Blue Square

Overview
A leading Israeli supermarket chain, operating 188 hypermarkets and supermarkets.
Publicly-owned company with shares traded on the NYSE and the Tel Aviv Stock Exchange (TASE).
Annual revenues: U.S. $2 billion.

The Solution
Blue Square has deployed several of the Profitect Suite modules for all its supermarkets, and realized the following benefits:

• Significant loss reduction, resulting in sustainable savings of millions of dollars
• High risk stores realized a loss reduction rate of 50-70%
• Increased operational compliance
• Improved processes

350 users across the enterprise are connected and working with the solution, in a wide range of roles: Finance, Audit, Loss prevention, Store operations, Store management

Profitect delivered fact-based tracking capabilities to monitor shrink performance across the entire chain. All store managers and some store employees gained access to shrink and non-compliance reports, operational issues that may generate shrink or waste, and alerts for suspicious activity in the store, which could potentially generate loss.
Other tools that were utilized were Shrink Performance Scorecard, Loss Reduction work plan monitoring, Shrink Management Tools, High Risk Stores and High Risk Products control, Exception Reporting and more.
On the corporate level, Profitect provided management with a unique set of KPIs for monitoring, comparison, and decision making purposes along with defined and standardized approach to shrink improvement based on best practices.