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Loss Prevention Checklist
Employee Training and Awareness
Conduct regular training sessions on loss prevention policies and procedures.
Ensure all employees understand the importance of loss prevention and their role in it.
Provide specific examples of common theft techniques and how to spot them.
Physical Security Measures
Install high-quality surveillance cameras covering all sensitive areas.
Keep all entrances and exits secure and monitor them with an alarm system.
Ensure that all merchandise is equipped with electronic article surveillance tags.
Inventory Management
Perform regular inventory audits to identify discrepancies early.
Use inventory management software to track merchandise movement.
Investigate and resolve any inventory variances promptly.
Cash Handling Procedures
Train employees on proper cash handling techniques and register operations.
Perform unannounced cash drawer audits to ensure accuracy.
Use a time-delay safe for excess cash and make regular bank deposits.
Access Control
Limit access to back-office and stock areas to authorized personnel only.
Maintain a log of keys and access cards issued, and regularly update it.
Change locks and access codes when an employee with access leaves the company.
Fraud Detection and Prevention
Implement a system for detecting counterfeit currency, checks, and credit card fraud.
Regularly review transaction records for any unusual or suspicious activity.
Encourage customers to use secure payment methods and protect their payment information.
