Loss Prevention

Refers to the steps and actions that businesses take to reduce profit loss

• Loss Prevention

• Deployment of Security guards

• Shrinkage Monitoring

• Effective Management Controls

The causes of profit loss that are addressed by loss prevention initiatives include the following, EXCEPT.

• Process errors

• Fraud

• Theft

• Scandal

Effects of Shrinkage or Loss are the following, Except.

• Loss in capital invested to buy the product

• Opportunity loss for missing the scale

• Out of stock

• Few items to display

The following are the causes of shrinkages, Except.

• Shoplifting

• Damages

• Customer returns

• Incorrect barcode

The following are the strategies to Prevent External Theft, Except.

• Enhance Physical Security

• Engage Retail Associates

• Safeguard High Value Small items and Pilferable merchandise

• Maximize Risk through layout and display

The following are the strategies to minimize Internal theft, Except.

• Regular Security Checks / Consistent Implementation of Security Policies

• Establish accountability

• Irregular audits

• Access Control

Damage Prevention consist of the following, except.

• Good warehousing and stockroom practices

• Merchandise mishandling

• Safeguard company assets

• Monitor damage trends

ACE Black means

• Remind everyone to clean their respective areas

• Presence of bad elements or shoplifters in the store

• Presence of TSC

• Congregation, grouping or chatting

ACE Blue means

• Remind everyone to clean their respective areas

• Presence of bad elements or shoplifters in the store

• Presence of TSC

• Congregation, grouping or chatting of employees in the selling area

ACE 101 means

• Remind all store personnel to do 1on1 customer service, S.A.L.E.S process

• Presence of bad elements or shoplifters in the store

• Presence of TSC

• Congregation, grouping or chatting of employees in the selling area