Comments on: Tech and the fight against organized retail crime

IntelliVid executive Jumbi Edulbehram says the challenge will get steeper as criminals become increasingly organized.

[skeptik]

blantant promotion

I've got to say I am very sceptical about the claims made here: 49%?
But if they are true, this problem ought to be greatly reduced with the implementation of RFID tagging and inventory systems, especially since the theft seems focused on narrow product lines.

Many companies are working on this technology currently, including the one I work for.

You can find out more here:
http://www.sparinc.com/rfid_services.htm

[skeptik]

blatant promotion

I've got to say I am very skeptical about the claims made here: 49%?
But if they are true, this problem ought to be greatly reduced with the implementation of RFID tagging and inventory systems, especially since the theft seems focused on narrow product lines.

Many companies are working on this technology currently, including the one I work for.

You can find out more here:
http://www.sparinc.com/rfid_services.htm

[skeptik]

blatant promotion

I've got to say I am very skeptical about the claims made here: 49%?
But if they are true, this problem ought to be greatly reduced with the implementation of RFID tagging and inventory systems, especially since the theft seems focused on narrow product lines.

Many companies are working on this technology currently, including the one I work for.

You can find out more here:
http://www.sparinc.com/rfid_services.htm

[rkm0]

Dodgy math

Let's hope the author's grasp of technology is better than his grasp of basic arithmetic. Even assuming as true his unsubstantiated claim about theft amounting to 49% of earnings, that does not mean a doubling of earnings if all theft is prevented. For example, say US retail sales are $400 billion. With a net profit margin of 5%, net earnings are $20 billion. If $10 billion (roughly 49% of net earnings) of theft is prevented, that would only increase profits by 5% of $10 billion, or $50 million. Not chump change, but nowhere near $10 billion.

[rkm0]

Dodgy math

Let's hope the author's grasp of technology is better than his grasp of basic arithmetic. Even assuming as true his unsubstantiated claim about theft amounting to 49% of earnings, that does not mean a doubling of earnings if all theft is prevented. For example, say US retail sales are $400 billion. With a net profit margin of 5%, net earnings are $20 billion. If $10 billion (roughly 49% of net earnings) of theft is prevented, that would only increase profits by 5% of $10 billion, or $50 million. Not chump change, but nowhere near $10 billion.

[rkm0]

Dodgy math

Let's hope the author's grasp of technology is better than his grasp of basic arithmetic. Even assuming as true his unsubstantiated claim about theft amounting to 49% of earnings, that does not mean a doubling of earnings if all theft is prevented. For example, say US retail sales are $400 billion. With a net profit margin of 5%, net earnings are $20 billion. If $10 billion (roughly 49% of net earnings) of theft is prevented, that would only increase profits by 5% of $10 billion, or $500 million. Not chump change, but nowhere near $10 billion.

[rkm0]

Dodgy math

Let's hope the author's grasp of technology is better than his grasp of basic arithmetic. Even assuming as true his unsubstantiated claim about theft amounting to 49% of earnings, that does not mean a doubling of earnings if all theft is prevented. For example, say US retail sales are $400 billion. With a net profit margin of 5%, net earnings are $20 billion. If $10 billion (roughly 49% of net earnings) of theft is prevented, that would only increase profits by 5% of $10 billion, or $500 million. Not chump change, but nowhere near $10 billion.

[skeptik]

blantant promotion

I've got to say I am very sceptical about the claims made here: 49%?
But if they are true, this problem ought to be greatly reduced with the implementation of RFID tagging and inventory systems, especially since the theft seems focused on narrow product lines.

Many companies are working on this technology currently, including the one I work for.

You can find out more here:
http://www.sparinc.com/rfid_services.htm