Welcome To Our Loss Prevention Community Blog

Our Community represents many different views and opinions facing the numerous issues in this industry.
Please feel free to comment and post on various topics facing the Loss Prevention Community today.
Diversity of opinions and views are always encouraged.

Tuesday, April 1, 2014

Loss Prevention Academy updates....

First off, thank you to the over 52,000 people that have stopped by and visited our blog.  We appreciate the support.

So what is new with the Loss Prevention Academy???

We have expanded our partnerships that represent our courses past Canada and into the UK, along with 3 in the United States. We are pleased to partner with various training sites to expand our reach into the Retail World.

Russia...Yep, we are in discussions with a LP group in Russia to represent the training there as well.  Language challenges are on the table however, many individuals speak English in Russia. We are pleased with these conversations.

WZ Investigative Interviewing for Law Enforcement.  With the WZ group, we are building a new site and expanding with online training for Law Enforcement.  It might come as a surprise to you that many individuals in LE have never been trained on how to interview and or interrogate someone.  We are working hard to make this happen and will update everyone soon.

We had hoped to make a formal announcement earlier however, schedules and contract terms can get in the way.  Hopefully in the near future we will be announcing another partnership with a large organization that is in the grocery industry.  Stay tuned.

The online, WZ Investigative Interviewing course is quickly gaining acceptance by many large retailers.  Being affordable allows the company to take their WZ training down a level to those that might not have been approved to attend a live seminar.

Posters...Posters...Posters...Awareness posters are still a very affordable way to increase awareness on a specific topic.  We have 33 posters on our site, www.LPPosters.com.  We can start with one of those and modify as needed or start from scratch.

Lastly, we still think single job boards are doomed in the future.  Why complete a search and then jump to the next board?  At www.LPjobsFREE.com you can complete one search and see results at all boards out there.  Oh, and it is free.

That is it...reach out if you have any questions.


Steve


LPDT, LLC offers the only E-Learning training for Retail Loss Prevention at www.LossPreventionAcademy.com. Check out our awareness posters for shortage and safety at www.LPPosters.com. You can follow us on Twitter under LPACADEMYcom and Facebook under Loss Prevention Academy.

Monday, February 17, 2014



First off, thank you for the over 51,000 visits to our blog.  We appreciate you stopping by and reading some of our articles.  As always, we encourage differences in opinion and support diversity of views.

Approximately one year ago we went live with a 10 hour course called WZ Investigative Interviewing in partnership with the Wicklander-Zulawski (WZ) group.  The course has been a huge success with individuals in the US and outside our Country to select companies. Our "farthest" individual taking the course lives in Russia.

With the acceptance of this course, we have decided to expand our offerings and tailor a course for Law Enforcement (LE).  Variety of cases along with specific issues facing them require a course slightly modified for their work.  We are currently working on the new course and designing a new site to offer the course and other online tools by WZ. Stay tuned for more information on this addition.

E-Learning is a relatively new concept and is quickly being accepted around the world. Moving training/education to the internet allows you to offer quality courses anywhere there is an internet connection and a computer.

The Loss Prevention Academy has 5 courses live, including the WZ course.  Please stop by our site to see their course details.





LPDT, LLC offers the only E-Learning training for Retail Loss Prevention at www.LossPreventionAcademy.com. In addition,we offer a FREE job and resume posting board for Loss Prevention at www.LPjobsFREE.com. Check out our awareness posters for shortage and safety at www.LPPosters.com. You can follow us on Twitter under LPACADEMYcom and Facebook under Loss Prevention Academy.

Monday, January 13, 2014

It is Inventory Time !!!

First off, thank you to the over 50,000 individuals for stopping by and reading our blog.  We appreciate it.  As always, comments and diversity of opinions are welcome.  For more daily updates about Loss Prevention, join our group on Linkedin at ...http://www.linkedin.com/groups/Loss-Prevention-Academy-4170938?trk=my_groups-b-grp-v

It is usually once a year, sometimes two when you receive your report card on your performance.  Sorry, not your annual review but, your inventory shortage number.  Whether it is a cost basis inventory or retail, this number will tell you if your efforts are paying off.  

Often in discussions with individuals in the loss prevention business, I do not hear the kind of involvement in the inventory process as one would think.  Many times you hear people saying they are going to stores on the night of inventory to watch the count.  Although important, it is less important than the preparation that should go on for weeks before the actual inventory date. Below are some thoughts on what  should be done and "verified" to insure you get the most accurate count.

Districts should hold inventory meetings 7 weeks out to review all the instructions.  With high turnover and only doing this process once or twice a year makes these meetings mandatory so everyone knows the expectations.

A daily calendar should be developed so the store can complete and check off assigned tasks as they complete them.

A large focus should be to clean out storage areas, under gondolas, within rounders and damage /defective areas to find merchandise. It is a good idea to scan the product and see if there were missed markdowns and or verify the sku is active in the system.  Evidence lockers need to be cleaned out and a list established for anything that needs to stay secured.

Damages and defective areas should be worked down and insure the paperwork is processed.

As time allows, insure all merchandise is ticketed correctly.  This mainly applies to soft line retailers. This will help avoid hearing "sku check please".

Insure the store knows the correct cut off in receiving.  If a store receives a truck the day of inventory, should it be processed to the floor or held and not counted with the inventory?

Say a soft prayer for your distribution centers.  Most retailers allocate shrink from those centers to the stores based on sales.  The general rule is that a DC can never have shrink, it just flows to the store's number and in some years can be painful to your number when it is added on.

Once the preparation work is done, attend the inventory to verify the "count" so you get the best number to calculate your shortage results.

Have a great week,

Steve

LPDT, LLC provides the only on line training program how to become an LP Detective at www.LPDetective.com. In addition,we offer a FREE job and resume board for Loss Prevention at www.LPjobsFREE.com and a FREE job and resume board for Security jobs at www.SECURITYjobsFREE.com. You can follow us on Twitter and Facebook under LP Detective.

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LPDT, LLC offers the only E-Learning training for Retail Loss Prevention at www.LossPreventionAcademy.com. In addition,we offer a FREE job and resume posting board for Loss Prevention at www.LPjobsFREE.com. Check out our awareness posters for shortage and safety at www.LPPosters.com. You can follow us on Twitter under LPACADEMYcom and Facebook under Loss Prevention Academy.

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