Asset Protection –

This article discusses the significance of loss prevention and asset protection measures, as well as how they can aid businesses in preventing loss and increasing profits. The prevention of shoplifting, employee theft, and other forms of fraud is an enterprise-wide endeavor.

Companies can take preventative measures, such as employing a knowledgeable security director, to limit annual losses from these activities. For instance, if a company experienced fifty shoplifting incidents per year resulting in an equal amount of annual profit loss, coordinated efforts and protection measures taken by retail stores can reduce this number and maximize profits. By taking such proactive measures, businesses can reduce their losses.

Loss prevention and asset protection are two crucial steps retailers take to safeguard their assets against retail crime, attempted theft, and identity theft. VF Corporation, for instance, owns multiple brands, including Timberland, Vans, and The North Face. During business hours, the company has a team that focuses on security and prevention measures.

Enhance Customer Experience

It is the responsibility of the business to oversee loss prevention and asset protection. XPressGuards is developing a program that will aid in enhancing the customer experience, reducing shrinkage, and preventing cash shortages. This program is implemented piecemeal, and there are both deep cleaning practices and customer signage in place.

Our director of loss prevention argues that asset protection is not theft prevention, but rather a program that reduces business risk through excellent customer service and employee adherence to established procedures. Our teams of officers are employed to ensure that the company’s policies are always adhered to.

Contact us to learn more about asset protection. We have been in the security business for over a decade and we have all the experience needed to protect you and your business. We can service your store front business or your entire shopping center. Call or message us now.