classic | mobile
Follow us on:
Follow us on Facebook  Share via Twitter  Share via LinkedIn
 

Search...
Hi-Tech Security Solutions Business Directory
Residential Estate Security Handbook 2017


Know what’s in store
March 2018, Retail (Industry), Integrated Solutions

Fidelity ADT has recently been re-awarded the exclusive distribution rights for the Sensormatic Retail Solutions’ portfolio in sub-Saharan Africa and has its sights set on African expansion.

Ilze Van Eck, retail business development manager at Fidelity ADT, says the Africa strategy is ready for implementation and the business is aligning itself in-country for local support for its retailers. “The plan includes remote maintenance via the Internet for our African clients, with a remote help desk setup in Johannesburg.”

She reports that 70% of the SA retail market currently uses Sensormatic which includes all the large corporate fashion retailers and the largest FMCG retailer in Africa.

“Over the last five years we have seen great technology advancements in retail solutions,” says Van Eck. “RFID has become more accessible and has been boxed into a simpler solution without needing full point-of-sale or software integration. Acousto Magnetic Sensormatic EAS has changed to include built-in people-counting lenses and network-ready devices. Solutions have definitely moved from a copy-and-paste package to a customised solution based on a consultative process with customers becoming strategic partners.”

Customers can expect inventory intelligence, accurate stock takes, and stock replenishments from stock room to sales floor.

“At a time when store margins are under intense competitive pressure, shrinkage can make or break a retailer’s bottom line,” she says.

The 2014/2015 Global Retail Theft Barometer by Smart Cube and Ernie Deyle, pegs shrinkage costs at US$ 123,4 billion for retailers globally each year. That amounts to 1,23% of retail sales. The main sources of shrinkage includes dishonest employee theft (39%), shoplifting (38%), administration/non-crime losses (16%) and supplier fraud (7%). “More than 75% of the shrinkage can be attributed to employee theft and shoplifting,” says Van Eck.

High-risk merchandise includes items that are easy to conceal, with wide public appeal and have a ready market for resale, such as footwear, batteries, mobile device accessories, wine and spirits, and razor blades.

“According to the Barometer there are five key loss prevention best practices, the first of which is leveraging internal data to better understand shrink performance metrics and SKU category and store levels. We agree and believe retailers need to find the right tool to make this as hassle-free and accurate as possible. As mentioned, this may not be a one-fits-all solution but a combination of several solutions.”

An holistic approach is essential. “The mix of loss prevention solutions such as EAS, CCTV traffic data, people counting, employee training and so on, as well as communicating the solution and making it visible in-store is a great strategy,” adds Van Eck.

Access control remains a priority for retail clients, she adds. “Access control can be the route to all evil if not managed appropriately. Back areas such as cash offices and the like need to be strictly monitored and secure. It doesn’t help putting in an alarm system at home if you leave the garage door open and it’s the same principle with retailers. High risk areas need highly effective access control/CCTV monitoring.

“Putting it simply, retail clients want advanced monitoring tools that can analyse data from various sources and produce intelligent reporting. We will continue to provide this to our retail clients and the African market that we believe has great growth potential,” she concludes.

For more information, contact Ilze van Eck, retail business development manager, Fidelity ADT, +27 (0)11 697 7888, ivaneck.za@fidelity-adt.co.za, www.fidelitysecurity.co.za


Credit(s)
Supplied By: Fidelity ADT Security
Tel: 086 121 2400
Fax: 086 121 2405
Email: alwaysthere.i@adt.co.za
www: www.adt.co.za
  Share via Twitter   Share via LinkedIn      

Further reading:

  • Where safety, security and Industry 4.0 meet
    July 2018, Technews Publishing, This Week's Editor's Pick, Integrated Solutions, Industrial (Industry)
    Integrated security offers more than simply a means to keep unwanted people out of industrial settings, its benefits extend to supporting and enhancing daily operations.
  • Protecting the machines
    July 2018, Technews Publishing, This Week's Editor's Pick, Cyber Security, Integrated Solutions, Industrial (Industry)
    Security operations at industrial sites need to include cybersecurity and it needs to be treated with the same importance as the physical security of the site as well as health and safety standards.
  • Securex 2018 pulls the (right) crowds
    July 2018, Technews Publishing, Access Control & Identity Management, CCTV, Surveillance & Remote Monitoring, Cyber Security, Integrated Solutions
    With over 6000 visitors attending and exhibitors expressing their satisfaction with not only the number, but also the calibre of the visitors, this year’s Securex was a winner.
  • Beyond building security
    July 2018, Johnson Controls, This Week's Editor's Pick, Integrated Solutions, Security Services & Risk Management
    In Ireland’s smartest building, One Albert Quay, Cork, security and building management technology does more than police perimeters and keep the office at the right temperature.
  • The data explosion has just begun
    July 2018, Seagate Technology, IT infrastructure, Integrated Solutions, Products
    Data generated globally will grow to 163 zettabytes (ZB) in 2025; 163 ZB is like watching the entire Netflix catalogue 489 million times.
  • Critical doors under constant surveillance
    July 2018, Bosch Security and Safety Systems, Access Control & Identity Management, Retail (Industry)
    The Mall of Switzerland implemented a tailored, integrated access control solution for controlling access to restricted areas.
  • The good, the bad and the AI
    July 2018, Technews Publishing, This Week's Editor's Pick, Integrated Solutions, Security Services & Risk Management
    It’s estimated that AI will create a market worth over $35-billion by 2025 and the optimistic view is that humans and machines will work together to solve the world’s problems.
  • Guarding your time with WFM solutions
    June 2018, Technews Publishing, This Week's Editor's Pick, Access Control & Identity Management, Asset Management, EAS, RFID, Integrated Solutions, IT infrastructure
    Workforce management solutions ease some of the burden of out-of-sight-out-of-pocket costs for companies by instituting simple or complex checks to ensure that schedules are followed to the letter.
  • Simplicity, standards and predictability
    June 2018, Technews Publishing, This Week's Editor's Pick, Integrated Solutions
    In today’s world of technology, global communications and the IoT, we have almost endless options when it comes to building management.
  • Bringing different systems into a cohesive solution
    June 2018, Technews Publishing, Retail (Industry), Integrated Solutions
    Modern commercial environments no longer have the luxury of treating systems such as security and building management as isolated entities.
  • Afribiz Invest partners with RSS Security Services
    June 2018, News, Security Services & Risk Management, Retail (Industry)
    New security company RSS Commercial will give South African businesses and government departments fresh options, including the ability to maximise cost efficiency.
  • SA fraud statistics confirm higher levels of crime
    June 2018, This Week's Editor's Pick, News, Security Services & Risk Management, Retail (Industry)
    Once believed to be the domain of government, high level economic crime has become more common in the corporate arena with exposure of the wrongdoing of many reputable companies.

 
 
         
Contact:
Technews Publishing (Pty) Ltd
1st Floor, Stabilitas House
265 Kent Ave, Randburg, 2194
South Africa
Publications by Technews
Dataweek Electronics & Communications Technology
Electronic Buyers Guide (EBG)

Hi-Tech Security Solutions
Hi-Tech Security Business Directory (HSBD)

Motion Control in Southern Africa
Motion Control Buyers’ Guide (MCBG)

South African Instrumentation & Control
South African Instrumentation & Control Buyers’ Guide (IBG)
Other
Terms & conditions of use, including privacy policy
PAIA Manual
         
    Mobile | Classic

Copyright © Technews Publishing (Pty) Ltd. All rights reserved.