The Retail Profit Protection Workshop 1-Day Workshop for Everything you need to know to make Loss Prevention work in your organization. Do you know just how much shrinkage is eroding your profits? Do you know that with the right Loss Prevention strategy up to 68% of your shrinkage can be controlled? Do you know that the major share of your shrinkage is caused by people on your payroll – through error, intentional damage and theft? Are you aware that only about 21% of your shrinkage is the result of shoplifting? Reducing shrinkage in retail is an on-going effort requiring commitment from all areas of the organization. It is not sufficient to train floor staff to watch out for thieves – employees or otherwise. Achieving excellence in Loss Prevention requires a thorough understanding of the underlying causes. Because shrinkage is caused by process & systemic failure, opportunity and the human factor, all of these must be addressed and must be synchronized to make the improvements necessary to stop profit erosion. This program is designed to provide understanding of all three causes and to provide the know-how and the tools to reduce shrinkage and, therefore, enhance your profit picture. Benefits to the Participants are: Strengthen participants’ understanding of what is to be gained by making Loss Prevention a priority in a 21st century retail environment Improve participants’ understanding of the critical elements and distinct advantages of an effective Loss Prevention strategy Improve participants’ ability to develop an effective Loss Prevention program that works well within a revenue generating environment Receive practical hand-outs and tools to use when implementing Loss Prevention program in their organization An opportunity to network with other retailers – all of whom have a desire to reduce shrinkage - to share experiences and best practices What you will take away from this program: After you’ve attended this workshop you’ll know exactly how to… Recognize and take necessary actions to reduce employee theft Identify and reduce customer and vendor related theft and fraud Conduct root cause analyses of your shrinkage problems Analyze the impact of shrinkage on your profit margin Design your store(s) to prevent theft Create attractive but secure displays of goods on the shop floor Develop preventative measures to help you reduce your shrinkage level Develop the appropriate policies and procedures for profit protection Who Should Attend: Retail Executives: CEO’s, VP’s of Finance and Operations, Retail Store Managers, Audit Directors, Loss Prevention Directors and Managers, Retail Business Owners. Internationally Recognized Level 1 Professional Certificate in Retail Loss Prevention awarded upon completion of training program. Featured speaker is Mr. Romeo Richards: Romeo’s first-hand experience within the retail industry and extensive knowledge of working in the security industry for many years, enabled him to develop the concept upon which the training program is based. He has worked with Marks & Spencer, Tesco and Brantano. Romeo’s extensive knowledge of the Theory of Constraint (TOC) added a new dimension to the presentation of retail profit protection. Mr. Richards holds a Masters Degree in International Relations and has authored, and contributed, to several books, articles and white papers on best practices in retail loss prevention and profit protection. The Retail Profit Protection Workshop Program Outline Introduction and Course Objectives Definition of retail profit protection Understanding Shrinkage What it is Root cause analysis Impact on profit Prevention Employee Theft Why employees steal The process of employee theft Indicators that an employee is stealing from you Prevention techniques Employee Error Why errors occur What are the associated costs Types of errors Prevention Shoplifting How and why it occurs Store Designs and Merchandising that facilitate shoplifting Designing stores and displays that contribute to the Loss Prevention effort Efficient Receiving How to properly receive goods & Training the receiving staff Vendor theft and fraud Efficiencies in the Supply Chain Perishable & Non-Perishable Shrinkage How it occurs The impact How to prevent it Creating the Loss Prevention Culture Why Loss Prevention is essential to the success of any retail business How to get employees to buy in and perform LP activities The role each department plays 21st Century Technology Latest retail technologies and how they work Calculating the ROI Questions to ask before investing 21st Century Retail Environment Changes that are taking place Tools you need to succeed Who will succeed in the new retail environment Essential Guides and Best Practices The policies and procedures required for an effective LP policy to succeed 3 Ways to Register: Registration Fee - Individual: US$ 395.00 Group (Minimum 3): US$345 per person 1. Send email to jhill@dmsretail.com 2. Call +1 (312) 239-0919 (You can pay by credit card over the phone) 3. Click the appropriate "Add to Cart" Button and register online: Please indicate the location you are registering for at checkout in the Comments/Special Instructions Box The Retail Profit Protection Workshop Individual Registration: US$395.00 The Retail Profit Protection Workshop Group Registration: US$1,035.00 (for 3 People) "The price of education is paid just once. The price of ignorance is paid forever!" - Anonymous