What Does a Loss Prevention Manager Do?
A loss prevention manager helps secure a company’s assets to protect against theft or other loss. A manager may oversee transactions and have a role in interviewing employees to find employee theft. He may also help institute programs within stores or companies designed to reduce or diminish losses or theft. In the retail world, there are a number of possible ways in which theft may occur. An independent shoplifter may come into the store and steal items; this is often the simplest type of theft to identify and resolve. Some criminals, however, can make this type of shoplifting more complex. They may steal items and return them for cash, for example. Employees may also work with outside thieves, setting up schemes to defraud the store and take money. For example, the employee may ring an item up for the wrong price and allow his friend or accomplice to take it from the store. He may also accept returns on stolen items without following store protocol or otherwise facilitate an outside
