Question: How Do You Do Loss Prevention?

Is loss prevention a good job?

We asked Loss Prevention Associates how satisfied they are with their job.

Here is what they said.

70% of them said they were satisfied with their job and 72% said they find that their job makes the world a better place or helps to make someone else’s life better..

What is a loss prevention plan?

The Basics of a Loss Prevention Plan Your store(s) needs a top-down, strategic focus on loss prevention if you’re going to have a real effect on shoplifting and inventory losses. … Loss prevention embedded at all levels. Evidence-based tactics. Communication about shrinkage throughout the organization.

What are the 3 main causes of shrink?

Let’s take a look at the four main causes of inventory shrinkage:Shoplifting,Return fraud,Employee theft, and.Administrative error.

How can I be good at loss prevention?

Top 9 Effective Retail Loss Prevention Tips From the ProsStay Alert on the Sales Floor. … Install a Wireless Security System. … Include Safety & Security in Your Employee Training. … Advertise Your Security Measures. … Monitor Inventory With Your POS System. … Use Technology to Minimize Loss. … Stop Taking Cash Payments. … Add Large Mirrors to Your Store.More items…•

What are the duties of loss prevention?

1) Implement or monitor processes to reduce property or financial losses. 2) Investigate known or suspected internal theft, external theft, or vendor fraud. 3) Collaborate with law enforcement agencies to report or investigate crimes. 4) Conduct store audits to identify problem areas or procedural deficiencies.