The Retail Game – The Value of Loss Prevention Services

The value of retail loss prevention services can’t be overestimated there is a reason almost every retail outlet, no matter the size or industry, will have some type of loss prevention system in place. Because a well-planned and efficient loss prevention system can benefit your business in so many ways.

But putting together your own loss prevention plan and carrying it out isn’t easy. Loss prevention might seem simple but it’s a lot more complex than many people realise which is why many business owners will use retail loss prevention services in order to train their staff.

This way you can be sure anyone working for you will have a full understanding of loss prevention services and how to utilise them in the workplace. Before I talk about the value and benefits of using a retail loss prevention services provider to help your business let’s take a quick refresh on loss prevention shall we?

What is Loss Prevention All About?

Loss prevention is pretty self-explanatory it’s a system designed to help retail outlets prevent the loss of products and profit. While there are some variations many of the loss prevention systems set-up are designed to help prevent loss of profits due to theft.

Anyone who has ever worked in retail will tell you that the threat of shoplifting is very real, and no matter what kind of retail outlet you have it will be attempted sooner or later. It’s, unfortunately, one of those things that comes with the territory, but you don’t have to just put up with.

With an effective loss prevention plan in place, you can significantly cut the risk of shoplifting and similar thefts and best of all retail loss prevention services will help train your staff in effective loss prevention while also offering extra protection in the form of increased security. So, let’s take a closer look at how retail loss prevention services work.

What Are Retail Loss Prevention Services?

So, what exactly are retail loss prevention services? These services provide two key benefits to retail outlets, they will help offer increased protection and help train your staff in the fundamentals of loss prevention.

I mentioned earlier about how simple loss prevention can seem, but it’s a very deceptive practice and one that is much more complicated than many people believe it to be. Without training a shop assistant can easily make a number of mistakes when trying to prevent a loss of profit due to shoplifting.

They could also mistake an innocent customer for a shoplifter which is going to damage the reputation of your business. Which is why retail loss prevention services are so valuable because they will help train your staff and you can avoid these mistakes.

But the service doesn’t stop there! Loss prevention services will also give your retail outlet a greater security presence. This in and of itself will help cut the risk of shoplifting and other thefts dramatically, let’s take a more in-depth look at what kind of help professional retail loss prevention services offer.

Retail Loss Prevention Services Include

Retail loss prevention services include a number of valuable services that will make dealing with shoplifters much easier. Let’s take a more detailed look at the kind of services they offer.

Loss Prevention Training

One of the most valuable aspects of utilising the services of a retail loss prevention service is the training it offers to your staff. While hiring loss prevention services will give your shop a greater security presence (usually in the form of security guards/ loss prevention officers) it will also give you the added benefit of getting your existing staff trained by a qualified, experienced professional.

There are a lot of ways to approach loss prevention and a qualified loss prevention officer will be able to plan and organise the best strategy for your shop. They’ll also be able to share their knowledge and wisdom with the rest of your staff which means even if they are not at your shop your staff will be better able to handle any shoplifters.

Investigative Work

Even if you are not able to prevent a theft you will likely be able to work out who committed the crime with the assistance of a professional loss prevention officer. They’ll utilise a number of different investigative practices to work out the most likely suspects and plan ways for you to better protect your shop in the future.

They’ll also be a valuable resource when it comes to threat-detection, shops can get very busy so having a professional on hand who is trained in spotting shoplifters can be a huge help.

Apprehension of Suspects

One of the most difficult areas of loss prevention work is the actual apprehension of suspects, even if a member of staff knows for sure they have committed a crime they may simply not have the confidence to apprehend someone. A retail loss prevention service can provide you with a trained professional you can always count on to stop and apprehend suspects when possible and back-up your staff.

Follow-Up Work 

Loss prevention requires a lot of follow-up work, even if you are successful in preventing the theft and apprehending the shoplifter. Being able to let a team of professionals from a retail loss prevention service handle this for you can be a huge help and will allow you more time to focus on your business.

Finding The Best Retail Loss Prevention Services Provider

So, loss prevention services are valuable and almost any retail business regardless of the type or size will be able to benefit from utilising them. But where should you go to find retail loss prevention services?

Because of their specialist nature, a security services provider is your best option. Loss prevention is all about security after all and by using a security services provider you can be sure you’ll be dealing with an experienced, professional loss prevention team.

Loss prevention might not seem as extreme as bodyguard services but in the retail industry, they arguably are! Millions of businesses fall victim to shoplifting and other similar thefts but with retail loss prevention services, your business doesn’t have to be just another statistic.

Leave a Comment

Your email address will not be published. Required fields are marked *