Loss prevention

Summary

• Loss prevention (or assets protection) is a corporate buzzword referring to the practice of reducing inventory shrink in the form of operational errors, consumer and employee theft. Loss prevention, as a concept, has evolved from such industry staples as periodical store inventories, bag checks before employees leaving, and magnetic scanners at the entrance and exits of stores to controlling anything that could potentially affect a corporation's bottom line.

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Related Topics

• Bottom Line
• The Practice

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