Comments on: Do You BOLO? http://joesbunker.net/blog/2008/10/26/do-you-bolo/ Loss Prevention Is Not Sales Prevention Tue, 09 Mar 2010 02:06:16 +0000 http://wordpress.org/?v=2.9.1 hourly 1 By: Joe http://joesbunker.net/blog/2008/10/26/do-you-bolo/comment-page-1/#comment-1283 Joe Wed, 29 Oct 2008 01:12:37 +0000 http://joesbunker.net/blog/?p=287#comment-1283 Rob, Thanks for the comment. You make great points. The only reason I would say "deterrent" in a BOLO case would be because, if the information is received distributed in time, it gives the store's personnel a chance to prepare for and deter an attempt by the same individual or group in their own store. In that sense, I see it as a deterrent. I also agree with you about the conditions of a BOLO. There should be clear evidence that a theft/fraud or an attempted theft/fraud has occurred, and that there is a reasonable chance that those involved will attempt similar activity in multiple locations. In that sense, counterfeiting would apply. I wonder if this was just a case of good intentions gone bad. Good to hear from you. Joe Rob,

Thanks for the comment. You make great points. The only reason I would say “deterrent” in a BOLO case would be because, if the information is received distributed in time, it gives the store’s personnel a chance to prepare for and deter an attempt by the same individual or group in their own store. In that sense, I see it as a deterrent.
I also agree with you about the conditions of a BOLO. There should be clear evidence that a theft/fraud or an attempted theft/fraud has occurred, and that there is a reasonable chance that those involved will attempt similar activity in multiple locations.
In that sense, counterfeiting would apply. I wonder if this was just a case of good intentions gone bad.
Good to hear from you.

Joe

]]> By: Rob Edwards http://joesbunker.net/blog/2008/10/26/do-you-bolo/comment-page-1/#comment-1273 Rob Edwards Tue, 28 Oct 2008 17:31:22 +0000 http://joesbunker.net/blog/?p=287#comment-1273 1. The company I work for uses this system to communicate with different stores of the same company. Usually upper level management (district level usually). We also alert other stores through phones calls (called a chain call). 2. I wouldn't really call it a deterrent. The shoplifter doesn't usually know that a BOLO has sent out for him/her unless they have been apprehended before. Its more effective as a means of communication with with other stores. 3. For a BOLO to be sent out it depends on what a subject has done. For example, if the subject shoplifted a high dollar amount of merchandise and has stolen high risk merchandise (razors, whitestrips, Dyson vacuums, etc), then a BOLO should be sent out. A example of a bad BOLO would be a group of kids on stealing video games. In conclusion, it is up to the judgement of the LP professional to send out a BOLO report. 4. I believe the jury's ruling is correct but the award is way too high. 1. The company I work for uses this system to communicate with different stores of the same company. Usually upper level management (district level usually). We also alert other stores through phones calls (called a chain call).
2. I wouldn’t really call it a deterrent. The shoplifter doesn’t usually know that a BOLO has sent out for him/her unless they have been apprehended before. Its more effective as a means of communication with with other stores.
3. For a BOLO to be sent out it depends on what a subject has done. For example, if the subject shoplifted a high dollar amount of merchandise and has stolen high risk merchandise (razors, whitestrips, Dyson vacuums, etc), then a BOLO should be sent out. A example of a bad BOLO would be a group of kids on stealing video games. In conclusion, it is up to the judgement of the LP professional to send out a BOLO report.
4. I believe the jury’s ruling is correct but the award is way too high.

]]> By: target asset protection | Bookmarks URL http://joesbunker.net/blog/2008/10/26/do-you-bolo/comment-page-1/#comment-1248 target asset protection | Bookmarks URL Mon, 27 Oct 2008 23:33:55 +0000 http://joesbunker.net/blog/?p=287#comment-1248 [...] Does an individual’s asset protection planning also mean that his or her business is protected? The answer is no. Sorry, there simply is no silver bullet for everything. If a business or professional practice owned by an individual is sued, it puts the assets of the business or professional … Do You BOLO? [...] [...] Does an individual’s asset protection planning also mean that his or her business is protected? The answer is no. Sorry, there simply is no silver bullet for everything. If a business or professional practice owned by an individual is sued, it puts the assets of the business or professional … Do You BOLO? [...]

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