Multi-Venue Operations
Stadiums, Arena's, Airports, Casino's, Malls and Convention Centers all have the same thing in common; they run multiple food, beverage and retail venues. It becomes a daunting task not only to manage the operations from a product and customer service standpoint, but it is a whole other challenge to keep these outlets profitable. Much of the time operators of these multi-venue operations have a hard enough time finding employees willing to work not to mention employees who can be trusted to handle cash and merchandise.
Admittedly it is impossible to catch every thief in your building, but there are tools in the eConnect portfolio which automate and streamline efforts to thwart these attacks on your business. With POS Connect, your business will see immediate results as it will catch criminal acts by your problem employees and send a strong message to other staff members that your business has the technology and the will to prevent loss.
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The objective is to maximize profits through reducing inventory shrinkage, essentially the value of missing inventory. According to the 2006 National Retail Security Survey, retail operations suffered an average annual inventory shrinkage percentage of 1.57% in 2006.[1] According to the survey, shrink is divided into 5 categories:
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46.8% from employee theft,
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31.6% from shoplifting
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14.4% from administrative error
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3.75% from vendor error
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2.86% from unknown error
State of the art exception reporting and fraud detection.