Home Tags Internal theft
Tag: internal theft
Not every solution needs to feed into the crime prevention arms race. An important foundation, say researchers and industry experts, is for retailers to assess whether their basic control policies and procedures might be inadvertently contributing to employee dishonesty.
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.
Does technology-based employee monitoring reduce misconduct? Does it dampen or enhance worker productivity? What do you think?
A more effective way to attack this type of theft is to bring together retailers and law enforcement resources in order to share trends and case details.
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.
Am I sure that he is attempting to steal this merchandise? "Yes, I am sure."
In the United States and around the globe, shrink continues to be a challenge for retailers, especially as competition grows, profit margins constrict, and...