Profitect’s profit amplification suite is a pattern-seeking solution, enables retailers to quickly realize increased revenue and reduced costs across the entire retail supply chain. Profit Amplification pattern-seeking algorithms can “tell a story” by identifying the root cause in anomalies such as inventory distortion, on-shelf availability, shrink/waste/damage, or process compliance – helping retailers minimize the effort necessary to identify controllable factors that the solution translates into action. As a result, retailers can move quickly to prevent profit leakage at all levels of the organization, ultimately improving business processes and the top & bottom line.
Profitect’s modular, non-disruptive, solution uses predictive analytics to pinpoint value chain margin leakage, inventory distortion, on shelf availability, shrink, waste, damage, process compliance, and operational risks. Innovative pattern seeking technology identifies opportunities and delivers best practice solutions to resolve personnel, system, and process behaviors, enabling excellence in the ordinary.
Benefits
- Realize untapped growth and profit opportunities across the entire retail value chain – from planning and buying, logistics, receiving, in-store inventory and POS
- Increase retail profits by expanding margin opportunities through cost reduction and revenue growth identification and action
- Easily integrate with existing systems, including CCTV, POS terminals, big data repositories, and delivering actionable tasks through existing systems, as well as mobile devices
- Elevate awareness and understanding the impact individual contributors bring to profitability
- Delivery options to best fit your company’s needs: on-premise or on the cloud
- Provide prioritized actions, from an industry tested best practice solutions bank or your own, allowing for faster resolution of the root cause of opportunities.