Instructions: Student will read the presented articles and complete the written assignment that is no longer than 4 single-sided pages in length and no less than 2 singled sided pages in length, double spaced and 12 font. The review of articles and the introductory video “Retail Shrink Control/Loss Prevention” will give students an understanding of Loss Prevention and its debilitating affects on the sales industry.
To complete the written assignment students will use the articles and videos to articulate their view of loss prevention and shrinkage, methods to deter the activity and organizations philosophies on enforcement activities. Students may use other sources to strengthen their position and complete the assignment. The written assignment should include the following:
Define the terms Loss Prevention and Shrinkage.
What are methods to deter the behavior.
Who are the perpetrators and the causes for shrinkage.
What are internal methods that can deployed to reduce the activity.
What hiring practices could be put in place to deter the behavior.
What are your suggestions,thoughts and proposed actions to deter illegal activity.
attached will be:
RMGT 2001 Week 8 – All aboard_ your employees are stealing from you_ LP guru Chris McGoey tells us how retailers can make employees their biggest allies in reducing shrinkage.pdf
RMGT 2001- Week 8 Shrinking the shrinkage_ loss prevention programs a must for storeowners to remain profitable.pdf
RMGT 2001 Week 8- Ways to catch a thief.pdf
