WEB : GLOBALSECURITYNWA . COM EMAIL : brett @ globalsecuritynwa . com Phone : 479-936-6677
Asset Protection
After working in retail in the United States and international markets over 30 years , a key learning is that you should ensure a company ’ s asset protection and security programs compliment each other . Your asset protection program should protect the profits that you work hard to put on the bottom line of your P & L . This requires you to look at all operational parts of your business : receiving , invoicing , inventory control program , tracking of waste , cash register controls , and accounting office . Once programs are in place for each of these areas , regular reviews of each area is recommended so that you have a scorecard indicating how each area operates . Inventory controls are critical in any business , as this determines what you actually have on hand compared to what your books show you have sold . The biggest decision you will have is how often to count your inventory , monthly , quarterly bi-annually or yearly . This program will help you determine if a diversion issue exists with your employees . If you discover losses in your business don ’ t instantly think it is theft , be sure and review all operational areas .
Training & Development
The next step in building a robust security and asset protection program is the training of all employees at your facilities , not just your security team . Having asset protection and security procedures written and in place is the first step . Then , developing a training program that has a built-in yearly refresher course . The yearly refresher course should occur at least once a year or more often , if needed . Your training should include the development of a crisis management program on how to recover your business in the event of a major catastrophic event . This is key to protecting your people , business and recovery enabling you to service your customers . Remember that developing your plans , training your team , and exercising those plans will go a long way towards protecting your employees , customers and business .
Mergers & Due Diligence
As your business grows along with the industry the opportunity for you to merge or acquire another business will become a great opportunity . As this happens it will become important for you to research and understand the business you are looking at not just from a monetary fit but also from an asset protection and security fit . The individuals you hire to help you determine next steps should be looking at every aspect of your target business : not just what the increase in business and customers will be , but also if the business model fits with yours . Asset protection and security are two areas that will need your attention . Ask yourself : Do the programs the company has in place mirror your current company ’ s model or will you need to start fresh ? Do they have the same standards of regarding inventory controls and training of employees ? Are the profits of the business really as good as they appear ? The answers can be found but only with the right team in place to get you the answers needed .