Loss Prevention Consultative Practice

Value Proposition

Loss from theft, shortage control, procedural error, underreporting of sales and brand degradation is an unnecessary drain on corporate profitability.

The Loss Prevention Consultative Practice provides proven, senior industry leaders to assist your company in reducing inventory and cash losses and recapturing unreported sales by franchise and licensed operators. Our subject matter experts identify, prioritize, develop and execute strategies to attack loss and enhance profitability.

Our Role

With losses due to shrink costing retailers over $37 billion per year, companies are challenged to finding the best return on their capital and payroll investments.  We bring a functional expertise that assists in understanding performance.  We help optimize the allocation of resources and offer solutions ranging from outsourced strategies and services to a co-sourced partnership.

Opportunity Identifiers

• Inability to quantify shrink and analyze the business drivers of loss.

• Higher shrink rates than the industry average.

• Increasing shrink rate year-over-year.

• Lack of subject-matter expertise and/or staff to craft and execute a comprehensive LP strategy.

• High turnover amongst loss prevention department personnel.

• Higher loss prevention expenses as a percentage of sales than the industry average.

• Deteriorating gross margin across the business.

• Lack of performance report cards for each location (for food service, grocery & hospitality sectors).

• Non-existing royalty assurance or franchise audit program (for franchisees).

Benefits

Shrink Reduction – We offer a wide array of Loss Prevention services to assist in identifying hidden exposures and opportunities for shrink reduction.

Expense Savings - Our solutions provide the greatest return on investment and ensure your expenses are aligned with industry standards.

Risk Mitigation – We help standardize your approach to sensitive issues surrounding theft and loss. 

Profit Lift – We offer specialized programs to assist in identifying underreporting of sales and brand degradation by franchise and licensed operators.

Key Contacts