Turning incident awareness into preventative action is core to retail operations, asset protection, and loss prevention today. But when it’s time to zoom out and plan across functions, this data transition still has a critical unanswered question.
If incidents involving violence and aggression are presenting such a threat, how do you quantify such a threat in commercial terms?
Leading global retailers need more than incident awareness on this front. AP/LP leaders are expected to understand the total cost and business impact of problems such as violence and aggression – in addition to preventing it at the store level.
Let’s cover why it seems so difficult to achieve this, as well as what could move the needle when it comes to revealing the unseen impact of retail violence and aggression.
Understanding the variables of “total” cost
When an incident occurs, different teams absorb different aspects in isolation. There’s a lack of connectivity between the frontline and the bottom line, especially in large retail organizations.
Nobody truly sees the whole picture. So, it can be difficult to propose and fund a solution that is proportionate to the actual problem of violence and aggression in stores. And it’s not just the siloed variables of quantifying total cost, it’s the very nature of each too.