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
Tag: preventing theft
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
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
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?
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
As we march closer to 2020, a few common themes have emerged among the research questions that the Loss Prevention Research Council (LPRC) receives from its membership base. While much of our research seeks to provide insight on whether introducing a new loss prevention technology solution or policy to your Read More
Research Shows the Turtle Is Effective at Preventing Theft of High-Loss Products (Intelligent Loss Prevention)
The Turtle is a multi-functional EAS tag device that is used to secure packaged goods or display products. The Turtle emits a pre-alarm upon slight lifting or sliding. A full alarm sounds if the Turtle is removed from the product or if it passes through an EAS gate. The Turtle Read More
By James Lee
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