Achieving Extreme Loss Prevention

Let’s Get Started Fast, Right Out of the Chute.

Extreme Loss Prevention (ELP) is the condition attained when a store or company realizes “best-in-class” shrink control on a continuing basis (three out of four calendar quarters) and, in doing so, achieves a clear competitive advantage for the company.

So, how do you really get better at controlling store shrink and ultimately achieving best-in-class LP? Raise your standards and dedicate your organization to excellence in execution and stopping behaviors that cause or enable shrink. Read on to learn how.

Extreme Loss Prevention occurs at the practice and process levels, not the product level.We are now – and will always be – in the people business, and stopping store shrink is 90% about people’s everyday, in-store behaviors. ELP is an ongoing process, not an event, and it only occurs when you engage the entire culture of your company – all of its people – and utilize the smartest technology. These multiple impact points positively and proactively drive shrink down and profit up.

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