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Tag: internal and external theft

audit

Creating Individual and Group Accountability in Retail Loss Prevention

Once you have senior leadership's buy-in, you can then create accountability for controlling loss beyond the LP team. The best place for accountability is in your company's performance reviews.
reduce shrinkage

A Root-Cause Analysis May Help Reduce Shrinkage

As the industry transitions from bricks and mortar to “bricks and clicks,” the capabilities of existing systems are being stretched thin, and many retailers have not fully integrated the new technology required to manage loss and reduce shrinkage effectively in an omni-channel world.
Shrinkage Control, in-store audit

How to Perform An In-Store Audit That Will Guide and Motivate Improved Performance

The three major causes that contribute to inventory shrink in any retail operation are internal theft, external theft, and operational compliance. An effective loss prevention program must focus on all three of these areas.
retail shrinkage rates

The Worldwide Impact of Shrink

In the United States and around the globe, shrink continues to be a challenge for retailers, especially as competition grows, profit margins constrict, and...
Analytics Data Loss Prevention Strategy Retail Asset Protection, retail data analytics

Retail Data Analytics: A Straightforward Breakdown of Types and Sources

Preliminary analysis of how LP teams are using data analytics suggests it is being used in at least three ways, based on the type of analysis being performed, the frequency with which it is done, and the type of employees using it.

Day 2 of the Innovision 2018 Conference

Leading off the final day of the 2018 Innovision Conference from Fort Lauderdale was a keynote presentation with Dr. Rick Goodman, a former physician...

Understanding Data Analytics in Loss Prevention

The focus of our next benchmarking survey will be data analytics. In our survey of loss prevention practitioners, this topic was ranked second highest...
inventory shrinkage, how to calculate shrinkage in retail, loss prevention audits

LP Insider’s Top Five Inventory Shrinkage Articles of 2016

How to Calculate Shrinkage in Retail Understanding how to calculate shrinkage in retail is a fundamental but critical concept within the loss prevention profession as...
Targeting Shrinkage with a Comprehensive Loss Prevention Program for High-Risk Stores

How to Design a Loss Prevention Program to Attack Shrinkage in a High-Risk Store

Integrating an effective loss prevention program can yield dramatic improvements when it comes to mitigating inventory shrinkage. But aligning an LP department appropriately within...

Discover the ISS Difference in Custom Product Development (ISS)

Industrial Security Solutions (ISS) specializes in providing a complete range of EAS and CCTV products and services that focus on cost-effective solutions catered to...
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