The Loss Prevention Research Council’s
Impact Conference Oct. 2-4 2017, A Six Episode Series
Filmed on location at the University of Florida
THE LPRC CONDUCTS RESEARCH TO DEVELOP CRIME AND LOSS CONTROL SOLUTIONS THAT IMPROVES THE PERFORMANCE OF ITS MEMBERS AND THE INDUSTRY
The IMPACT Conference helps retailers & solutions partners better employ research tools to assess the real-world impact their LP efforts have on sales, crime, and loss levels.
LPRC Research Update
Stuart Strome, PhD, Research Scientist, Loss Prevention Research Council
The Loss Prevention Research Council continues to work on ways to help retailers sell more while losing less using in-store and supply chain innovation efforts, interviewing offenders, shoppers and employees, while analyzing large data sets and conducting randomized controlled trials in active locations.
A major LPRC research focus is better understanding the psychology of how LP/AP efforts actually affect human behavior in stores and distribution centers. They look at how and where LP should place deterrent treatments to make the most positive impact with the least negative shopper and employee effects.
In this 22-minute episode, Dr. Stuart Strome of the LPRC explains why the offender interviews they conduct are so crucial to their research, what data they collect when studying solutions, and how they help facilitate research collaboration among retailers.
Take the time to learn. As this is the LP/AP academic “Think Tank”.
Eliminating the guess work, the trial by error, and word-of-mouth old-school approaches,
the LPRC delivers Evidence-Based Solutions and Actionable Results.
What is Precision LP?
Precision LP/AP is using evidence-based actions, while accounting for very specific differences in crime/loss dynamics and affected environments, to more cost-effectively prevent or handle a problem with fewer negative side effects.
Precision LP/AP is an evolving mode using a deeper understanding of very specific crime or loss dynamics and their coupling to specific places and times to enhance prediction, as well as to generate more effective prevention, diagnosis and treatment.
Precision LP/AP should make it easier for practitioners to select targeted treatments including the optimal dose or deployment tactics to boost positive outcomes while reducing negative side effects.