Loss Prevention/Profit Protection: Two sides of the same coin?

March 5th, 2008

The concept of a loss prevention and a profit protection strategy is really a holistic approach to reducing shrink and thereby increasing profit for our clients.

So what is the essence of loss prevention? At its simplest, a loss prevention department protects company assets, creating a safe and secure environment for customers and staff.

Salgado Investigations‘ approach has always been to put the safety of its client’s customers and staff first - after all, it’s vital people think of our clients stores as the safest place to shop and work.

With so much of retailers attention focused on giving customers what they want, you might wonder why they don’t take loss prevention more seriously. I mean that every penny that a retailer loses is another penny that they have to earn.

At the heart of our loss prevention strategy is our belief that prevention is better than cure. That’s why we put so much effort into designing crime out of our clients operations.

Posted in Fraud, Retail Fraud Prevention |