Industrial Inventory Theft Prevention

A specialized application of the BellHawk materials tracking and traceability software is its use in theft and fraud detection and prevention.

Theft of materials from industrial  organizations can be a significant problem because they such crimes often perpetrated by trusted individuals within the organization, sometimes in collaboration with organized crime.

Examples of the targets of thieves include:

1. Metals - ranging from precious metals to scrap copper, brass and steel that can be resold to scrap metal dealers.

2. Cosmetics, electronics, and other products that are made under contract and then sold at a high markup due to the trade-mark and other intellectual property rights. These are often sold on auction sites such as EBay.

3. Pharmaceuticals and pharmaceutical grade chemicals that can be converted to illicit drugs.

Sources of loss include:

1. Deliberate short shipment by vendors

2. Theft in the receiving department and from stock-rooms and warehouses.

3. Diversion from manufacturing processes under the guise of scrap

4. Diversion of materials being shipped and in-transit to customers.

BellHawk Systems enables manufacturers and industrial distributors to detect if and where materials are being diverted by tracking the materials at the container or item level from the vendor, through receiving, through production and through picking, packing and shipping to the end customer. This includes tracking materials that are scrapped, recycled or returned to vendors and from customers.

The BellHawk tracking and traceability software builds an accurate database of  time stamped records of all materials movement and processing, including who moved or processed the materials and what losses occurred at each step in the process. The BellHawk software also makes it easy to spot check inventory and work in-process or to perform a full audited accounting of all materials in stock.

Simply implementing a BellHawk system acts a major deterrent to theft because employees know that they are being monitored and that any theft or diversion will quickly be detected. It can also really help honest employees by demonstrating that what was suspected of being stolen was really lost through normal scrap and wastage in manufacturing processes.

The data collected by BellHawk can also be used to prove to customers who own or are directly paying for the materials used that theft or diversion did not occur. This is especially important to contract manufacturers, defense contractors and third party logistics organizations.

Please click on the following link for more information about the BellHawk software.

For more information about how BellHawk Systems can help you with your specific inventory theft problem, please contact BellHawk Systems by clicking on the link below: