Loss Prevention Tips

Hi

Develop a Program:The loss prevention program should have a clear roadmap. You must develop ways to evaluate losses, predict them and avoid them. Collaborate with other Businesses:In order to prevent losses, you should consider collaborating with other similar small businesses.The loss prevention program should have a clear road-map. You must develop ways to evaluate losses, predict them and avoid them. Collaborate with other Businesses:In order to prevent losses, you should consider collaborating with other similar small businesses. You can work with other businesses on issues like audit practices, loss evaluation and using statistical ways of tracking trends. An employee's family or friends will frequent the store, shop, and go through the employee's checkout line where the employee will pretend to ring up items while actually only ringing up just a couple of the items.

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I totally agree to avoid loss in future one should be aware of the future threats. Some of the common future threats could be;

1. Alternate of the product
2. Increase in Competition
3. Natural threats
4. Stay in touch with law changes
5. Make your production process safe
6. Keep your accounts audited regularly
7. keep in mind of the potential market

Hi
Statistically, employee theft ranks at the top of the list for theft in the retail store, overpowering shoplifters by a significant margin. There are several ways in which an employee will steal from you.

"Sliding" merchandise is the most common form of employee theft. An employee's family or friends will frequent the store, shop, and go through the employee's checkout line where the employee will pretend to ring up items while actually only ringing up just a couple of the items. Deterring this type of theft is relatively simple. Post rules in your store that no employee may ring up their friends or family without witness of another employee. Additionally, you may decide that friends or family may not be rung up by the employee at all and can instead, chose another check out line.

Another common type of employee theft is "grazing". If you're in a retail store that sells snacks, it is very easy for the employee to pick up a candy bar to snack on while on duty without paying for it. To deter this type of theft, post rules in your store that the employee can not ring himself up. Instead, they need to be rung up by another employee. Additionally, tape the register receipt to the item itself with the ringing cashier's initials written on the item and the receipt, making sure to draw a line through the barcode. This will ensure during random checks that the item the employee has in his possession has been paid for.


Thanks

Hi

"Sliding" merchandise is the most common form of employee theft. An employee's family or friends will frequent the store, shop, and go through the employee's checkout line where the employee will pretend to ring up items while actually only ringing up just a couple of the items. Deterring this type of theft is relatively simple. Post rules in your store that no employee may ring up their friends or family without witness of another employee. Additionally, you may decide that friends or family may not be rung up by the employee at all and can instead, chose another check out line.

Thanks