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This blog discusses the issues and preventive methods of loss in retail due to shrink and security lapses.

Owner: rohlania

Listed in: Business

Language: English

Tags: Loss Prevention, Retail Shrinkage, Pattern Recognition, Video Analytics, Physical Security

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Latest Blog Posts for Loss Prevention

  • Raw Material Sampling
    on Jul 9, 2011 in Sampling Process
    Raw Material Sampling It is imperative for any business engaged in procurement of bulk material (like manufacturing/ packaging sectors/ infra sector etc) to carryout proper sampling of inward raw material. This basic process is required to ensure...
  • Raw Material Sampling - Part 1
    on Jun 30, 2011 in Sampling Process
    Raw Material Sampling – PART - 1 It is imperative for any business engaged in procurement of bulk material (like manufacturing/ packaging sectors/ infra sector etc) to carryout proper sampling of inward raw material. This basic process is requir...
  • Multi Tasking Of Cameras in Retail Business Facility
    on Aug 10, 2010
    Most retailers have CCTV coverage for their shopping areas. More often than not, such cameras are installed with ‘security’ perspective ie cameras have been installed to assist security team in investigations. Retailers also have centralised cont...
  • on Aug 8, 2010
    Multi Tasking Of Cameras in Retail Business FacilityMost retailers have CCTV coverage for their shopping areas. More often than not, such cameras are installed with ‘security’ perspective ie cameras have been installed to assist security team in...
  • INSULATING COMPANY OFFICIALS FROM BRUTAL ATTACKS BY ITS EMPLOYEES
    on Nov 19, 2009 in HOSTAGE NEGOTIATIONS
    Recent cases of violence in business premises (manufacturing units, Head Offices etc) by either the agitating employees or high handedness of company officials does not speak high of Indian Business community. Though, as of now, the cases are low on...
  • HEIGHT OF INNOVATION TO DEFEAT BUSINESS CONTROLS IN SCRATCH CARD PROMOTIONS
    on May 13, 2009 in SCRATCH CARDS
    1. Did any one think that scratch cards can be provided to desired customers, free of cost and that too by following all business processes. Here it is how -A favoured customer visits the store. The cashier wants to give him the advantage of...
  • SMART WAYS TO DEFEAT BUSINESS CONTROLS
    on May 11, 2009 in FRAUDULENT REFUNDS
    Business Parameters1. It has been seen that retailers lay down lot of emphasis in controlling losses. Business designs lot of processes, carries out strict control for implementation of them and continuously study data to discern deviation. How...
  • PROMOTIONAL (UN) SCRATCHED CARDS – A DEFINITE ATTRACTION FOR CUSTOMERS
    on May 6, 2009 in PATTERN RECOGNITION
    1. It is in vogue in business to offer discounts to customers by means of offering them to scratch randomly selected scratch cards. That gives thrill to customers to expect un expected and also be optimistic that they might hit the jackpot. T...
  • PATTERN RECOGNITION – A TOOL TO DETECT MALICIOUS USAGE OF LOYALTY CARD / CASH / GIFT COUPON
    on Apr 13, 2009 in PATTERN RECOGNITION
    Historical Prespective of Loyalty Cards according to a reportLoyalty programme, as is wildly spread today was first conceived in 1981 byAmerican Airlines and was known as AAdvantage. It quickly turned into a sourceof competitive advantage and other a...
  • PLANNING A PLANOGRAM – LOSS PREVENTION WAY
    on Apr 10, 2009 in STORE PLANOGRAM
    Background1. As Wikipedia has defined, “Planogram is a diagram of fixtures and products that illustrates how and where retail products should be displayed, usually on a store shelf in order to increase customer purchases. They may also be referred...
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