Loss Prevention

NAME: Asah-Kissiedu Frederick ADDRESS: Helmari Woonstelle, Room No.16, Kruger Street, and Wolmaranstad.2630
STUDENT NUMBER: J0502425
inquire 1: Write a short essay (of non more than 2 pages) on privation Prevention
Loss Prevention is the act of reducing the amount of theft and shoplifting within a business
Loss Prevention is also classmes instituted to sustain loss or theft within a business. For example, galore(postnominal) retail companies have a loss prevention program in place where special tags on their product result sound off an alarm if it is not properly deactivated or removed before the product leaves the store in society to prevent shoplifting.
Loss prevention is the innovation of establishing policies, procedures and business institutionalise to prevent the loss of inventory or monies in a retail environment. Developing a program around this concept helps to reduce the opportunities that these losses can occur and more specifically, civilise to prevent the loss rather than solely be reactive to them after they occur.
When a retailer experiences a loss, they are losing this instant to the bottom line profitability.



Lost inventory requires replenishment at a cost to the retailer and lost money cannot be replaced. The cost of these losses goes directly to the bottom line of a retail balance sheet causing lost net. That is profits that could have been used for new inventory, new store openings, employee benefits or increased earnings.
Like any other part of your business, a loss prevention function or established puzzle helps hold back the business better. The sizes of your loss prevention function; department or program depends on your business.
Having an established function that includes program element and resources to establish, implement and monitor loss will make your business more profitable and less susceptible to plastered losses.
Moreover most losses occur in deuce-ace categories;...If you want to get a full essay, order it on our website: Ordercustompaper.com



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