Unrealized Potential: Missed Sales Opportunities & Profit Protection
… the economic impact caused by the current pandemic crisis is unknown, we know companies will continue to look for ways to increase profitability and growth. In the short term, expect to see a 25-30% reduction in operating budgets. This will create challenges for loss prevention (LP) departments if organizational leadership views their LP team simply as security guards who catch thieves and regard shrink only as a line on the profit and loss statement. An effective profit protection model views shrink as a resolutely complex and interwoven problem transcending company and departmental boundaries that requires a multi-faceted and …
https://www.epicbrokers.com/insights/unrealized-potential-missed-sales-opportunities-profit-protection/