loss prevention strategies

Loss prevention strategies are practices businesses use to reduce theft, fraud, and errors that can lead to financial loss. These include employee training, security cameras, and inventory management systems to monitor and protect assets. Having clear policies, regular audits, and controls help catch issues early. Building a positive work environment encourages honesty, while physical security measures deter theft. Overall, these strategies aim to safeguard the company’s resources, maintain customer trust, and ensure business stability through proactive measures and effective oversight.