loss prevention
Stopping retail shrinkage
Loss prevention refers to measures taken to reduce theft, fraud, and inventory shrinkage, particularly in retail settings.
The term encompasses security systems, employee training, surveillance, and policies designed to protect merchandise and assets: She works in loss prevention at the department store.
Loss prevention specialists monitor shoppers and investigate internal theft.
Surveillance camera network
- camerasVisual recording devices
- monitoringOngoing observation of something
- observationAttentive watching or remark
- control roomFacility housing operational oversight
blind spots · facial recognition · remote monitoring · live feeds · playback · motion detection · heat mapping · evidence gathering
Personnel protecting property
- access controlRestricting resource availability selectively
- alarm systemsDevices detecting unauthorized entry
- checkpointInspection station on route
- perimeter securityProtection of outer limits
bag checks · lockdown procedures · security tags · ink tags · cable locks · security seals · anti-theft devices · store detectives
Formal accounts examination
- onboardingNew member integration process
- mystery shoppersCovert service quality testers
- standard operating proceduresDocumented routine processes
- documentationWritten proof or instructions
Decrease in size
- shopliftingStealing store merchandise
- inventory controlOverseeing stored goods levels
- return fraudDeceiving retailers for illegitimate refunds
- cash handlingManaging physical money transactions
Fraudulent taking of entrusted assets
- identity theftStealing personal data criminally
- credit card fraudIllegal use of another's account
- check fraudDeceptive use of worthless drafts
- gift card fraudStealing via prepaid vouchers
payroll fraud · skimming · collusion · forensic accounting · fraud investigation · background checks
CCTV
Surveillance camera network
- camerasVisual recording devices
- monitoringOngoing observation of something
- observationAttentive watching or remark
control room · blind spots · facial recognition · remote monitoring · live feeds · playback · motion detection · heat mapping · evidence gathering
security guards
Personnel protecting property
- access controlRestricting resource availability selectively
- alarm systemsDevices detecting unauthorized entry
- checkpointInspection station on route
perimeter security · bag checks · lockdown procedures · security tags · ink tags · cable locks · security seals · anti-theft devices · store detectives · apprehension
audit
Formal accounts examination
- onboardingNew member integration process
- mystery shoppersCovert service quality testers
- standard operating proceduresDocumented routine processes
documentation · incident reports · chain of custody · accountability
shrinkage
Decrease in size
- shopliftingStealing store merchandise
- inventory controlOverseeing stored goods levels
- return fraudDeceiving retailers for illegitimate refunds
embezzlement
Fraudulent taking of entrusted assets
- identity theftStealing personal data criminally
- credit card fraudIllegal use of another's account
- check fraudDeceptive use of worthless drafts
gift card fraud · payroll fraud · skimming · collusion · forensic accounting · fraud investigation · background checks
- shoppingbuying, shopping cart, shop, purchases, sale
- retail jobscashier, sales clerk, sales reps, cashiers, shop assistant
- security jobssecurity guard, security officer, bodyguard, guard, bouncer
- insuranceinsurance, coverage, auto insurance, life insurance, home insurance
- fire insurancefire risk, fire damage, fire protection, fire inspections, fire hazards
- retail careerssales training, merchandising, retail management, sales associate, inventory management
loss preventionshoplifting
Stealing store merchandise
theft · stealing · retail theft · shrinkage · pilferage
loss preventionnegligence
Failure to exercise care
sabotage · destruction · waste · carelessness · recklessness
loss preventioninsurance
Contractual risk coverage
restitution · indemnification · compensation · claims processing · damage control
lose, lost, loss, loser, losing, loses, prevented, prevention, preventing