Three Things to Consider Incorporating in Loss Prevention Strategies

The manager of the Glory Days Grill franchise in Virginia, Lonnie Lazear has been working in the hospitality and dining sectors for over a decade. During this time, he has won several accolades, including being named managing partner of the year in 2008-09, 2011, and 2014. As a manager, Lonnie Lazear handles such things as personnel management and profit and loss management. Poor loss prevention strategies are capable of preventing the success of a new restaurant, regardless of how many positive aspects of the company are in place. Below are several things to improve loss prevention:

- Set up automated alerts. Implementing an automated system helps restaurant leaders avoid the headache of manually analyzing data so they can focus on other aspects of restaurant management. Such systems are capable of catching fraudulent activity from employees, such as the wagon wheel scam.

- Control access. By adding fingerprint security at the point of sale, restaurants can more effectively track each transaction to specific employees. As a result, examining inventory variances, schedule changes, and questionable transactions is simplified so restaurants can prevent losses faster.

- Add video security. While video shouldn’t be the primary method of identifying loss, it’s still an invaluable part of a restaurant’s overall loss prevention strategy. It helps restaurants confirm certain activities and identify issues in the data to avoid a false positive.