Shoplifters Value Chain Analysis

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Over the course of year a retail company will lose thousands of dollars a year due to shoplifting and internal (employee) theft. Many companies will hire a staff who are trained to monitor and take action if necessary when it comes catching a shoplifter. Over years retail companies have seen many changes when it comes to theft. Shoplifters have got smarter in the ways they steal from a company. Even though we still see some shoplifters coming in and conceal one item and walking out the door. Those types of shoplifters cases where high and what we saw a lot back in the day. But today’s shoplifters have got smarter and use different techniques if that is a team of shoplifters coming in together, return fraud, check/credit fraud, ticket switching. …show more content…
“Strategy allows organizations to develop a clearer understanding of their own organization and what’s required for them to succeed. It helps organizations understand their core capabilities, identify and address weaknesses and mitigate risks. It can help organizations better design themselves so that they are focusing on the right things that are the most likely to deliver the best performance, productivity and profit both now and in the future.” This is one of the reasons that you have to put in a lot of theft when righting out your strategy.
The overall investigative strategy is what your overall plan is. AP is very goal oriented and having that investigative strategy help your team have that goal in their minds and help drive them to meet that goal. At the same time you might find out that you didn’t have the right plan and that can you help you come up with another plan. Most people will right up an investigative strategy towards the end of each month. When I worked at Cabela’s I was in charge of writing out the Investigative strategy. One of my strategies would look like
…show more content…
This case was in the area that I live and during one of my retail meeting with other asset protection employees the detective at the meeting told us that they had received a tip and had an undercover do a buy. The house that she lived in was worth 700,000 the undercover said that load of clothing in jewelry where in different rooms just piled up. When the lady showed the undercover the merchandise they said that the tags where still on the merchandise when they took the merchandise back to the store the retailer said they had just put this merchandise on the floor. There are many cases like this that detectives see all around the United States. In Cabela’s I dealt with a lot of professional shoplifters I would get my occasional rookie shoplifter but the company mainly wanted us to focus on the professional shoplifters just due to the fact that they could impact you more on your yearly shrink. Being an outdoor store we had expensive merchandise on the sales floor from $800 Garmin GPS’s to $3,000 cross bow just sitting on the sales floor. With having 180,000 square feet to cover in the store it was hard to keep track of all the merchandise. This is why we would mainly focus on are high theft

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