[pic] Retail Loss Prevention: Doing more with Analytics February 2009 DRAFT Abstract T he retail industry is in the middle of an unprecedented economic crisis. All retailers are trying to figure out how to cut costs‚ retain customers‚ conserve cash and more importantly stay in business. Recently‚ the National Retail Federation (NRF) polled readers of its SmartBrief asking them what was on top of their mind. Loss Prevention (LP) came in second only to the overall economy! It is no surprise
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Yossie Lebovic Corporate Security and Loss Prevention Professor Swanzey Final Paper Loss prevention in corporate and retail establishments is crucial to developing and maintaining successful businesses. The FBI reports that retail theft costs businesses $30 billion dollar a year overall‚ making theft prevention a huge concern. There are countless areas to consider when setting up a new business and one must carefully follow certain protocols as to prevent theft. Conducting a site survey‚ developing
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Getting assistance from associates is one of the more challenging aspects of loss prevention. This includes getting tips‚ helping us in a fitting room‚ known shoplifters or any other aspect related to loss prevention. To increase productivity from your associates you need to treat each person uniquely. There is no cookie cutter way to approach each associate. Every person has their own likes‚ dislikes and personality. You need to know your associates to find what motivates them. To find out
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Investigative Procedures Adam Cash AIU Abstract The following paper will analyze the key strategies for reducing loss and providing increased security in a corporate workplace. The paper will also develop a comprehensive individual and corporate loss prevention plan based on the key principles of security. Investigative Procedures The scenario reported to the Director of Internal Auditing needs to be fully considered and understood to its fullest before any type of action is taken
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Tavaski Gordon March 27‚ 2013 External Loss Prevention External theft is often caused by shoplifting‚ break-ins‚ robberies or other acts by outside sources. Although it does not cause as much loss overall compared to internal theft (National Retail Security Survey‚ 2008)‚ shoplifting and external theft most certain causes a substantial amount of loss annually to the retail industry (National Retail Security Survey‚ 2008). Controlling external theft requires a commitment to educating your employees
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Current Issues in Education Jeff Jonas ED5001-8 8-2-13 The issues to be analyzed are; Do teacher unions stymie school reform? Can merit pay accelerate school improvement‚ and can zero tolerance violate student rights? The school being analyzed in this paper will be Freedom High School in Oakley‚ California. Freedom is a comprehensive high school of slightly over 2600 students‚ grades nine through twelve. Freedom
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Security and Loss Prevention Plan Ramona Jalba Security and Loss Prevention • Initial concerns and concepts relating to security: 1. Recent history; 2. General areas the program will consider; 3. Legal requirements associated with protecting guests and property; 4. Elements involved in setting up a security and loss prevention program. Security and Loss Prevention • Security equipment and procedures as they relate to physical security‚ internal control and the overall protection of guests
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Loss prevention safety trainings are very important to overcome the situation. All the agencies must be offered a workplace safety course. Training to loss prevention supervisors & representatives must be given frequently. Training of operations‚ loss prevention‚ and technical are to be given to the employees. Similarly the following steps can be developed. EMPLOYEE ORIENTATION /INSPECTIONS: All employees must be given a proper orientation about the industry & company so that the fresh to join
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SECURITY AND LOSS PREVENTION MANAGEMENT Experts estimate that nearly 80 percent of all small businesses fail in their first three years. In most cases‚ the cause is poor management. One of the most neglected and poorly managed aspects of small business operation is security and loss prevention. Yet‚ according to U.S. Department of Commerce statistics‚ employee dishonesty alone causes 30 percent of all business failures. Add to that failures resulting from other crimes committed against company
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How to Calculate Sales Per Square Foot Retailers use this data to examine differences in same- store sales over time. Corporate analysts use this data to compare sales in different store locations of a retail chain‚ regardles of store size. This comparison can aid in deciding which locations to expand and which to contract. In addition. Sales per square foot is also by commercial property owners used to determine to determine the appropriate level of rent to charge a store. Steps
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