Tag: loss prevention team


The Reinvention of Retail Stock Management

The Reinvention of Retail Stock Management

Everyone knows that the first rule of managing inventory shrink is being able to measure it. This means distinguishing between known and unknown loss and between malicious and non-malicious reasons for stock not being where it should be. And in an industry where loss prevention practitioners are increasingly more commercially   Read More


Process Loss and Cross-Functional LP Teams

Process Loss and Cross-Functional LP Teams

Ask any loss prevention team what the most important aspect of interfacing with senior management is, and you’re likely to hear the terms “partnerships” and “cross-functional.” These elements are not specific to the loss prevention industry. You would probably hear a similar response from an executive in any other department.

Working cross-functionally   Read More


Improve Your Supply-Chain Security Management

Improve Your Supply-Chain Security Management

Supply-chain asset protection (SCAP) in business has traditionally been reactive instead of proactive. SCAP teams are often housed in headquarters or a regional hub and called upon to investigate incidents and deal with the outcomes. That means the “protection” side of the role isn’t aggressively fulfilled, and the process becomes   Read More


Drug Diversion: Preventing Retail Pharmacy Theft

Drug Diversion: Preventing Retail Pharmacy Theft

As loss prevention professionals, we are all familiar with the nuts and bolts of running an investigation for a concealed shortage, cash register shortage, or a robbery. We have become the subject-matter experts with regard to merchandise or cash losses as well as developing an expanded role in safety.

One area   Read More