Tag: preventing theft


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


Closing a Retail Store: Loss Prevention’s Role

Closing a Retail Store: Loss Prevention’s Role

Senior loss prevention executives throughout retail are coming to grips with a new entry into the field of promotional sale events—the all-too-frequent store-closing sale.

It is no longer a rarity that LP managers are called upon to design and implement shrink-control programs that protect inventories throughout the process of closing a retail store. Often, a   Read More


Why You Need a Retail Disaster Recovery Plan

Why You Need a Retail Disaster Recovery Plan

Loss prevention team duties don’t stop at preventing theft or managing inventory shrink. As evidenced by some of the major news stories of recent years, tragedies and crises in retail are bound to happen–and LP must meet the challenge. Are you prepared?

retail disaster recovery plan
Loss prevention team duties don't stop at preventing theft or managing inventory shrink. As evidenced by some of the major news stories of recent years, tragedies and crises in retail are bound to happen–and LP must meet the challenge. Are you prepared? [text_ad] The Chipotle Lesson, the Waffle House Index, and similar crisis phenomena are discussed at length in a feature article by Laurence Barton, PhD, in the January-February 2017 issue of LP Magazine. Barton, whose 2008 book, Crisis Leadership Now: A Real-World Guide to Preparing for Threats, Disasters, and Scandal, provides critical crisis management advice for executives, knows what he's talking about. In the article, Barton shares examples, lessons learned from recent crisis events, and practical tips on a retail disaster recovery plan:
It would be wise to assume that your competitors are ahead of you. They likely have fusion centers, not emergency operations centers. They are monitoring what Twitter is saying about your company and the crisis real-time. They know the crime trends in neighborhoods, not regions. They have fortified their fusion efforts to link crisis response to messaging with pre-populated statements and frequently asked questions. From a product recall to an industrial accident to a workplace violence incident, they have prepared beyond their peers. My hope is that you and your company move to that category of best practice sooner rather than later. Before 'it' happens to you.
Read the full article, “See You in Court,” to learn how loss prevention may become "crisis central" in the event of a disaster, or check out the other articles in the January-February 2017 issue of LP Magazine. Not yet subscribed? No problem – register here for free.

The Chipotle Lesson, the Waffle House Index, and similar   Read More


The Moral, Societal, and Legal Obligation for Theft Prevention

The Moral, Societal, and Legal Obligation for Theft Prevention

As a loss prevention professional, it is likely that you have responsibility for detecting, investigating, and resolving internal-theft cases. Doing so may support your organization’s zero-tolerance policy toward internal theft. Many top retailers rely on their loss prevention departments to give them a competitive advantage by controlling their operational costs   Read More


What’s Ahead in Technology in 2003?

What’s Ahead in Technology in 2003?

In the mid- to late-1990s, great strides in computer and telecommunications technology gave rise to an array of cutting-edge security solutions in all areas of loss prevention.

Buzzwords such as “digital signal processing,” “compression algorithms,” “intranet,” and “wireless” were added to our lexicon. These new technologies provided security practitioners with digital   Read More