RTMG220 Final Paper Week 8 Loss Prevention Security Topics

timer Asked: Mar 27th, 2017
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Question Description

There is a great deal of debate and controversy surrounding the ability of loss prevention tools and technologies to deter retail theft. Fueling this controversy is the notion that despite increased spending on loss prevention tools and technologies, retail theft continues to increase.
For this assignment:

Students are to locate five references from scholarly journals or books that address this controversy. Scholarly journals are peer review journal articles that can be located by using the University’s library. Based on your research, you are to decide whether you support the idea that loss prevention tools and technologies are not effective in deterring retail theft or that the current tools and technologies are effective deterrents. Students should summarize each article and use the summation to support your position. Discuss the following 7 topics.

1. Security Personnel:
Door monitors
Armed security
Plain clothes investigators
Store detectives
2. Closed Circuit Television (CCTV):
Public View Monitors
Exception Based Report/CCTV Interface
3. Exception Based Reporting
4. Electronic Article Surveillance (EAS):
Hard tag
Dye markers
Source tags
5. Merchandise Lock ups:
Lock cabinets
Chains/cable locks
Security Hooks
Intelligent Displays

6. Mirrors
7. Point of Sale Activation

Body of your paper: 4 to 5 pages total in length (not including Title Page and Reference Page).

Paper Format:

Title Page - Include a title page with your name, student number, title of your review, course number, course name, session, section, semester and date.

Introductory Paragraph - Include an introductory paragraph.

Font and Spacing - Please complete this assignment in essay format and paper must be in your own words. The paper must be typed using 12 point font, Times New Roman script and in .doc format. All text must be aligned to the left (do not use justify). Standard margins are also required (per APA). Your paper should contain a cover page (APA formatted with running heading) and a separate reference page (APA formatted). No abstract is required.

Length - Write a 4 to 5 page paper not including the title page and reference page.

Reference Page - Include all sources on a Reference page

Punctuation, essay format (thesis, supporting paragraphs with transition and topic sentences, and summary) grammar and documentation count toward your grade.

Tutor Answer

School: UIUC

Here you go! Let me know if you need any edits or have any questions.✌








Globally, retailers have been concerned with their businesses due to theft considerably,
and it has become quite a concern on how to prevent these losses. The losses may be either
internal and or from external losses, employees and clients/shoppers concurrently. In other
words, the theft may be either from errors done by the firm administrators, other staff members
and also by shoplifting from the clients which ultimately makes the firms make negative
balances, and this greatly impacts on profitability. According to Fortune, retailers lost about $32
billion from shoplifting alone last year ("Retailers lost $32 billion to shoplifting, worker theft last
year", 2017).

In a survey conducted by the study, it is estimated that the retail industry had a shrinkage
rate of about 1.23% across all the 18 retail verticals according to the survey during the 2014–
2015 years. The total cost of shrinkage stood at $123.39 billion globally. It was an increase of
1.42% higher than any other years ("Retailers lost $32 billion to shoplifting, worker theft last
year", 2017).

Clearly, this constitutes that set rules are supposed to be made, ones that are more vigil
about deterring and or stopping this menace altogether. Hence the need for retail loss prevention
which entails practices used to prevent loss and ensure the businesses get max profits. Shrinkage
is thus what is further expanded as preventable losses that can therein be avoided in any business
brought about by inadvertent individuals and or through deliberate means. These actions may
either be vandalism, theft, misconduct, theft among other felonies.



Notably, the main objective of retail loss prevention is too narrow, limit, eliminate and or
deter preventable losses in retail that is deliberately influenced by humans. Thus many traditional
approaches matched...

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Thanks, good work

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