Certificate in Retail Loss Prevention
About Retail Loss Prevention
Retail businesses use a series of procedures called "loss prevention" to protect their profits. Any corporate effort deliberately created to lower avoidable losses is known as profit preservation. Any corporate expense, sometimes referred to as "shrinkage," brought on by the intentional or unintentional activities of people is considered a preventable loss. Some of these methods include obtaining management clearance for discounts and using security personnel to prevent theft.
Why is Retail Loss Prevention important?
To improve business earnings from the many sorts of losses, retail loss prevention's main goal is to reduce losses of all kinds. Loss may happen throughout the board of the business, not simply from inventory shrinkage (for example, employee injuries or time-wasting tasks).
Who should take the Retail Loss Prevention Exam?
- Retail Employees
- Security Officers
- Manager
- Store manager
- Department manager
Retail Loss Prevention Certification Course Outline
- Retail Risks: Problems And Solutions
- Employee error and waste
- Merchandise theft
- Under-ringing
- Removal of trash
- Controlling merchandise theft
- Cash theft
- Proprietary information
- Investigating employee theft
- Managing Employee Honesty
- Pre-employment screening
- Access/procedural controls and audits
- Store/company atmosphere
- Vendor Theft and Error
- Controlling Cargo Theft and Supply Chain Loss
- Shoplifting
- Professional or convert to cash shoplifters
- Handling the shoplifter
- Point-of-Sale Risks
- Bad checks
- Credit card fraud
- Counterfeit currency
- Currency switch
- Container switch
- Price switch
- Refund fraud
- Quick-change schemes
- Robbery
- Burglary
- Bomb threats
- Coupon fraud
- Crime and data loss
- Natural and civil disasters
- Civil liability and litigation
- Identifying And Prioritizing Risks
- Security Surveys
- Data Analysis
- Possible and probable financial loss
- Assigning financial impact rates
- Probability of incident occurrence and causal probing
- Assigning loss incident probability rate
- Designing And Implementing Prevention Programs
- Loss Prevention Program Design
- Basic program focus
- Risk control countermeasures
- Protection program designs
- The protection plan
- Loss control policies
- Loss control procedures
- Asset Protection Systems
- Selecting Protection Equipment and Services
- Negotiating the contract
- Sample Protection Program
- How to prepare a loss control plan
- Justification of the control program: making the business case
- Testing And Follow-Up Of The Loss Control Programs
- Auditing and Follow-Up
- Inspections
- Effectiveness analysis
- Data collection
- Inspection/audit reports
- Inventories
- Retail method of inventory