Resources
Profit Amplification: An Opportunity Now at Hand
Profit leakage in the retail industry is a persistent, pernicious problem. IDC Retail Insights defines it as profits lost from one type of breach or another in the “pipeline” of people, process, and systems involved in the flow of goods and information from suppliers to customers and back. While profitability is at the forefront of system and process improvements, the integrity of the pipeline that delivers profitability to the bottom line isn’t always given the same attention. Pipeline integrity depends on “excellence in the ordinary.”
Profitect’s Profit Amplification Application: Aims to Plug Retail Profitability Gaps
Profitect has completed its first year of U.S. operations. This software provider specializes in detecting and preventing both known and unknown inventory and non-inventory losses for retailers. Positioned as a retail ‘profit amplification or optimization’ tool, Profitect’s application analyzes various sources of retail data, including transactional data, detects different types of margin gaps / loss areas in different departments, and recommends actions for retailers to fill these gaps. This Analyst Insight assess Profitect’s product positioning and possible market impact in light of Aberdeen’s research into best practices in the retail industry.
