Tag: inventory control accounting
Fraud Detection Techniques Using Big Data
Deep inside the data warehouses of companies across the world, billions of dollars are trapped in the subtle variations between the binary 0s and...
Employee Theft Consequences: Risk vs. Gain Theory
I have frequently heard managers conveying the wrong message when addressing associates about employee theft consequences. These managers say things like "Don't steal, or...
Start with a Good Cause: Loss Prevention Strategy Examples
In today's retail business environment, everyone is seeking a competitive advantage. It could be in technology, people, business practices, or newly developed programs. The...
Loss Prevention in Retail: How Do You Create Your Vision?
I remember walking into the office for the first time. A new company, a new position, a new city. The size of the building...
Interview and Interrogation Training: From “Lie to Me” to Synergology
If a person crosses his or her arms during an internal theft interview and does not talk, does it mean they are lying, or are...
Drug Diversion: Preventing Retail Pharmacy Theft
As loss prevention professionals, we are all familiar with the nuts and bolts of running an investigation for a concealed shortage, cash register shortage,...
Loss Prevention Managers: How Do You Deal with Problem Employees?
You hate confrontations with employees. They only seem to make things worse. Sometimes you even end up firing an employee. For these reasons, you generally avoid giving...
New Retail Technology in 2017 Adds Value through Analytics
New retail technology has evolved exponentially over the past few decades, especially when it comes to analytics. Originally, descriptive analytics was the primary investigative tool...
15 Best Practices for Inventory Loss Prevention
In April 2014, the ECR Europe Shrink and On-shelf Availability Group received a special award from ECR Europe to celebrate 15 years of the...
Preparing the Final Voluntary Statement
When we first started to provide interview training to Europe in 2009, we were surprised to find that the process of obtaining a voluntary...