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The role of the loss prevention function is to ensure the application of the company’s SOPs, when it comes to handling inventory and cash, in order to minimize those risks and protect those assets.

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In the case of any theft incidences, this team is the one who leads the investigation with the involved parties, by gathering all the information, going through CCTV footage, and getting statements from store staff.

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Loss prevention staff also regularly monitor CCTV to see if anything is unusual, and that the right procedures are being followed.

Another spot check they perform is a cashier or till spot check, where they count the money in the till and compare it with the amount on the system to check for cash shortages or overages.

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This section details how to properly locate, document, collect, label, package, store, and preserve bodily fluids during fire scene evidence collection and for subsequent use in testing or legal proceedings. Bodily fluids evidence includes blood, sweat, saliva, and skin oils and residues left by touching objects. The state of the bodily fluid (liquid or dried), whether it is on a movable or immovable substrate, and whether it is pooled on or absorbed into a substrate are key factors in determining which bodily fluids evidence collection procedure should be used. Collecting, packaging, and transporting bodily fluids as evidence must be done properly or the evidentiary value may be compromised. Follow the procedures in this section to implement fire scene evidence collection best practices for bodily fluids. If you are unsure which bodily fluids fire scene evidence collection procedure to use or do not have sufficient experience to execute the procedure, consult your laboratory prior to collection.

Loss Prevention is a function in retail businesses that is responsible for protecting the assets of the business and preventing or minimizing loss, by closely monitoring daily operations and ensuring the implementation of the company’s SOPs, especially the ones related to cash and inventory handling.

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Inventory is one of the biggest assets for retail businesses. Such asset has to move around and exchange hands multiple times, which subject it to multiple risks of shrinkage, due to errors or theft.

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We’ve put together a curriculum specifically designed for retail owners or retail professionals who want to advance into senior management roles.

Loss prevention employees try to prevent the different causes that lead to loss, by performing certain tasks on a regular basis.

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For example, a loss prevention employee can go to the store and perform a locker spot check, and see if all the valuable items kept in the staff lockers are documented in the sheet employees need to fill when they start their shift; especially if those items are from the merchandise that is sold in the store.

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For example, they ensure that the stores are operating as per the SOP, and they do this by performing regular spot checks to verify that certain procedures are being implemented and that all the paperwork has been done.

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We discuss the challenges concerning the use and regulation of police body cameras and if they will help stop police brutality and the killing of innocents by ...

Loss prevention is important because it helps the business improve its bottom line, by closely monitoring and preventing practices that lead to material losses in cash and inventory.

For those of you who are not using a digital evidence management system, or are stuck with a RMS product, odds are at some point you're ...

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