By nature a conservative, risk-averse beast, the loss prevention industry is well suited to the task of playing steward to this enormously valuable, enormously risky set of big data. And when used properly, loss prevention is also well suited to the role of leader when it comes to guiding other retail segments toward best practices and responsible use. This is just one of the conclusions from the cover story, “Analytics: Where Big Data Is Taking LP and the Retail Enterprise” by LPM contributing writer Chris Trlica.
Four senior executives discuss professional development and career growth in the feature “Changing Roles and Challenges in Loss Prevention.” Stacie Bearden from Home Depot, Tim Belka from Walgreens, Art Lazo of 7-Eleven, and Brian Peacock from Rent-A-Center all provide their insights in this executive interview by Jim Lee, LPC.
“Rethinking Loss Prevention and Shrink Management” provides findings from the PricewaterHouse2015 retail industry survey written by William “Bill” Titus and SuniShamapande. The survey results suggest a need for many retailers to rethink their LP strategies, organizations, and practices.Among other things, retailers must embrace formal root-cause analysis and the use of data analytics to remain competitive in a dynamic, increasingly risky environment.
The Netflix documentary “Making a Murderer” has caused an outcry for justice in a system that is perceived by many as unjust. Taking social media by storm, this series has led to a downpour of compelling discussions on interview and interrogation techniques, false confessions, and alleged corruption in the criminal justice system. Wicklander-Zulawski’s Dave Thompson, CFI discusses the series in “Netflix’s Making a Murderer” as an example of how quickly and easily our society becomes divided and blinded when discussing potential injustice and impropriety during a criminal investigation.