Tag: loss prevention professionals
An Important Proactive Component of Effective Disaster Readiness
Loss prevention professionals are increasingly challenged with new corporate responsibilities. One such area is business continuity. Understanding the steps for implementing an effective business...
Taking Auditing to the Next Level at Staples
No retailer would ever want to go back to the pre-UPC days when cashiers rang up sales by hand, inventories were performed manually, and...
LP Hotlines Are Heating Up
Sarbanes-Oxley has turned the attention of top management to a loss prevention standard, the anonymous hotline.
Twenty years ago, the concept of providing an anonymous,...
Retooling the LP Strategy at Home Depot
If you're looking for the perfect LP strategy that will resolve accounting errors, stanch losses to internal theft, and scare away thieves, you can stop searching. It doesn't exist.
Procurement Fraud: Buyer Beware
There is arguably no area more susceptible to fraud than procurement. Why? The answer revolves around a disconnect between how organizations view internal buyers of...
Fitness Balance at Home and on the Road
Balance.
The definition may seem simple at first, but are we talking balance, the verb…or balance, the noun?
When it comes to balance in our lives...
Delivering the Corporate Mission
EDITORS NOTE: Roger Osborne is general manager of store operations at Hollywood Entertainment. He is in charge of the entire Hollywood Video field operations...
Gems of Leadership for Loss Prevention
EDITORS NOTE: Richard Mellor is divisional vice president of loss prevention at Helzberg Diamonds based in Kansas City, Missouri. He assumed this position in...
Retail Refund Fraud and Abuse
In almost every neighborhood, at least one resident is known for “renting” merchandise from stores. Some refund abusers have purchased ticket guns to reattach...
Changing the Loss Prevention Culture in Food Retailing
EDITORS NOTE:Dan Faketty is vice president of loss prevention at Harris Teeter, an upscale grocery chain with 143 stores operating in six southeastern states....