Share, , Google Plus, Pinterest,

Print

Posted in:

Keeping Ahead Of Losses Is Important For Productivity; Having Routine Risk Assessment Checks Done Is Mandatory


A risk assessment team is hired to help you so that your business doesn’t have major losses because of theft. This activity can be the difference between success and failure of your business. You could save a great deal of money and manpower by catching the problems in security from the beginning.

If you are looking for a way to eliminate loss or at least minimize it for your business then you may consider having a risk assessment done. This will help a small mom and pop shop or a fortune 500 company; keeping track of what your losses are will be vital in the decision of installing security. The first thing that you should do is sit down and ask yourself, “what are the risks to my business and how do I go about protecting my merchandise or company assets?”

Businesses manage their security systems in a way that they think that it will be best for their company. Performing a complete inventory on a regular basis will help to keep you up to date on what is missing. By doing this, if you need to, you can make adjustments to your security measures. You may just need a security adjustment to ensure that excess losses will not endanger your business.

Safety measures have been stepped up in stores to try to prevent thieves, for example; things like dye packs are now attached to clothing that is purchased. If you do see this item on your clothing, they will remove it at the register once point of sale is made; if you try to take it off yourself the dye pack in it will explode all over your clothes. This may prevent the thief from getting away with the item but it will still be considered a total loss for the business. So having another anti device plan may be a good idea.

The more that you have to lose the greater your need of security devices. Places such as a financial institution should have more than one security system installed; one measure is that of keys, there are more than on key that can get you into the vault. However, those employees do not work at the same time and it requires all of them to open all parts of it. Only a certain amount of money is left out of the vault so if the bank were ever robbed the thief wouldn’t get it all. Beware, however, if you are thinking of robbing a bank, because that is only one way to go; others are used besides the key method.

With crime up and the economy doing poorly, you really need to increase your efforts to prevent loss within your company. This is why it is so important to keep your internal controls simplified so that when a risk assessment team is engaged to help out they will be able to quickly have a good understanding of things.

Find more information regarding risk assessment and remember to check internal controls.