Tag: loss prevention team
By John Wilson
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
Last month, the first book on analytics for loss prevention was released, Essentials of Modeling and Analytics: Retail Risk Management and Asset Protection. The book explores the relationship between criminology theory, analytics and loss prevention. In a series of articles for LP Magazine, the authors will highlight a few thought-provoking Read More
The 2017 Organized Retail Crime (ORC) Survey, an annual survey conducted by the National Retail Federation, continues to show the impact that organized crime is having on the business of retail. Each year the study explores the many ways that organized retail crime continues to grow and evolve based on Read More
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
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
By Joseph Muha
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