe RGIS approach was to listen to the supermarket chain's requirements and as well as gaining a clear understanding of their
end goals and objectives, complete with any existing barriers:A
project manager was assigned in order to capture the much needed detailed customer requirement and to manage the project from start to finishA
dedicated audit team was selected, fully trained by the customer and accredited for this projectThe
collaborative approach enabled RGIS to review the current process and procedures without any resistance, resulting in the decision making and solution finding to be a very
smooth process
RESULTSThe supermarket chain found the outcome of this project was a success from the beginning, due to the fact that the key metrics had been established with RGIS from the outset.Key stats:
Improved awareness of the loss prevention requirements and process across all the supermarket chain's storesMultiple version of the
store compliance was reduced to one single version, with easy access to all stakeholdersAudit non-compliance
reduced from 91% in the first cycle to 15% during the third cycleAvailability of
product protection equipment at the first cycle increased from 40% to 85%Key learnings were shared in order to
improve compliance across all stores View and Download Case StudyRelated Services:
Loss Prevention Audits