Tag: loss prevention audit


Supply Chain Inventory Management with Your Distribution LP Team

Supply Chain Inventory Management with Your Distribution LP Team

Loss prevention in distribution centers (DCs) provides a unique challenge to the industry. As with all LP programs, the distribution center loss prevention team is tasked with reduction of shrink and generating a sufficient return on investment to justify their programs.

Given the growing investment in supply chain inventory management, how   Read More


Recognize Your Resume as a Personal Marketing Strategy

Recognize Your Resume as a Personal Marketing Strategy

In an increasingly competitive job market, the importance that having a well-constructed resume can have on your loss prevention career cannot be overstated. The resume provides a summary of an individual’s experience, education, skills, and qualifications. However, that is an oversimplification of the power that this document carries and the   Read More


Controlling Retail Shrink in Stores with No Loss Prevention

Controlling Retail Shrink in Stores with No Loss Prevention

A question frequently asked by the typical retail customer—and even some loss prevention professionals just getting started in their careers—involves many of the smaller stores where they shop, and how shoplifting and other retail shrink concerns are managed in retail stores with no loss prevention team.

First and foremost, there are   Read More


LP101: Loss Prevention Audit Principles

LP101: Loss Prevention Audit Principles

The loss prevention audit is a means of providing an objective and consistent evaluation of company standards, operating procedures and internal controls. Using both quantitative and qualitative metrics, they allow us to appraise and address a variety of performance efficiencies that shape and influence service, sales, shrink, appearance, supervision, administration,   Read More


12 Months Into Becoming World Class

12 Months Into Becoming World Class

Many loss prevention professionals begin their career in established departments where they are lured to the structured succession planning, continuing programs, and enduring policies. However, there are LP executives recruited to develop a department or strategically expand an existing department. Their role is to develop and coordinate an infrastructure necessary to execute new   Read More


NEXCOM: Managing a Truly Worldwide LP Organization

NEXCOM: Managing a Truly Worldwide LP Organization

EDITOR’S NOTE: Fritz Hirchert is director of loss prevention and safety, responsible for traditional loss prevention and safety functions for the U.S. Navy’s store operations on bases around the world. Prior to coming to NEXCOM in 1995, he held LP director positions with Home Quarters Warehouse, a division of Hechinger’s   Read More