Turn Stock Counts Into Profit Amplification Opportunities

The Profitect Inventory (INV) module translates inventory information into item level growth and profit opportunities, insights and trends, correlating it with KPIs like damage, waste and shrink to provide actionable solutions to increase profits.

This module enables drill-down to any level in the category/item hierarchy or at the chain/store hierarchy, highlighting significant opportunities typically missed by retailers, thus providing the tools to measure, reduce and prevent stock loss, waste and related fraud – as well as opportunities for growth and profit amplification.

Inventory Module

 

Benefits

• Accelerate reaction time of prevention with actionable solutions for potential margin growth opportunities
• Establish corporate benchmarks and key performance indicators (KPIs) for store-level stock integrity
• Reduce out of stock and improve inventory visibility and management
• Reduce losses associated with waste and shrink, factors measured by hard inventory numbers
• Enhance store manager productivity by focusing on profit amplification rather than data gathering and processing
• Increase awareness to shrink from site level up to corporate and create realistic shrink goals
• Equip teams with action plans to correct inventory related issues with a prioritized list
• Translate the results of inventory counts into UPC level shrink figures and trends, correlating it with damage and waste figures