Retail Loss Prevention Assignment Example | Topics and Well Written Essays - 250 words

Retail Loss Prevention - Assignment Example The 11.9% increase in eFencing from 49.2% in 2012 is a clear indication that ORC needs specialized attention. The loss resulting from ORC flows through the entire chain of distribution and the consumer becomes a victim too either by purchasing stolen products or by having to pay more money as a result of increased prices on commodities or services. Moreover, the criminals are becoming more aggressive harming those who happen to interdict them. While the article highlights partnerships and advocacy as well as federal legislations as the best methods of curbing ORC, I perceive increasing visibility on merchandise and employees involvement to be best ways of curbing the disgraceful act. The staff should be in a position to keep an eye on every stock as n uncomplicated and less costly way of preventing occurrence of ORC. Employees should also be fully exposed to the company’s policies regarding theft and stern warnings and possibly dismissal given to those caught participating in the practice (Greggo, Alan & Millie, 127). Noteworthy, Greggo, Alan, and Millie attribute the continual increase in ORC to the lessened interests to work, high unemployment and the need for individuals to uphold cozy lifestyles despite the prevailing economic hardships (p. 132). Securing credit card data has also become extremely and with the increased cyber crime, it will be challenging to handle ORC (Hedgie, N.p). The article by the National Retail Federation informs how important law enforcing agencies are in preventing retail losses. Hedgie Bartol. "Loss Prevention."  Integrated Solutions For Retailers, POS Software, POS Hardware, Retail Software. N.p.,  2014. Web. 24  Apr.  2015.