Retail stock & Loss prevention

What is Retail Stock and Loss Prevention?

 

Retail loss prevention is a form of private investigation into larceny or theft. The focus of such investigations generally includes shoplifting, package pilferage, embezzlement, credit fraud, and check fraud.

 

How can I improve my Loss Prevention?

“Loss prevention” or “LP” is used to describe a number of methods used to reduce the amount of all losses and shrinkage often related to retail trade.

 

What is Stock Management?

Stock management means organising the way you:

  • Receive your stock
  • Record your stock
  • Store your stock
  • Arrange your stock
  • Check your stock
  • Re-order your stock

 

Stock management is important as it helps you to:

  • Keep the right goods and materials that customers want and that your business needs
  • Stock goods that sell quickly
  • Keep the right amount of stock – not too much, nor too little
  • Prevent stock from being misplaced
  • Keep your stock in good and orderly condition
  • Prevent stock from being lost through theft or breakage
  • Re-order stock at the right time in the right quantity.
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