Tag: inventory shrinkage


Restaurant Theft: The 5 Most Common Methods

Restaurant Theft: The 5 Most Common Methods

Restaurant employees can hurt profitability in a variety of different ways. Rarely is restaurant theft as simple as taking money from the cash register. Given that restaurants operate on incredibly narrow margins, it is important to identify and reduce the opportunities for employee theft. Here are five common ways in which   Read More


How to Define Loss Prevention

How to Define Loss Prevention

“So, what do you do?”

This is common question that for some loss prevention professionals presents a perplexing set of thoughts. “How do I adequately satisfy the inquirer’s request, without overcomplicating the dialogue?”

At a retail event, the response “loss prevention” is sufficient, or maybe “asset protection,” depending on the retailer. At   Read More


What to Do about OOS in Retail

What to Do about OOS in Retail

In the mature and highly competitive retail sector, ensuring that the right product is on the right shelf at the right time is critical. Yet the problem of shelf out-of-stocks (OOS) remains as stubborn as ever. Could the loss prevention team be the key to unlocking this new sales opportunity?

This   Read More


What Does a Loss Prevention Associate Do?

What Does a Loss Prevention Associate Do?

Loss prevention—also known as asset protection—is an ever-broadening, ever-growing field that has a lot to offer an entry-level job seeker. According to the Loss Prevention Foundation, the industry’s “wide spectrum of career options and tremendous potential for professional growth” make the job a rare find in today’s labor market. And   Read More


Shedding Light on Retail Theft Statistics

Shedding Light on Retail Theft Statistics

Loss prevention and retail industry professionals have a responsibility to stay informed about the latest retail theft statistics. This post provides a snapshot of what retailers currently face when it comes to loss and theft.
Inventory Shrink
Inventory shrinkage refers to the difference between the merchandise a retailer shows in its records   Read More