Clear the slate! If today you had no safes, no cash-handling technology, no armored car or banking agreements, what would “best-practices” look like? Cash Advocate’s approach goes beyond your site, and includes your source of change funds, armored transportation and even the way your deposit is verified. If we can reduce expense and improve the process without investing capital, all the better!
A LinkedIn discussion recently contemplated the question, “Should cashiers be required to pay back shortages?” Here are some snippets of the excellent dialogue:
“Yes (They should pay back the shortages.) provided . . . only they had access.”
“No! This creates a condition where the employee can take a short term loan from the register.”
“Yes, maybe and [...]
Retailers have learned that cycle-counting . . . the process of counting something often, but seldom everything at once . . . actually decreases shrinkage. That’s because they spot problem areas quickly, and can take action sooner. Would it work for cash?
Is “Z” just an old key?
If like me you have saluted the “Z” report [...]
When one side moves, they all move.
Any engineer will tell you, “Cost, Specifications, Schedule. It’s a triangle. Adjust 1 side, the other 2 sides move. ” For example, adding more features means your product will be developed later, and cost more. The same goes for Loss Prevention, especially in this economy. We define the LP Triangle [...]
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J Angove & Associates, LLC
11185 Avila Way
Fishers, IN 46038
317.645.3864
john@cashadvocate.com