The Global Retail Theft Barometer reported that petty crime, such as shoplifting or employee theft, made up more than 70 percent of global shrinkage in 2009.
With further industry reports for 2009 noting that shrink grew significantly across the board with a staggering 50 percent of worldwide retailers experiencing an increase of shrinkage*, retailers - in the most most price-sensitive market are often struggling to allocate funding for security systems.

Indeed, most retailers know the benefits but simply cannot afford available solutions. In many cases, the cost of all the security equipment needed surpasses the entire security department’s budget. However, as prices for IP-based equipment continue to drop, the market is now seeing increased adoption and with the added benefits of network solutions (people counting, customer flow analysis, store planning / evaluation etc), systems which can bridge gaps between available technology, its capabilities and the general retailer’s awareness about the effectiveness of advanced loss prevention are looking to be the way forward.

Intrance's Orion3 application is a point in case and has been utilised across a number of key sectors including retail and most recently financial, where it underwent something of a transformation to meet a specific set of criteria for use in cash management operations for a major security services supplier.

Businesses are benefitting from ready-made applications with added functionality that enable them to minimise loss, improve merchandising, effectiveness, increase staff security and improve the bottom line.

If you'd like to learn more about Orion3, visit our product page or if you'd prefer to talk to us direct we'd be happy to answer any questions you might have. Call us on +44(0) 114 270 2478 and let us help you manage your shrink.

 
*Frost & Sullivan

Orion³ anyone? From people 'forgetting' to pay for goods to employee fraud, stores are using sophisticated software to target and deter shoplifters, says The Guardian.

Read the article online here

For more information on Orion³ go here

Just upgraded our Audio Visual exchange software at Derby General hospital, they can now access 40 cameras in theatre!!

Here's a few shots of the install under way...

Allows doctors and students to view live operations from separate training rooms while letting them speak live to those in the theatres through high-tech microphones. Facilities for record, playback and 2-way communication; all handled by rather nifty mobile cabinets!