https://peertube.dngr.us/videos/watch/244fdfed-506d-4c5a-869c-9c83716cba19 Help us preserve, scan and post more rare and endangered films on Patreon: https://www.patreon.com/PeriscopeFilm Join this channel to get access to perks: https://www.youtube.com/channel/UCddem5RlB3bQe99wyY49g0g/join Website: www.PeriscopeFilm.com Created by the National Retail Merchants Association of New York and PK&E Films in 1968, "Mission: Loss Prevention" is a managerial training film that discusses the issue of inventory shortages in retail stores. (Note: An inventory shortage occurs when there is a difference between the recorded and physical inventory. In other words -- shrinkage.) The film explains how these shortages occur, their financial impact, and the importance of preventing them. The text highlights various causes of inventory shortages, including retail theft / shoplifting, errors in record-keeping, and mistakes in pricing and customer service. It emphasizes that preventing inventory shortages is a key responsibility of managers and supervisors, as these shortages directly affect the store's profits. The film also provides examples of how inventory discrepancies can happen and the importance of adhering to company regulations to minimize losses. (Note: Saul D. Astor, president of Management Safeguards Inc., may be the uncredited host of this film.) Film starts with an arresting visual: a security officer who is asleep on the job is hit over the head by a criminal, and then a big truck backs up into the warehouse and an entire cargo container is stolen. 1:12: Narrator: Introduction to inventory shortages, mentioning the hijack and the potential for insurance recovery. Retail stores lose over $2 billion annually in inventory shortages that are often untraceable. Most shortages can be prevented, and their existence indicates managerial failure. 2:13: Inventory shortages directly impact profits, which managers must protect. 2:31: Explanation of inventory shortage using a wallet analogy. VIsuals: man at a cash register opens his wallet to discover his $5 is missing. 2:47 : Inventory shortage in retail is the difference between recorded and actual inventory. Example of a stolen Zippo lighter causing a $5 shortage on the books. 3:36 : Errors in recording sales can also cause shortages, such as a teen boy cashier ringing up $1 for a $10 item bought by a pretty girl. 4:37: Book inventory should reflect the retail value of all merchandise. 5:23: Example of how book inventory is calculated over a six-month period. 5:56: Failure to spot shortages in shipments can lead to discrepancies. 6:11: Mistakes in customer refunds can also cause shortages. 6:36: Transfers between stores need careful checking to avoid shortages. Visuals: Black saleswoman assists customers with merchandise in a clothing store. 6:49: Markups must be recorded accurately to match book and physical inventory. 7:09: Total merchandise charged into the department is calculated. 7:30: Merchandise charged out includes sales, returns, transfers, markdowns, and discounts. 8:21: Example of a $2,500 inventory shortage due to discrepancies. 9:10: Various causes of inventory shortages, including errors and theft. 10:30: Example of fraudulent refund causing a shortage, where the book inventory was distorted by error or physical inventory affected by theft. 10:50: female customer brings in merchandise for return with no sales slip. Don the sales clerk creates a fraudulent refund slip which his girlfriend cashes while the supervisor is away. 11:16: Unrecorded markdowns and pricing errors leading to shortages. 12:20 : Importance of accurate record-keeping to prevent shortages. Visuals: purses or handbags being sold in a retail store. He accidentally drops the slip on the floor causing a lost of the records. 13:30: Example of an audit clerk failing to trace a missing transfer sheet. 14:31: Mistakes in pricing and customer service causing shortages. 15:11: Employees failing to adhere to rules can cause shortages. 16:12 : Importance of proper control and adherence to company regulations. 17:39: Example of a supervisor failing to prevent theft. 18:49: Example of theft during inventory counting. 20:22: The film ends with a montage showing all the correct policies that should have been used in the various scenarios that were presented earlier -- if supervisors are alert and follow procedures, many of these losses can be prevented. Prevention is key to avoiding inventory shortages This film is part of the Periscope Film LLC archive, one of the largest historic military, transportation, and aviation stock footage collections in the USA. Entirely film backed, this material is available for licensing in 24p HD, 2k and 4k. For more information visit http://www.PeriscopeFilm.com Source: https://www.youtube.com/watch?v=mJZWkI-NYUk Mirrored from Periscope Film (https://www.youtube.com/@PeriscopeFilm) Sat, 13 Jun 2026 13:21:11 GMT https://validator.w3.org/feed/docs/rss2.html PeerTube - https://peertube.dngr.us https://peertube.dngr.us/lazy-static/avatars/41a6fee9-7f57-42d0-a5fc-5db4f1af2e31.png https://peertube.dngr.us/videos/watch/244fdfed-506d-4c5a-869c-9c83716cba19 All rights reserved, unless otherwise specified in the terms specified at https://peertube.dngr.us/about and potential licenses granted by each content's rightholder.