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Walmart Loss Prevention and Asset Protection Audit Checklist

A comprehensive audit checklist designed to evaluate and improve Walmart's loss prevention and asset protection measures, ensuring the security of merchandise, employees, and customers across all retail locations.

Walmart Loss Prevention and Asset Protection Audit Checklist

by: audit-now
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About This Checklist

The Walmart Loss Prevention and Asset Protection Audit Checklist is a critical tool for safeguarding the company's assets, preventing theft, and ensuring a secure shopping environment. This comprehensive checklist addresses key areas such as inventory shrinkage, employee theft prevention, shoplifting deterrence, and security system effectiveness. By implementing regular audits using this checklist, Walmart can minimize financial losses, protect its merchandise, and maintain a safe environment for customers and employees. This checklist is essential for optimizing retail operations, reducing costs, and preserving profit margins in the highly competitive retail industry.

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Industry

Retail and E-commerce

Standard

Retail Loss Prevention Standards

Workspaces

Retail Stores

Occupations

Loss Prevention Manager
Asset Protection Associate
Store Security Officer
Inventory Control Specialist
Retail Operations Manager
1
Is the security system operational and regularly tested?

Select the current status of the security system.

To ensure that security systems are functioning effectively to prevent theft.
2
What is the current inventory shrinkage rate (%)?

Enter the inventory shrinkage rate as a percentage.

To monitor inventory loss and identify potential issues.
Min: 0
Target: 0
Max: 100
3
Are cash handling procedures being followed consistently?

Indicate whether cash handling procedures are being followed.

To ensure proper cash management and reduce theft risk.
4
Are employee theft deterrence measures in place?

Select the status of employee theft deterrence measures.

To assess the effectiveness of measures against internal theft.
5
Summarize any recent security incidents.

Provide a brief summary of recent security incidents.

To review incidents that may indicate vulnerabilities.
6
Is there an active shoplifting prevention program in place?

Select the current status of the shoplifting prevention program.

To ensure that measures are taken to prevent shoplifting.
7
How many employee training sessions on loss prevention have been conducted in the last year?

Enter the number of training sessions held.

To evaluate the frequency of training that enhances employee awareness on theft prevention.
Min: 0
Target: 10
Max: 100
8
When was the last security audit conducted?

Select the date of the last audit.

To track the frequency of security audits and ensure ongoing assessment.
9
Are all surveillance cameras operational?

Indicate whether all surveillance cameras are operational.

To confirm that surveillance systems are functioning to deter and document theft.
10
Describe any new loss prevention strategies implemented in the last six months.

Provide a summary of new strategies adopted.

To assess the effectiveness and evolution of loss prevention efforts.
11
Are access control measures for sensitive areas implemented?

Select the current status of access control measures.

To ensure restricted areas are protected to prevent theft and unauthorized access.
12
What is the target percentage for shrinkage reduction this year?

Enter the target shrinkage reduction percentage.

To set measurable goals for reducing inventory loss.
Min: 0
Target: 5
Max: 100
13
When is the next employee training on loss prevention scheduled?

Select the date of the next training session.

To ensure that ongoing training is planned for employees.
14
Is security personnel present during all operating hours?

Indicate whether security personnel are present at all times.

To confirm that security is consistently available to deter theft.
15
Summarize any updates to the incident response plan.

Provide details of any changes made to the incident response plan.

To ensure that the incident response plan is current and effective.
16
Is there an effective employee screening process in place?

Select the current status of the employee screening process.

To ensure that employees are vetted to reduce potential internal theft.
17
How many loss prevention meetings have been held in the last month?

Enter the number of meetings held.

To assess the commitment to continuous improvement in loss prevention strategies.
Min: 0
Target: 2
Max: 50
18
When was the last review of incident reports conducted?

Select the date of the last incident report review.

To ensure that all incidents are reviewed and addressed promptly.
19
Are anti-theft devices used on high-risk merchandise?

Indicate whether anti-theft devices are utilized.

To confirm that preventive measures are in place to deter shoplifting.
20
Provide feedback from staff regarding loss prevention practices.

Share any relevant feedback or suggestions from staff.

To gather insights from employees on the effectiveness of current practices.
21
Are risk assessment procedures regularly conducted?

Select the status of the risk assessment procedures.

To ensure that potential risks are identified and managed proactively.
22
How many security incidents have been reported in the last quarter?

Enter the total number of incidents reported.

To track the frequency of security incidents and identify trends.
Min: 0
Target: 5
Max: 100
23
When was the last training on risk management conducted for staff?

Select the date of the last training session.

To ensure that employees are trained in risk management practices.
24
Is the emergency response plan readily available to all staff?

Indicate whether the emergency response plan is accessible.

To confirm that all employees have access to critical emergency procedures.
25
Outline any recent improvements made to risk management strategies.

Provide details of any changes or improvements implemented.

To assess the effectiveness of updates to risk management practices.

FAQs

The audit should be conducted quarterly for each Walmart location, with more frequent spot checks for high-risk areas or stores with a history of significant shrinkage.

The checklist covers inventory control procedures, security camera systems, employee training on theft prevention, cash handling processes, shoplifting deterrence measures, and emergency response protocols.

The audit is typically conducted by Walmart's Loss Prevention team, often including regional loss prevention managers, in collaboration with store managers and asset protection associates.

By systematically evaluating all aspects of loss prevention and asset protection, the checklist helps identify weaknesses in current security measures, ensures consistent application of best practices, and guides the implementation of more effective strategies.

Yes, the checklist can be adapted to address specific security concerns of various Walmart formats, such as Supercenters, Neighborhood Markets, or Sam's Club locations, while maintaining core loss prevention audit elements.

Benefits of Walmart Loss Prevention and Asset Protection Audit Checklist

Reduces inventory shrinkage and financial losses

Enhances store security and employee safety

Improves effectiveness of loss prevention strategies

Ensures compliance with company policies and legal requirements

Identifies vulnerabilities in current asset protection measures