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Pilferage

80% of any theft is opportunistic. Depending on the work environment, putting security measures in place can prevent a good percentage of opportunistic theft. It is human nature for many who see items lying around to pick them up for themselves.

Loss prevention, cargo theft, and counterfeit are all very common buzzwords and industry concerns. One term that is not frequently talked about is pilferage. Pilferage is the theft of part of the contents of a package. This contributes to inventory shrinkage, cargo theft and the world of counterfeit. It is a theft that is estimated at over $15 billion dollars in loss.Photo

Yes, in many markets it is typically perceived that the cost of a security program doesn’t justify mitigating the risk of pilferage. We at ASAP have successfully shown our clients ways this can be accomplished in a cost effective manner.

“Solutions involve all phases of product production, packaging, distribution, logistics, sale, and use. No single solution is considered as ‘pilfer proof’. Often, packaging engineers, logistics engineers, and security professionals have addressed multiple levels of security to reduce the risk of pilfering”. https://en.wikipedia.org/wiki/Package_pilferage

Each situation is unique, but a good place to start is to have a security audit done. Security audits can not only educate employees and improve pilfer resistance but also help investigate feasible methods and who the potential pilferer might be.

Pilferage is a worldwide concern and companies realize that it needs to be addressed. A security program should complement the risk and its cost justification.

It is not easy gathering examples of pilferage as they are client specific and confidential in nature. However, it is a security risk that impacts inventory for many companies and an area that should not be overlooked.

Click here to learn more about theft and pilferage.

Posted in: Protective Services and Investigations

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