Monday, 12 December 2016 01:01

12-12-2016 - FRF's Weekly Loss Prevention Tips

Written by FRF

Basic Tip: If not controlled/reviewed, using your stores’ capabilities and resources to ship from the store is an easy way for an employee to move unpaid-for merchandise out of your store. To combat/deter this – review any and all shipments made from stores and cross reference them to employee address files, receipts of sales made and/or known addresses to ensure no fraud has taken place.

Advanced Tip: If shipping from your store is a shared responsibility amount employee, one warning sign of possible fraud is the consistent request or action of a single associate to complete the task. To combat/deter this – ensure multiple associates share the responsibility of shipping from your store to your customers or add an approval/sign off at the end of the process before pickup is made at the store.

Monday, 24 October 2016 01:52

10-24-2016 - FRF's Weekly Loss Prevention Tips

Written by FRF

Basic Tip: Coupon stacking is a way for associates to fraudulently discount merchandise that they will then purchase at well below full retail value. To help deter this – set a limit or policy on the number of coupons that the register can take (depending on the register either by item or percentage of total transaction).

Advanced Tip: To identify potential incidents of coupon stacking – you can review discounts by transactions. For example: # of Coupons greater than # will show you potential transactions where associates took more coupons than items scanned.

Thursday, 16 June 2016 12:24

7-11-2016 - FRF's Weekly Loss Prevention Tips

Written by FRF

Basic Tip:Make bank deposit drops daily and always have a secondary associate accompany the manager when completing the bank deposit drop.

Advanced Tip:Create and use a Bank Deposit log for tracking all deposits created and documenting when they have been dropped off at the bank or picked up by an armored car service.

Thursday, 16 June 2016 12:11

7-5-2016 - FRF's Weekly Loss Prevention Tips

Written by FRF

Basic Tip:Do not allow employees to complete transactions for themselves or even for family members and friends.

Advanced Tip:Ensure that all employee transactions, even those that are employee discount but purchased by employee’s family, be retained and reviewed on a consistent basis for compliance to your set of policy/procedures.

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