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The Retail Profit Protection Workshop

1-Day Workshop for Everything you need to know to make Loss Prevention work in your organization.

Retail Profit Protection-Loss Prevention

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?

Loss Prevention-Retail Profit Protection

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.Loss Prevention-Retail Profit Protection

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 Retail Profit Protection - Loss Prevention

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

Loss Prevention-Retail Profit Protection

The Retail Profit Protection Workshop

Group Registration: US$1,035.00 (for 3 People)

Loss Prevention-Retail Profit Protection

"The price of education is paid just once. The price of ignorance is paid forever!" - Anonymous

 

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