What is a loss prevention system?
LPS+™ (Loss Prevention System+™) is a comprehensive management system designed to help organizations prevent all types of losses (personnel safety, process safety, reliability, product quality, etc.).
What is retail loss prevention system?
Loss prevention refers to the actions a business takes to reduce theft and fraud. These preventable losses, caused by human error or deliberate efforts, are known as “shrinkage.” Shoplifting and employee theft make up the bulk of a $61 billion annual problem for the retail industry.
What is loss prevention observation?
An LPO is a systematic method for (1) observing a work process and determining if the job or task is being performed according to standards (safety, quality, efficiency); and then (2) making recommendations to eliminate any discrepancies.
What does a loss prevention specialist do?
Duties/Responsibilities: Identifies, recommends, and implements systems to minimize loss of merchandise, money, or company assets. Audits and investigates sources of known losses. Monitors inventory to identify theft or shortages. Investigates suspicious customer and/or employee activity.
How do you spot a shoplifter?
How to spot a shoplifter
- seem to be watching you and the staff rather than shopping and may be waiting for the right moment to steal an item.
- seem to want to keep your attention and talk for the sake of it – possibly because an accomplice is elsewhere stealing.
- look like they’re taking little notice of your products.
What kind of job is loss prevention?
Loss Prevention Officers are employed by store owners to limit their losses from theft by discouraging criminal behavior and apprehending anyone attempting to steal products. Their role is to hold people accountable for the damage they cause to the company through vandalism or stolen products.
What degree is loss prevention?
Loss Prevention Specialist Education Requirements And Degrees. The education needed to be a Loss Prevention Specialist is normally a Bachelor’s Degree. Loss Prevention Specialists usually study Criminal Justice, Business or Psychology.