New Loss Prevention Requirements and Challenges Call for the Expertise of Partners Like These

Today's loss prevention requirements are vastly different from those of yesterday. Luckily, these solution provider partners are up to the challenge.

loss prevention requirements

LP executives have a lot on their plate these days. They have to look beyond the traditional issues of shrink and physical security and consider a whole new range of risks. Luckily, the tools available to meet loss prevention requirements have made tremendous strides as well. Solution provider partners in our industry fulfill the crucial role of connecting LP with the technologies needed to conquer their challenges.

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Three stellar examples of truly professional solution providers in the LP space recently shared their insights in a feature interview with Jim Lee, LPC, for the most recent issue of LP Magazine. Kevin Lynch, Mike Grady, and Rex Gillette begin by defining their current roles and responsibilities and then move on to weightier topics, such as how the mission of today’s LP executive differs from what it once was. From the article:

LYNCH: When I started in the business, the customer’s title was security director. These individuals were typically retired state policemen or retired FBI agents whose job performance was predicated on how many shoplifters they apprehended. If you see how the title has changed, it reflects a change in the skill set needed to be successful in the retail landscape today. Asset protection vice presidents are now valued contributors in the executive suite. The best LP executives are as concerned about sales and operations as they are about shrinkage reduction. These men and women are return-on-investment business people.

Read more about how these three solution provider partners have changed their approach to the nature of the job in order to meet today’s loss prevention requirements—and what they respect most about today’s LP leaders—in “The Three Amigos.” You can also visit the Table of Contents for the March–April 2018 issue or register for a free subscription to the magazine. [Note: if you’re already a subscriber, the previous link will take you to the current issue instead.]

This post was originally published in 2018 and was updated April 19, 2018. 

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