Manager - Loss prevention

Job Description

1 . Loss Preventionand RetailSOP Implementation: Establish standardized procedures for loss prevention, including protocols for monitoring, detecting, and addressing potential sources of loss such as theft, fraud, or errors in inventory management. Ensure these SOPs are communicated effectively to all staff members and seamlessly integrated into daily operations. 2. Inter-Department Brainstorming for New Tools: Encourage collaboration among different departments (e.g., Admin, finance, operations, IT, HR and Legal) to brainstorm and develop innovative tools or technologies to enhance loss prevention efforts. This could involve leveraging advancements in surveillance technology, data analytics, or inventory tracking systems. 3. HolisticStore Loss prevention Audits: Conduct regular audits ofstore warehouse operations to assess compliance with established procedures and identify any discrepancies or areas for improvement. Audit inventory processes to ensure accuracy in recording, tracking, and managing stock levels. 4. Identifying Operational Loopholes and Implementing Solutions: Continuously monitor operations to identify weaknesses or loopholes that could be exploited for loss. Implement processes, tools, or training programs to address these vulnerabilities and improve overall operational efficiency and security. 5. Retail Warehouse Compliance Monitoring and Management: Stay updated on relevant laws, regulations, and industry standards related toretail warehouse operations and loss prevention. Monitor compliance with these requirements and take corrective action as necessary to mitigate risks and maintain regulatory compliance. 6. Generating Analytical Reports: Utilize data analytics tools to generate reports on key performance indicators (KPIs) related to loss prevention efforts. Ensure reports are accurate, timely, and provide actionable insights for decision-making and process improvement. By implementing these strategies and procedures, retail businesses can enhance their ability to prevent losses and protect their assets, ultimately improving profitability and operational efficiency. 7. Incident & video Investigations and report writing: Conduct physical/video investigations for reported cases. Prepare and share investigation reports to management with CAPA. Get recommendations implemented to reduce any probable loss.