A Loss Prevention Overview and Strategies for Small Businesses.

John E. Grimes III, CFE, CFI is Keynote Speaker at ComplianceKey. has over 45 years of law enforcement, criminal investigation, loss prevention, fraud examination experience, and teaching experience. John began his law enforcement career with the Baltimore City Police Department where he became a Detective in the Criminal Investigation Division (CID). John left Baltimore and became a Special Agent with the Amtrak Police Department Fraud and Organized Crime Unit and was later promoted to Captain of the CID. In 1993, John joined the Amtrak Office of Inspector General/Office of Investigations as ........


Running a Retail Business can be rewarding. However, uncontrolled and unidentified losses can put you out of business. The Association of Certified Fraud Examiners estimates that as much as 33% of all small business failures is a result of controlled and unidentified losses. Losses can occur as a result of external theft, internal fraud and theft, delivery discrepancies, mark-up and mark-down errors, and other paperwork issues. The only way you can identify the amount of losses is by taking periodic detailed inventories.
A recent survey of retailers indicates that the average shrinkage (or losses) totals 1.45 percent of sales. That may seem like a small number; however, when compared to low gross margins, it is significant. Shrinkage trends are moving up.

Why should you attend this webinar?

This webinar examines the guiding principles of loss prevention. The webinar will provide an overview of industry findings regarding losses (known as shrink). The webinar will identify the most common loss and fraud hazards of retail entities. It will discuss how to create a loss prevention program that includes: developing a loss prevention awareness campaign; the success of a Tip Line; hiring and training the right person; pre-employment and promotion screening; ensuring loss prevention policies and procedures are adequate; monitoring and auditing loss prevention practices to ensure they are in compliance with procedures; understanding why practices deviate from established procedures that lead to losses; determining a baseline of normal activity; and reacting to exceptions to baseline activity.

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Webinar Id: CIFJG004

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Duration: 90 mins

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 $167 (Single Attendee)  $599 (Unlimited Attendee)

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