Process loss is a general term that describes inefficient problem-solving in groups. Psychologists found that groups tend to focus on the information that they have in common, rather than their specialized knowledge.
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Articles by Adam Smith, CFE, CFI
Can ignoring the causes of shrinkage and refocusing strictly on sales solve our inventory issues?
At first, this may seem like an issue that involves only the retailer. However, the decision to ignore generally accepted cash and merchandise controls has far-reaching implications.
As a loss prevention professional, chances are that you conduct internal theft interviews. Furthermore, it’s probably the skill that impresses our business partners the most. You’ve no doubt been told several times that a particular person would not admit, only to have a written statement within an hour. These admissions
The idea that an Internet currency could solve the credit card hacker epidemic may seem counterintuitive. After all, hacking is a product of the Internet. Without the Internet, there would not be any point-of-sale (POS) retail hacking to fear. Bitcoin is far from mainstream, but it is a fascinating technological
Loss prevention professionals seem to be an eager group for continuing education. There are some great certifications in our industry, and I would encourage everyone to explore those. Additionally, a formal education can be a great foundation for a loss prevention career. These are great investments, but they do carry
The idea that an Internet currency could solve the hacking epidemic we’ve witnessed over the past few months may seem counterintuitive. After all, hacking is a product of the Internet. Without the Internet, there would not be any point-of-sale (POS) hacks to fear. Bitcoin is far from mainstream, but it