For retailers, shrink is a significant issue impacting the bottom line, in some cases up to 2% of sales are lost to shrink up and it is a 107 billion dollars issue globally.
Shrink can come from many sources from theft, fraud or procedure errors, and loss prevention techniques is an ongoing subject of strong interest to retailers.
Today I talked to Rick Simon, Cisco retail technology partner manager working with partner Agilence about the National Retail Federation Loss Prevention Conference at the Gaylord Convention center in Dallas, TX June 13-15.
The exhibit hall for the conference is open June 13-14 and Agilence will be at booth #1601, demonstrating their point of sale video auditing solution on reducing shrink at the point of sale checkout.
Cisco will be the technology provider for the Agilence booth including video surveillance technologies, Cisco Cius and UCS Express. Instead of separate digital video recorder, router and servers in each store, Cisco will combine all the functionality in a single hardware platform combined with IP-based video camera technologies. This helps retailers reduce the technology complexity and costs in the stores which allows deployment of new capabilities in the future.
Qualified retailers can download a free expo pass form for NRF Loss Prevention Conference at www.cisco.com/go/retail and schedule meeting with Agilence and Cisco through their account managers.
Cisco partner Agilence develops Hawkeye, an industry leading POS video auditing solution that enables retailers to quickly identify losses caused by operational errors, promotion execution, systemic errors, and associate fraud. Hawkeye efficiently identifies store-wide losses at the point-of-sale before they can erode profit margins and provides retailers with a 6-to-1 ROI in less than 12 months. For more information please visit http://www.agilenceinc.com or Cisco point of sale video auditing solution web site.