The Importance of Managing Shrink and Waste
As the old cliché goes, there’s not a finish line, and for me it’s really about constantly trying to build on the success you’ve had and learning from the mistakes you’ve made. Believe me, you will make mistakes, but recognize you won’t make any if you don’t try.
Running Scared
Fear of crime is complicated, but realistic options are available to retailers to make their customers feel safer shopping in-store. Using the Precision LP framework, we recommend that local teams talk with shoppers and conduct visual audits to better understand those store characteristics impacting the fear of crime.
The Evolution of Interviewing
It’s 1930. You’ve just been arrested for a crime, and two extremely intimidating detectives are walking you into a cold, dark, soundproof interrogation room. What comes next more closely resembles something you might find on a medieval museum tour rather than what we deem acceptable practices in 2020.
How to Set Up a New Team for Success from Day One
In the startup-infused culture of workplaces today, it is likely for managers to find themselves responsible for new teams that have never worked together. The members will likely have a variety of backgrounds. No matter, the goal is the same: to get everyone working together as effectively as possible, as soon as possible. Here’s how.
A National Shoplifting Prevention Coalition: Driving Change Together as an Industry
LPM recently sat down with the NASP leadership team and members of their advisory committee to understand the current climate in the US around shoplifting, the impact of criminal justice reform, and the resulting need for a paradigm shift in our collective response as an industry.
Incident Reporting Best Practices: The Key to Moving Unknown to Known Shrink
How much of our shrinkage number is due to theft? How do you answer this question? Educated guess? Based on indicative feedback? Through deep data analysis? The “go to” tool to understand the answer to these questions, and move shrinkage from unknown into known shrink, is often the incident reporting tool.
A Long and Winding Road: LP Looks to Help Better Control the Supply Chain
A well-managed supply chain—one that mitigates security risks—is essential to a successful retail operation. But control is put to the test as the supply chain expands, morphs, and becomes increasingly intricate. LP executives are getting involved.
How Has Your World of LP Changed?
We asked a cross-section of LP leaders how work has changed for them during the last year, what they’re spending time on now that didn’t consume the same bandwidth when 2019 was just getting underway. We got a variety of responses.
The Future Is Now: Retail’s Revolution and Ramifications for LP
When getting the future right is a matter of real consequence, when it has the power to steer loss prevention down the right or wrong path, clickbait forecasting feels insufficient. A deeper perspective on the dynamics that are driving retail change, and on the foundation upon which changes will emerge, seems a better guide.
The Dynamic, Challenging, Innovative World of Risk Management
In an exclusive interview, LPM Executive Editor Jim Lee speaks with Kurt Leisure, vice president of risk services for The Cheesecake Factory. Leisure, who is responsible for risk management, insurance claims, safety, and loss prevention, provides valuable, wide-ranging insights on these important retail industry topics.