Professional advancement and building a successful loss prevention career can mean many things to many different people. For some individuals, it may mean reaching a top leadership position at a particular company, perhaps serving as a director or vice president of loss prevention/asset protection. For others, it may involve gaining Read More
Tag: external theft
Everyone loves to discover new or exclusive products at great prices, particularly when traveling on holiday. The passport to vacation nirvana often begins with the spectacular tax- and duty-free airside emporiums at some of Europe’s biggest airports where products are tax-free for passengers traveling within the EU and duty-free for Read More
Inventory Control Job Description and Responsibilities
Functions included in an inventory control job description can vary based upon the work environment.
By Kelsey Seidler
What does a typical inventory control job description entail? Whether the specific title is inventory control clerk, specialist, manager, or coordinator, this vital position is usually responsible for ensuring Read More
What is the issue facing retailers regarding boosters and fences? There seems to be confusion over whether boosting or fencing goods is the primary cause of retail shrink. Is this issue one of those questions that we can break down into bite-sized pieces, make mathematical comparisons, study historical data, and Read More
Most retailers have adopted omni-channel strategies to meet consumers’ demand to browse or buy whenever and wherever they choose. But enabling everything from mobile point of sale (POS) to in-store pickup of online purchases has made inventory control and product logistics far more difficult.
The complex new retail environment is increasing Read More
LP has turned much of its attention in recent years away from petty shoplifters to crooked store associates and organized retail crime—and seemingly for good reason. Read More
In 2017, Adrian Beck, professor in the criminology department at the University of Leicester, published a piece in Security Journal outlining a new conceptual typology regarding loss. Beck argues that “shrink” is an antiquated term that lacks a clear definition in the retail industry. [Editor’s Note: Beck published a piece Read More
Every so often, a simple idea catches the imagination, fervor, and engagement of a group of people and is developed into a successful practice that revolutionizes a business. Electronic article surveillance (EAS) source tagging is definitely one of those.
This story commemorates the evolution of source tagging with The Home Depot Read More
By Matt Lincoln
Loss prevention has traditionally focused on shortage reduction through an emphasis on internal theft, external shoplifting, and operational controls. Resources to prevent these losses have been spent on developing programs and controls to stop loss from within the company.
Within the past couple of decades, however, retailers have identified the growing Read More
By Jack Trlica
Under the theme “Precision LP,” the Loss Prevention Research Council (LPRC) IMPACT conference concluded Wednesday after three days of presentations ranging from research results to case studies to law enforcement partnerships. Over 350 industry retail, supplier, and manufacturing executives attended the three-day event October 2-4 held on the University of Read More