What is meant by ‘profit protection’? And is anyone really doing it?

This session is sponsored by Lodge Service https://lodgeservice.com/ It is not unusual in any sector to generate buzz words and phrases that catch on. Security is no exception. ‘Profit protection’ can be presented as one example. When ‘security’ seemed old hat, especially (but not exclusively) in retailing, there was a focus on ‘loss prevention’. For many that missed the point, it was negative leading (loss) rather than positive (profit), and anyway good practices were helping the company ac...