If you’re a retailer, having a loss protection plan in place to secure your assets is critical.
Loss prevention is proactive intervention consisting of taking steps to prevent the risk of incidents that could lead to losses.
Once primarily responsible for the physical security of a retail space by guarding doors and stopping shoplifters, loss prevention has evolved into a core business function that plays a crucial role in protecting the profits of the world’s largest retailers.
At Morrison Security, we have over 60 years of experience in loss prevention, and while still responsible for retail security, our professionals also address employee theft, data protection, safety and risk management, inventory audits, legal compliance, and matters related to organized retail crime.
We have distinguished ourselves as a leader in loss prevention not just because of our unparalleled retail experience, but also because of our innovative and comprehensive vision of what a prevention strategy entails. Morrison Security will structure an exhaustive prevention plan to meet your needs by reducing your costs, prevent loss and internal fraud, and improve your inventory management.
Your business will immediately benefit when you bring Morrison Security onboard, as our loss prevention services practically guarantees a return on investment while relieving undue stress from your business managers and HR department. Morrison Security’s asset protection prevention tactics include:
Loss Prevention Audits
Collaborating with your senior management, our consultants conduct a thorough and detailed prevention audit. We identify your needs by assessing your operational processes, as well as existing safety features. Specifically, Morrison Security:
Analyzes the general state of security and prevention within your business.
Evaluates your physical security and other control elements you have in place.
Prepares an audit to help you pinpoint the causes and identify the consequences of losses.
Implement operational controls as an audit follow-up to determine checkpoints to help your management team identify any money or inventory shortages promptly to minimize losses.
The root of your inventory loss may be from within your own team or by external criminal activity. Morrison Security’s highly trained loss prevention experts will look for relevant clues and ask the right questions to identify problem areas, thereby preventing both internal and external shrinkage in your retail business.
Our investigation experts, specialized in retail loss, lead and close each case in compliance with applicable jurisprudence, labor standards, labor laws, the civil code and respect for people’s private lives. They are trained to partake in all investigations related to corporate thefts and frauds.
Effective prevention begins with the hiring of ethically minded staff and it is essential to carry out proper pre-employment checks. Our checks include a civil, criminal and credit file investigation as well as reference validation with former employers.
These unannounced visits reveal how your employees react and work under different circumstances, are the cornerstone of a solid prevention program. These include:
Prevention visits, where an officer performs checks relating to your businesses procedures, policies and regulations to ensure property and valuables are adequately protected;
Mystery shoppers who are sent to your place of business and act as a regular client to ensure your staff provides excellent customer service and verify that loss prevention practices are in place;
Closing-time visits where a Morrison Security officer goes to your place of business before closing or a shift change to check entrances and exits ensuring no goods have been left with the intention of being taken after closing, verify adequate lighting exists, and note employee activity seemingly out of place.
Following all visits performed by Morrison Security, we provide you a complete report outlining our findings in detail.
Product and Service Support
In addition to the array of tactics Morrison Security employs to prevent loss, we will also advise you on the proper placement of your surveillance equipment and, if required, equip you with:
- Alarms and smart security systems
- Video surveillance systems
- Access control
- Anti-intrusion films
- Banknotes detectors
From prevention audits to assess your operational processes to employee training, electronic article surveillance and integrity visits, we have you covered.