What is the difference between loss prevention and asset protection

Protection is a combination of security equipment and safety procedures used to defend against and eliminate threats. A monitored fire alarm and subsequent emergency evacuation plan are examples of quality protection. Although prevention and protection are different, use both simultaneously to secure your business from possible threats. To prevent a security threat means to reduce risk. Consider implementing some prevention strategies into your business security plan to minimize threats.

The main focus of protection is to guard your business in the event of a threat. There are a number of ways you can protect your business and increase security. Consider utilizing the following security equipment for protection:. Utilize both prevention and protection for optimal security. Stay current on security trends, and connect with a security vendor to find a solution that fits your business.

Reading Comprehension — Understanding written sentences and paragraphs in work related documents. Speaking — Talking to others to convey information effectively. Complex Problem Solving — Identifying complex problems and reviewing related information to develop and evaluate options and implement solutions. Critical Thinking — Using logic and reasoning to identify the strengths and weaknesses of alternative solutions, conclusions or approaches to problems.

Instructing — Teaching others how to do something. Judgment and Decision Making — Considering the relative costs and benefits of potential actions to choose the most appropriate one. Time Management — Managing one's own time and the time of others. Active Learning — Understanding the implications of new information for both current and future problem-solving and decision-making.

Persuasion — Persuading others to change their minds or behavior. Systems Analysis — Determining how a system should work and how changes in conditions, operations, and the environment will affect outcomes. Systems Evaluation — Identifying measures or indicators of system performance and the actions needed to improve or correct performance, relative to the goals of the system. Writing — Communicating effectively in writing as appropriate for the needs of the audience. Coordination — Adjusting actions in relation to others' actions.

Management of Personnel Resources — Motivating, developing, and directing people as they work, identifying the best people for the job. Service Orientation — Actively looking for ways to help people. Social Perceptiveness — Being aware of others' reactions and understanding why they react as they do. Negotiation — Bringing others together and trying to reconcile differences. Mathematics — Using mathematics to solve problems. Operations Monitoring — Watching gauges, dials, or other indicators to make sure a machine is working properly.

Quality Control Analysis — Conducting tests and inspections of products, services, or processes to evaluate quality or performance.

Management of Financial Resources — Determining how money will be spent to get the work done, and accounting for these expenditures. Management of Material Resources — Obtaining and seeing to the appropriate use of equipment, facilities, and materials needed to do certain work.

Operations Analysis — Analyzing needs and product requirements to create a design. Operation and Control — Controlling operations of equipment or systems. Troubleshooting — Determining causes of operating errors and deciding what to do about it.

Technology Design — Generating or adapting equipment and technology to serve user needs. Programming — Writing computer programs for various purposes. Equipment Maintenance — Performing routine maintenance on equipment and determining when and what kind of maintenance is needed.

Equipment Selection — Determining the kind of tools and equipment needed to do a job. Installation — Installing equipment, machines, wiring, or programs to meet specifications.

Repairing — Repairing machines or systems using the needed tools. Science — Using scientific rules and methods to solve problems. All 52 displayed 17 important.

Oral Expression — The ability to communicate information and ideas in speaking so others will understand. Problem Sensitivity — The ability to tell when something is wrong or is likely to go wrong.

It does not involve solving the problem, only recognizing there is a problem. Near Vision — The ability to see details at close range within a few feet of the observer. Oral Comprehension — The ability to listen to and understand information and ideas presented through spoken words and sentences.

Deductive Reasoning — The ability to apply general rules to specific problems to produce answers that make sense. Inductive Reasoning — The ability to combine pieces of information to form general rules or conclusions includes finding a relationship among seemingly unrelated events. Written Comprehension — The ability to read and understand information and ideas presented in writing. Written Expression — The ability to communicate information and ideas in writing so others will understand.

Speech Clarity — The ability to speak clearly so others can understand you. Speech Recognition — The ability to identify and understand the speech of another person. Originality — The ability to come up with unusual or clever ideas about a given topic or situation, or to develop creative ways to solve a problem. Category Flexibility — The ability to generate or use different sets of rules for combining or grouping things in different ways.

Selective Attention — The ability to concentrate on a task over a period of time without being distracted. Far Vision — The ability to see details at a distance. Flexibility of Closure — The ability to identify or detect a known pattern a figure, object, word, or sound that is hidden in other distracting material. Fluency of Ideas — The ability to come up with a number of ideas about a topic the number of ideas is important, not their quality, correctness, or creativity.

Information Ordering — The ability to arrange things or actions in a certain order or pattern according to a specific rule or set of rules e. Perceptual Speed — The ability to quickly and accurately compare similarities and differences among sets of letters, numbers, objects, pictures, or patterns.

The things to be compared may be presented at the same time or one after the other. This ability also includes comparing a presented object with a remembered object. Speed of Closure — The ability to quickly make sense of, combine, and organize information into meaningful patterns. Memorization — The ability to remember information such as words, numbers, pictures, and procedures. Number Facility — The ability to add, subtract, multiply, or divide quickly and correctly.

Visualization — The ability to imagine how something will look after it is moved around or when its parts are moved or rearranged. Mathematical Reasoning — The ability to choose the right mathematical methods or formulas to solve a problem. Time Sharing — The ability to shift back and forth between two or more activities or sources of information such as speech, sounds, touch, or other sources.

Visual Color Discrimination — The ability to match or detect differences between colors, including shades of color and brightness. Auditory Attention — The ability to focus on a single source of sound in the presence of other distracting sounds. Hearing Sensitivity — The ability to detect or tell the differences between sounds that vary in pitch and loudness. Trunk Strength — The ability to use your abdominal and lower back muscles to support part of the body repeatedly or continuously over time without 'giving out' or fatiguing.

Dynamic Strength — The ability to exert muscle force repeatedly or continuously over time. This involves muscular endurance and resistance to muscle fatigue. Explosive Strength — The ability to use short bursts of muscle force to propel oneself as in jumping or sprinting , or to throw an object. Finger Dexterity — The ability to make precisely coordinated movements of the fingers of one or both hands to grasp, manipulate, or assemble very small objects. Manual Dexterity — The ability to quickly move your hand, your hand together with your arm, or your two hands to grasp, manipulate, or assemble objects.

Multilimb Coordination — The ability to coordinate two or more limbs for example, two arms, two legs, or one leg and one arm while sitting, standing, or lying down. It does not involve performing the activities while the whole body is in motion. Response Orientation — The ability to choose quickly between two or more movements in response to two or more different signals lights, sounds, pictures.

It includes the speed with which the correct response is started with the hand, foot, or other body part. Static Strength — The ability to exert maximum muscle force to lift, push, pull, or carry objects. Depth Perception — The ability to judge which of several objects is closer or farther away from you, or to judge the distance between you and an object. Gross Body Coordination — The ability to coordinate the movement of your arms, legs, and torso together when the whole body is in motion.

Gross Body Equilibrium — The ability to keep or regain your body balance or stay upright when in an unstable position. Reaction Time — The ability to quickly respond with the hand, finger, or foot to a signal sound, light, picture when it appears. Speed of Limb Movement — The ability to quickly move the arms and legs. Stamina — The ability to exert yourself physically over long periods of time without getting winded or out of breath.

Control Precision — The ability to quickly and repeatedly adjust the controls of a machine or a vehicle to exact positions. Arm-Hand Steadiness — The ability to keep your hand and arm steady while moving your arm or while holding your arm and hand in one position. Wrist-Finger Speed — The ability to make fast, simple, repeated movements of the fingers, hands, and wrists.

Peripheral Vision — The ability to see objects or movement of objects to one's side when the eyes are looking ahead. Spatial Orientation — The ability to know your location in relation to the environment or to know where other objects are in relation to you. Glare Sensitivity — The ability to see objects in the presence of glare or bright lighting. Night Vision — The ability to see under low light conditions. Cash registers were manual, and the only investigation tool you had were printed register tapes.

Sales checkbooks were numbered and signed out to individual salespeople so you knew who had book and so on. And there were no cameras over the registers. One interesting advantage in those days is that most major department stores had their own credit department. Many stolen credit card cases were solved that way. Yes, we knew about cargo theft and did have truck seals, but the manual controls were rudimentary. It took time, but the good news was, when you caught someone using this method, it was usually a big case.

As time went on, retail security evolved into a softer concept called retail loss prevention LP. It encompassed broader thinking about retail loss and how to prevent it. Areas such as safety compliance and audits started to fall under the LP banner in some companies. Even insurance management was included in some cases.

Physical protection of product to prevent theft began to catch on. But that often included the use of clumsy cables for furs and leather coats and locking up all the valuable merchandise in sight. Stores began using cameras more, but that usually involved banks of monitors being watched real-time by loss prevention agents.

Early electronic article surveillance began to arrive, but adoption was slow in the beginning, often opposed by store management and visual. Internal interviewing was far from the Wicklander-Zulawski sophistication we see today. Loss prevention began to morph once more into calling itself retail asset protection AP.

Under Armour is typically in a mall environment with other big-name brands. CCTV footage is not as effective as it once was when it is shared with law enforcement with the intent to prosecute. Andrews notes that the reduction, as well as the perception of law enforcement, are also issues. With law enforcement cuts, priority must be given to higher impact crimes, making retail theft less of a priority. Creating solutions to combat these and other pain points is a crucial part of any loss prevention and asset protection department.

Fagergren believes that building relationships with policymakers, law enforcement, and other LP retail professionals is a key part of loss prevention. Creating partnerships and getting involved with your community are crucial too. Get out there in the weeds and get involved in retail councils.

They did virtual visits in the stores to make sure camera systems were being used, freight was being received correctly, and regulatory commitments were being met.