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Define and execute the overall asset protection strategy, aligning with corporate goals for shrink reduction, safety, operational efficiency and business continuity.
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Develop and implement comprehensive asset protection and loss prevention strategies to minimize shrinkage and operational losses.
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Establish and enforce policies, procedures, and best practices for theft and fraud prevention, safety, and security.
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Ensure successful implementation of Shrink University, SOPs, inventory control programs, health safety initiatives and business continuity.
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Monitor industry trends, emerging threats, and regulatory changes to continuously improve loss prevention efforts.
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Provide regular updates to the Executive Team on shrink performance, program success, and risks.
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Oversee the budget for asset protection initiatives, ensuring cost-effective solutions for theft reduction, employee training, and security investments.
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Lead and oversee internal investigations related to theft, fraud, and policy violations, ensuring compliance with legal and ethical standards.
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Partner with law enforcement agencies and legal teams as needed for escalated cases.
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Utilize data analytics and reporting tools to identify trends, high-risk locations, and areas of opportunity for loss reduction while monitoring inventory levels and DOH data in Front store and Pharmacy.
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Collaborate with store leadership and operations teams to implement loss prevention training and awareness programs.
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Conduct audits and assessments to evaluate compliance with asset protection policies and procedures.
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Set performance targets for the APLP team and track the effectiveness of shrink reduction programs.
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Drive store security enhancements, including surveillance systems, alarm protocols, and physical security measures.
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Work closely with Regional Operations Directors, District Directors, and other leadership teams (Finance, IT, HR, Legal, Pharmacy) to ensure alignment and effective communication of shrink reduction and inventory reduction targets.
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Build and lead a high-performing loss prevention team, including regional asset protection managers and investigators.
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Develop and deliver training programs for store teams on theft deterrence, fraud prevention, and crisis response.
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Foster a culture of accountability and awareness, ensuring employees understand their role in protecting company assets.
