Preventing revenue leakage
Keeping control on revenue leakage is a tricky challenge. Invariably there are bad apples in any organization.
If staff is indulging in malpractices like underbilling, pilferage, deep unauthorized discounting etc it leads to direct hit to your bottom line.
It has other harmful consequences also. For example your brand image gets diluted by unauthorized discounting.
We work with many retail brands to prevent revenue leakages.
Below are the key steps of our approach.
- Audit the stores using mystery shopping. Our experts create multiple scenarios to check if any malpractices are going on
- Create effective penalty frameworks for defaulting stores and provide brands with concrete actionable evidence to act upon
- Evolve brand’s theft prevention strategy by incorporating industry best practices to tackle revenue leakage
- Similar approach is taken to ensure there is no leakage of leads and counterfeit products are not sold