Lost Prevention is the proactive practice of safeguarding company assets – such as merchandise, inventory, and staff – from theft, fraud, and other forms of criminal activity. It’s a process that involves more than just physical security measures; it includes training, monitoring, and other preventive strategies to ensure that goods remain safe. Lost prevention teams work diligently to identify vulnerabilities, develop plans and systems to mitigate risk, and create an environment where employee safety and property protection are top priorities. With an effective lost prevention program in place, businesses can reap the rewards of improved efficiency and profitability.