Knowledge Center: Jeff Stein Returns With Loss Prevention Tips
He’s back.
Jeff Stein, Loss Prevention guru and guest blogger returns tomorrow with some great Loss Prevention tactics for small to mid-sized retailers.
In 2006 retailers lost over $41.5 Billion in inventory shrinkage, according to a National Retail Security Survey. And with your very own employees responsible for almost half of that loss, how can the little guys keep in business without the resources available to a large corporation?
Here’s an easy tip from Jeff: “Use clear garbage bags. It’s too easy for an employee to put merchandise in the garbage and then retrieve it later.”
Jeff’s expertise in Loss Prevention began over 20 years ago, starting at his first LP job as a store detective for Haynes Department Stores. Now the president of Executive LP Services and MonitorClosely.com, Jeff kindly lends us his time and knowledge in bi-weekly posts.
Identity Resolution Daily’s Knowledge Center is a series of guest posts authored by some of the nation’s leading experts in identity resolution, loss prevention, fraud prevention and risk management. We also from time to time feature guest posts from authorities in federal government, retail, insurance and financial services sectors.
In tomorrow’s post, “Don’t Let Others Shrink Your Profits,” Jeff shares some great ideas on how to keep your employees from walking out the back door with your merchandise. Plus, don’t miss his “Top Ten Warning Signs of Internal Theft.”
Previous Knowledge Center posts by Jeff Stein:
- The Risky Business of Loss Prevention — “Loss Prevention is dangerous work. We are the first line of defense…
- Tech Tools to Trap ORCs — “One of the guys we caught actually had a typed report on how to shoplift. It was a complete instruction manual on…”
- Loss Prevention – Then vs. Now — “The fraudulent refunds that went undiscovered because employees and customers know how to stay under the radar by slightly changing their identity and or address can no longer hide anymore…”
