Can ignoring the causes of shrinkage and refocusing strictly on sales solve our inventory issues?
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Articles by Adam Smith, CFE, CFI
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.
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.
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