Profitect to Present at Ohio Grocers Association 2019 Loss Prevention Summit
Vice President Kelli Woelfel to Discuss Leveraging Prescriptive Analytics to Improve Self Checkout Practices and Minimize Total Retail Loss
BURLINGTON, MA – FEBRUARY 12, 2019 – Profitect Inc., the leading prescriptive analytics provider for the retail and CPG industry, today announced that Profitect Vice President of Industry Solutions Kelli Woelfel will present on leveraging prescriptive analytics to improve self-checkout practices and minimize total retail loss at the exclusive Ohio Grocers Association 2019 Loss Prevention Summit. The one-day event is being held in Lewis Center, Ohio on Wednesday, February 13, and Woelfel’s speaking presentation will begin at 9:45 a.m. ET.
Woelfel’s session, titled “Self Checkout to Pay Anywhere” will focus on the new challenges that have come from the rise of multi-device point of sale (POS) and its effects on shrink. Woelfel will explore how retailers can leverage their data to proactively prepare and implement practices to ensure successful adoption of self-checkout practices in their organization.
The Ohio Grocers Association Loss Prevention Summit brings together grocers, wholesalers, brokers and asset protection professionals to discuss rising loss prevention trends in the food industry and strategies to boost bottom lines and increase awareness.
- Ohio Grocers Association 2019 Loss Prevention Summit
- Mt Carmel Fitness Center, 7100 Graphics Way, Lewis Center, OH
- Wednesday, February 13, 2019, 8:30 a.m. to noon ET
- Session: “Self Checkout to Pay Anywhere”
- Kelli Woelfel, VP of Industry Solutions, Profitect
- 9:45 to 10:30 a.m. ET
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Profitect’s prescriptive analytics solution leverages pattern detection and machine learning to identify opportunities that impact sales and margin. Profitect takes retail and CPG company data and identifies areas for improvement including: inventory accuracy, out of stocks, pricing accuracy, unsellable merchandise, and assortment discrepancies. Profitect customers typically realize a 2-5% increase in sales, better consumer experience, 10-15% basis point margin improvement, and labor productivity improvement within 6 months. To learn more about Profitect visit: www.profitect.com or follow the company on Twitter and Linkedin.