Loss Management
外汇网2021-06-19 14:32:42
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A business practice that seeks to detect, identify, investigate and pvent events that cause a drop in value of any of an organization's revenues, assets and services. Loss-management improvements may involve changes in a business's operating policies and business model in order to limit instances of accidental and/or intentional loss.
For example, both intentional theft of company property and accidental damage to products as a result of faulty machinery constitute sources of loss that would be the responsibility of loss management. Company repsentatives may work alongside consultants and members of the insurance industry to improve a business's loss-management practices.
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