Texas Loss Prevention Question
What is Loss Prevention?
While many people believe loss prevention is simply trying to catch shoplifters in a retail store, it actually goes far beyond that. While store operations are a major component of loss prevention, the majority of companies within the business world have various types of loss prevention programs. In fact, businesses that have warehouses or other storage areas as part of their company often use high-tech loss prevention methods, including 24/7 video surveillance, to catch would-be thieves, which in most cases are employees or others who may gain access to the area.
What is Loss and Prevention?
In any business, the ultimate goal is to be able to make a profit, and preferably as large a profit as possible. However, for businesses that have a significant problem with loss prevention, making a profit can be difficult. For example, in the grocery industry, profit margins are extremely thin, often hovering around two percent. Therefore, these stores cannot afford to lose items to shoplifters. In many cases, when only one or two items are stolen, as many as 50 will need to be sold to make up for the previous items stolen. Because of this, it is crucial for businesses, particularly retail businesses, to have a loss prevention program in place that incorporates not only trained personnel to monitor a sales floor, but also high-tech surveillance methods.
What is Loss Prevention in Retail?
When it comes to loss prevention in a retail environment, there are many different aspects and goals. In fact, the Shoplifting Prevention and Apprehension Program offered by Ranger Guard and Investigations encompasses many key aspects, all of which combine to greatly reduce the problems a business has with employee and customer theft and loss. Using combinations of uniformed and undercover loss prevention security officers, along with video surveillance, special tags put on products, and detectors positioned near exits that sound an alarm when thieves attempt to remove items from a store, Ranger Guard and Investigations can help a retailer reduce loss prevention problems associated with theft, operating inefficiencies, and control deficiencies.
What Stores have Loss Prevention?
The answer to this question can run the gamut. Suffice it to say, virtually all major retailers in today’s world have extensive loss prevention programs in place, using security officers and the latest high-tech devices to deter customer and employee theft. However, more and more smaller retail businesses have also started to incorporate various aspects of loss prevention services into their businesses. As technology has evolved in this field, smaller retailers can take advantage of state-of-the-art video surveillance, as well as detection tags and detectors at exits, to reduce the amount of theft that takes place. From clothing and gift shops to hardware and grocery stores, there is virtually no store in today’s business environment that does not incorporate various loss prevention methods into their daily operations.
What are the Main Goals of Loss Prevention?
When Ranger Guard and Investigations works with a company to create and enact a loss prevention program, there are three main goals associated with the program, which are Personnel Safety, Business Continuity, and Asset Protection. First and foremost is personnel safety, since apprehending and detaining a possible thief can sometimes be dangerous. Therefore, all loss prevention officers employed by Ranger Guard and Investigations are thoroughly trained in criminal law, surveillance methods, and related areas. And since businesses want to have loss prevention services be as easy as possible, we work hard to ensure all loss prevention operations do not interfere with normal day-to-day operations. Finally, we make asset protection a big part of the program by carefully assessing the situation during the client’s initial consultation, then crafting a detailed loss prevention security plan to meet their needs. This could involve uniformed officers, undercover officers, high-tech surveillance, or perhaps a combination of these options.