Inventory

For store operations, finance, inventory control and loss prevention

The Profitect Inventory (INV) module analyzes inventory count, RFID, unsellable and stock adjustment data to identify opportunities originating from shrink, damage/waste, on-shelf availability, inventory distortion, markdowns, and sales trends.

Benefits

• Establish corporate benchmarks and key performance indicators (KPIs) for store-level stock integrity
• Analyze sales to quickly identify and react to product and store behaviors
• Reduce inventory distortion associated with damage, shrink, returns, markdowns and store associate price overrides
• Enhance associates productivity by focusing on highlighted opportunities rather than data gathering and processing
• Communicate best practice recommendations for common resolution practices across the teams
• Increase awareness to inventory distortion from site level up to corporate and create realistic goals
• Equip teams with action plans to correct inventory related issues with a prioritized list
• Translate the results of inventory counts into UPC level figures and trends
• Collaborate around “Cement” Products, that doesn’t move as expected

Typical analyzed data

• Stock adjustment data – Daily aggregations by store and product of sales, cycle counts, damage / waste, customer returns, HO markdowns, store associate price overrides, product receiving
• Master data – Stores, Products, Vendors, Calendars