It’s not uncommon for large retailers to have entire departments devoted to loss prevention. They tackle a variety of different areas that contribute to businesses losses. Of course, most independent pharmacies aren’t in a position to have even one person, let alone an entire department, devoted to preventing theft and inventory shrinkage. But the size […]
It’s not uncommon for large retailers to have entire departments devoted to loss prevention. They tackle a variety of different areas that contribute to businesses losses.
Of course, most independent pharmacies aren’t in a position to have even one person, let alone an entire department, devoted to preventing theft and inventory shrinkage. But the size of the business doesn’t make those things any less problematic. They still have an impact on your bottom line.
For small businesses, little changes can make a big differences in loss prevention efforts. One of these small changes is improving how you manage cash. Having all of your employees work out of the same cash drawer means it’s almost impossible to pin down problems if you start having cash shortages. Instead, use dual cash drawers and assign employees to a specific drawer. That way, at the end of the day, you know who was responsible for which drawer and can solve problems before they get out of control.
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