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Creating a Loss Prevention Culture: A Thoughtful, Strategic Approach

Creating a Loss Prevention Culture: A Thoughtful, Strategic Approach

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Frank Costa, President, Nexgen Protection Services

Set Up a Loss Prevention/Asset Protection Team

Creating a loss prevention culture requires a thoughtful, strategic approach. Here are four key steps to establish a cohesive and proactive loss prevention framework:

1. Define Your Mission and Scope

The first step in fostering an effective loss prevention culture is to clarify its focus, goals, and priorities. This involves defining the specific areas your company’s loss prevention efforts will address, such as waste management, operational inefficiencies, and workplace safety.

Equally important is determining how the success of your loss prevention culture will be measured. Beyond traditional metrics like shrink reduction, consider tracking waste, gross margin, accident frequency rate (AFR), safety compliance, and other indicators that align with your business objectives.

Establishing these foundational elements helps shape the structure of your loss prevention efforts, guiding leadership, field management, and store-level teams.

2. Assemble a Dynamic Team

A successful loss prevention culture thrives on a team with diverse skill sets. You need a mix of traditional loss prevention expertise and operational knowledge to effectively combat evolving tactics in organized retail crime and other complex loss events. This means having team members skilled in investigations as well as those with deep knowledge of business operations.

Building a robust loss prevention culture is about more than preventing theft; it’s about understanding how every facet of your business contributes to loss. A diverse team ensures you’re prepared to tackle challenges from multiple angles.

3. Foster a Unified Loss Prevention Environment

Building a true loss prevention culture requires teamwork and collaboration. Strong interdepartmental relationships and clear policies are essential for effective decision-making and risk mitigation. These policies provide employees with a framework to minimize errors, ensure proper data handling, and enforce compliance.

By collaborating with sales, operations, and other departments, loss prevention becomes seamlessly integrated into the business culture.

4. Leverage Technology for Scalable Growth

Investing in technology can significantly strengthen your loss prevention culture. While the initial costs may seem high, tools like incident management software and audit platforms with workflow automation can handle increased workloads without proportional increases in costs, making them ideal for scalable growth.

SOURCE: 

Wolfe, C. Why Human Resources and Loss Prevention Should Train Together, Loss Prevention Magazine, 12/20/2024.
#protectionservices #securitystandards #publicsaftey  #mobilesecurity #securitythreats

 

Improve Morale with Easy-to-Use Security Access Control for Employee Well Being

Improve Morale with Easy-to-Use Security Access Control for Employee Well Being

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Frank Costa, President, Nexgen Protection Services

Employee wellbeing extends beyond the four glass walls of the office. To support employee well being, offices need security access control solutions that are easy to use, flexible, and integrate smart technologies.

From hassle-free access to effortless key overrides, when it comes to employee wellbeing, the less friction and the more flexibility, the better. Simplifying security systems and giving employees the freedom to choose how they interact with them can lead to improved morale and, ultimately, increased productivity.

 

SOURCE: 

Welty, M. The Key to Wellbeing in the Office, Security Today, 11/12/2024.
#protectionservices #securitystandards #publicsaftey  #mobilesecurity #securitythreats

Building a Diverse, Resilient Team to Enhance Effectiveness

Building a Diverse, Resilient Team to Enhance Effectiveness

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Frank Costa, President, Nexgen Protection Services

 

Resilient teams possess four key traits that contribute to their success: collaboration, diverse skill sets, camaraderie, and positivity.

In today’s fast-paced and ever-changing business landscape, resilience is essential. It is the ability to respond to events or crises in a coordinated manner, minimizing damage and enabling a sustainable path forward. And it all starts with building resilient teams.

These teams are prepared to navigate disruptive events—or a series of events—with cohesion and precision. As a result, when they emerge on the other side, the need for damage control is minimal, and resuming operations and returning to business as usual is both straightforward and sustainable. That’s the goal.

Don’t avoid conflict—tackle it head-on. Even if it’s as subtle as a silent expression in a meeting, leave no stone unturned when it comes to gauging your team’s sentiments and perspectives. Build a culture of transparency and honesty, and make sure to listen to your people.

 

SOURCE: 

Horton, M. Building organizational resilience for sustainable success, Security Magazine, 10/03/2024.
#protectionservices #securitystandards #publicsaftey  #mobilesecurity #securitythreats

 

Aligning your metrics to key security processes within the organization is what’s really important. The challenge is to measure the right things.

Understand What Security Processes Are Essential For The Business To Succeed

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Frank Costa, President Nexgen Protection Services – 

Aligning your metrics to key security processes within the organization is what’s really important.  The challenge is to measure the right things.

Security managers need to speak to senior leaders in familiar business language, offering measurable results that correlate with investment. Without compelling metrics, security managers and their budgets rely largely on the intuition of company leadership.

Experts agree, saying what’s important isn’t just about the numbers used but how those measures highlight that business story while solving problems to further business goals.

 

SOURCE: 

Randolph, C. Metrics that matter: How security professionals can show value, Security Magazine, 11/05/2024.
#protectionservices #securitystandards #publicsaftey  #mobilesecurity #securitythreats

 

Organizations Must Be Ready to Assess Potential Security Risks to Protect Everyone

Organizations Must Be Ready to Assess Potential Security Risks to Protect Everyone

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Frank Costa, President Nexgen Protection Services – 

Security leaders across environments — spanning retail stores, corporate businesses, residential communities and cities — should prepare for threats that will require fast and informed action. We all have experienced major cultural moments, including the 2020 election, COVID-19 pandemic, and nationwide protests. 

It is critical for organizations to put in place security protocols to preserve employee and public safety while respecting the rights of citizens.  Creating a plan and protocols to address these incidents will help you ensure a coordinated response.

  • Establish communication protocols. Create clear communication protocols that explain how information will flow to key parties, such as store or business leadership, employees, customers, neighboring businesses and law enforcement.

  • Assess physical defense measures. How can you protect your building from damage or control the flow of traffic and people?

  • Promote de-escalation tactics. Reinforce your communication protocols during this training. Ensure that the safety of every employee and customer is the number one priority, reminding them to not get involved if physical violence occurs.

  • Implement safety technology. Cameras, alarms, motion detectors, and motion-triggered lights can all bring visibility to situations, add necessary deterrence if you make the decision to close a location, and gather evidence to help law enforcement pursue bad actors. Revisit your existing security investments to assess their capabilities, and consider whether you need new solutions to cover your gaps.   

 

SOURCE: 

Kelley, M. 3 potential security risks to stay ahead of post-election, Security Magazine, 11/20/2024.
#protectionservices #securitystandards #publicsaftey  #mobilesecurity #securitythreats

 

Diversity & Inclusion In the Workplace – Fostering Understanding and Fairness

Diversity & Inclusion In the Workplace – Fostering Understanding and Fairness

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Frank Costa, President Nexgen Protection Services – 

Federal laws prohibit discrimination based on characteristics like race, sex, religion, and disability. Promoting diversity and inclusion in the workplace encourages innovation, improves morale, and helps attract top talent. Training on bias, cultural differences, and inclusivity helps employees understand and respect their coworkers’ diverse backgrounds.

 

To foster diversity and inclusion in the workplace:

  1. Foster supportive dialogues.
    Encourage your employees to be vulnerable and honest. Don’t pretend that it’s all business as usual in the face of major political events. Instead, set up open, empathetic spaces for people to process and come together.

  2. Reaffirm your commitment to your values.
    Many company leaders talk about diversity, equity, and inclusion, but this is a chance to live up to your commitments and make sure your actions match your words. Take a moment to let your employees know that no matter what’s happening outside company walls, within them, your leaders are committed to fostering safe, inclusive environments where all employees feel empowered to be their best selves and do their best work.

  3. Train everyone in inclusion.
    Make sure all of your team members—not just people leaders, but also more junior employees and individual contributors—understand what it means to foster an inclusive environment and are clear on the role they play in doing so. Provide training and resources that give employees the skills to practice inclusivity at work.

 

SOURCE: 

Ruiz, V. B3 Essential Employee Trainings For Your Company Curriculum, 10/7/2024.
#protectionservices #securitystandards #publicsaftey  #mobilesecurity #securitythreats

 

Acquire the necessary skills to survive an active shooter incident.

Acquire the necessary skills to survive an active shooter incident.

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Frank Costa, President Nexgen Protection Services – 

The A.L.I.V.E. Active Shooter Survival Training Program is a comprehensive training program designed to provide individuals with the necessary skills and knowledge to survive an active shooter incident. Its emphasis on situational awareness and decision-making makes it a practical and effective approach to active shooter situations. By empowering individuals to take proactive measures to protect themselves and others, the program can help prevent tragedies and save lives.

A.L.I.V.E. stands for Assess, Leave, Impede, Violence, and Expose. These are the steps that anyone can take to more effectively respond should you ever be confronted with an active shooter situation, terrorist attack, violent attacker in the workplace, and other potentially deadly events.

 

SOURCE: 

Lasky, S. Staying A.L.I.V.E. During Active Shooter Incidents with Michael Julian, Security Info Watch Magazine, 112/27/2024.
#protectionservices #securitystandards #publicsaftey  #mobilesecurity #securitythreats

 

Why Local Businesses Should Build Strong Relationships with Law Enforcement

Why Local Businesses Should Build Strong Relationships with Law Enforcement

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Frank Costa, President Nexgen Protection Services – 

Building strong relationships with law enforcement has always been crucial to a successful loss prevention program. Historically, the relationship between retail stores and local law enforcement has been a part of both community safety and retail performance, reinforcing the critical elements of security and well-being.

Trust and respect are essential, along with a general understanding of how we can work together to keep our communities safe and our businesses successful.

SOURCE: 

Brittain, J. Fostering Next-Level Partnerships That Make a Difference, Loss Prevention Magazine, 11/20/2024.
#protectionservices #securitystandards #publicsaftey  #mobilesecurity #securitythreats

 

License Plate Recognition (LPR): Secure, Intelligence Led Approach Retail Protection

License Plate Recognition (LPR): Secure, Intelligence Led Approach Retail Protection

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Frank Costa, President Nexgen Protection Services – 

Retailers are increasingly focused on establishing additional layers of control – so it makes sense why License Plate Recognition (LPR) is becoming a common talking point when it comes to LP strategies.

The scope of loss prevention has expanded to human safety first and foremost. This shift is matching the rise of Organized Retail Crime and violence in stores.

LPR systems use high-resolution cameras and other systems to capture and convert images of license plates into alphanumeric text, which can then be cross-referenced. Retailers worldwide have adopted LPR (sometimes known as ANPR) increasingly as an important component of their security strategies.

 

SOURCE: 

Elevating Retail Security Integrating License Plate Recognition and

Audio Detection into Your Safety Strategy, Loss Prevention Magazine, 12/10/2023.
#protectionservices #securitystandards #publicsaftey  #mobilesecurity #securitythreats

 

Cargo theft involves the manipulation of data and identities to gain access to freight under false pretenses.

Cargo theft involves the manipulation of data and identities to gain access to freight under false pretenses.

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Frank Costa, President Nexgen Protection Services – 

Organized retail crime (ORC) has been the buzzword in the retail loss prevention world for well over the past decade. During that time, the lack of support from the criminal justice system has certainly negated most of those efforts.

Criminals will establish fake trucking and brokerage companies with the sole intention of stealing cargo. They go through the same process as legitimate carrier information, registration, obtaining insurance, and operating authority. These companies then start completing legitimate jobs to establish a history of work performed. Once established, the thieves target high-value loads within their customer network to steal.

Insist on placing disposable GPS trackers inside your high-value loads. These cost-effective devices eliminate reverse logistics and device management while providing complete visibility of your freight, in real-time, from anywhere around the world. If and when a theft were to occur, you could follow the load in real-time from your phone to assist law enforcement in finding its exact location.

As of now, there is no silver bullet that will stop these thefts from occurring. But understanding the problem, training your staff, and installing protective measures will certainly act as a shield to help fend off these criminals.

SOURCE: 

Tabor, J. Strategic Cargo Theft: What It Is, How It Started, and What You Can Do to Stop It, Loss Prevention Magazine, 10/01/2024.
#protectionservices #securitystandards #publicsaftey  #mobilesecurity #securitythreats