Retail Loss Detection and Prevention - Policies and Procedures

Instructor: John E Grimes
Product ID: 704310
  • Duration: 90 Min
This webinar training will examine the guiding principles of loss prevention. It will provide an overview of industry findings regarding losses (known as shrink). The training will also identify the most common loss and fraud hazards of retail entities.

recorded version

1x Person - Unlimited viewing for 6 Months
(For multiple locations contact Customer Care)
Recorded Link and Ref. material will be available in My CO Section
Last Recorded Date: Dec-2015

Training CD / USB Drive

One CD/USB is for usage in one location only.
(For multiple locations contact Customer Care)
CD/USB and Ref. material will be shipped within 15 business days

Customer Care

Fax: +1-650-362-2367


Read Frequently Asked Questions

Why Should You Attend:

The Association of Certified Fraud Examiners reveals that as many as 33 percent of small business failures are a result of uncontrolled losses including employee theft. Large retail firms are aware of the importance of incorporating a viable loss prevention program in their business operation philosophy. However, many small to medium size retail firm owners do not understand the importance or concept of loss prevention and are vulnerable to failure due to uncontrolled losses.

The webinar 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
  • Reacting to exceptions to baseline activity

Areas Covered in the Webinar:

  • Establishing a zero tolerance for loss philosophy
  • Creating a loss prevention program
  • Discussing the most common retail loss hazards
  • Examining why employees steal from their employer
  • Establishing policy and procedures to prevent and/or early detect losses
  • Monitoring practices to ensure they comply with procedures
  • Reacting to a loss or theft indication
  • Conducting a shrink investigation when the sources of losses are unknown

Who Will Benefit:

  • Business Owners
  • Controllers
  • Management
  • Investigators and Fraud Examiners
  • External and Internal Auditors

Instructor Profile:

John E. Grimes III has over 45 years of progressive law enforcement, criminal investigation, fraud examination, loss prevention, leadership, and teaching experience. He began his career with the Baltimore City Police Department where he became a detective in the Criminal Investigation Division (CID). He left Baltimore and became a special agent with the newly created Amtrak Police Department Fraud and Organized Crime Unit. He was then promoted to captain of the CID. In 1993, Mr. Grimes joined the Amtrak Office of Inspector General/Office of Investigations. He was appointed chief inspector in 1999 and retired from service in 2011. Since his retirement his efforts have focused on education, training, and mentoring. He is an adjunct instructor at Stevenson University teaching graduate level courses in forensic interviewing and fraud examination. He is an advisory committee member for the Center for Forensic Excellence at Stevenson University. He is also on the Stevenson University Forensic Advisory Board.

In addition, Mr. Grimes is the proprietor of Fraud and Loss Prevention Solutions. He developed and taught an introductory loss prevention course for Blue Ridge CC in NC. Additionally, he has been a speaker, presenter, and trainer at many ACFE events, as well as government, private, and professional organizations.

Mr. Grimes is the immediate past president of the Maryland Chapter-ACFE. During his term as president, the Maryland Chapter was the honored recipient of the 2015 ACFE Chapter of the Year Award. He has been a Certified Fraud Examiner since 1997. He is also recognized as a Certified Forensic Interviewer by the Center for Interview Standards and Assessments, Ltd. Mr. Grimes is a member of the Reid Institute and the Loss Prevention Foundation. He was a former staff officer with the United States Coast Guard Auxiliary where he was recognized as an instructor specialist and a marine safety and environmental protection specialist.

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Refund Policy

Registrants may cancel up to two working days prior to the course start date and will receive a letter of credit to be used towards a future course up to one year from date of issuance. ComplianceOnline would process/provide refund if the Live Webinar has been cancelled. The attendee could choose between the recorded version of the webinar or refund for any cancelled webinar. Refunds will not be given to participants who do not show up for the webinar. On-Demand Recordings can be requested in exchange.

Webinar may be cancelled due to lack of enrolment or unavoidable factors. Registrants will be notified 24hours in advance if a cancellation occurs. Substitutions can happen any time.

If you have any concern about the content of the webinar and not satisfied please contact us at below email or by call mentioning your feedback for resolution of the matter.

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