The Safeparts Company, a California-based distributor of automobile parts, recently conducted an inventory at its Los Angeles facility that showed inventory losses of $850,000. Concerned about the...

The Safeparts Company, a California-based distributor of automobile parts, recently conducted an inventory at its Los Angeles facility that showed inventory losses of $850,000. Concerned about the losses, management at Safeparts sought immediate action. You are a partner at Klein and Smith Loss Prevention Associates, a consulting firm. Safeparts executives contact you for assistance. A meeting is arranged. After competition with two other security and loss prevention firms, Safeparts executives decide on a 2-month contract for your firm’s services. You are in charge. What are your specific plans and actions?