OVERVIEW OF PROTECTING RETAIL OUTLET

Identify THREE (3) impact of store economic climate on retail.

•  Changes in Consumer Behavior and Demand

• Supply Chain Issues

• Increase in Shipping Costs

• Increasing in retail outlet

Classify the types of retail group

• Specialty Store

• Department Stores

• Convenience Store

• Night Market

Identify loss prevention risk assessments

• Risk Avoidance

• Risk Reduction

• Risk Solution

• Risk Spreading

Identify benefits of good profit protection strategies

• Able to pay the debt on time

•    Good Customer Acceptance

• Efficient operation management

• Good relationship with the vendor

Below are the cash register procedures accept:

• • Assign one person per cash drawer ​

• • Count cash at the beginning of the day​

• • Pull the POS report for each drawer afterward​

• • Open the cash drawer before you package goods