Protiviti’s Loss Prevention practice provides solutions that help organizations protect their most critical assets, reduce inventory and cash losses, and enhance corporate profitability.
Losses from theft, shortage control, procedural error, underreporting of sales and brand degradation are an unnecessary drain on corporate profitability. Retail shrink averages 1.44 percent of net sales, according to the University of Florida’s 2007 National Retail Security Survey – a figure that adds up to $34.8 billion annually for the industry. That means the stakes are higher than ever for organizations to focus on preserving – and ultimately enhancing – profitability through effective loss prevention programs.
Our Loss Prevention consultants help companies design and employ world-class loss prevention programs and practices, including risk assessment, establishment of preventative controls and historical cost recovery. Each member of our loss prevention team has practical senior management experience, with a scope of responsibility that led to direct reporting relationships with executive management and boards of directors.
We understand that a one-size-fits-all approach to loss prevention rarely fits each and every industry segment. That is why we craft specialized programs for the retail, grocery, food service, hospitality and supply chain sectors.
Our services include:
- Loss Prevention Assessments & Diagnostics
- Loss Prevention Outsourcing & Co-Sourcing
- Loss Prevention Consulting Services