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News - February 20, 2020
RIS News: Battling Retail Labor Constraints with Prescriptive Analytics
With advanced technology becoming increasingly prevalent in the retail industry, many retailers are concerned about a growing skills gap. Their concern is that new technology is too complex for all but the most tech-savvy candidates — further reducing the size of their available labor pool…[Read More]
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News - January 29, 2020
Business 2 Community: 3 Leadership Lessons Learned from Selling Software
I’ve spent the last 25 years selling software — first for others, and then as the head of my own company. In that time I’ve learned many lessons that helped me develop my own skills, and then develop the skills of people who worked for me. Here are my top three: [Read More]
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News - January 20, 2020
Stacey on IoT: The future of retail is tracking and IoT
Retailers are going all in on the internet of things. Whether it’s with cameras that monitor for shoplifters or sensors that track individuals via their smartphone’s Wi-Fi when they step inside a store, retailers are increasingly capturing the data we’re generating in their brick-and-mortar locations. They’re using the data to understand everything from who is […]
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News - January 13, 2020
Forbes: The Rise And Benefits Of No-Inventory Stores
“Try it before you buy it,” the familiar saying goes. Brick-and-mortar retailers have embodied this concept since the inception of physical stores. But the saying is taking on a different meaning for retailers seeking to expand their service-oriented offerings and, in turn, reimagine the concept of physical stores. No-inventory stores, like Nordstrom Locals and Bonobos, […]
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News - January 10, 2020
Refrigerated & Frozen Foods: 2020 predictions for CPG, retail industries
The new decade will follow a similar trajectory toward widespread adoption and integration of advanced technologies across industries. In particular, consumer packaged goods (CPG) players will see increased integration of robots throughout the industry, growth in frictionless shopping experiences and enhanced ability to cater to consumer shopping experiences through computer vision…[Read More]
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News - January 8, 2020
Information Week: Is Your IT Department Ready for Generation Z?
While much has been written (and said) about Millennials and their impact on the workforce, a younger generation, Generation Z, is set to be the most transformative age group yet. Born in 1995 or later, the first wave of this new generation is already in the workforce, and they have high expectations. Keeping them happy […]
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News - January 6, 2020
LP Magazine: 2020 Crystal Ball: 3 Predictions for the Retail Industry
The decade of the 2010s saw a remarkable amount of innovation in the loss prevention and asset protection space. Numerous LP teams found themselves asked to do “more with less,” including increasing productivity with the same resources. Various technology solutions emerged to help labor-strapped LP teams do so, and we will continue to see their […]
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News - December 16, 2019
Forbes: Augmented Intelligence: Empowering Humans, Not Replacing Them
It is nearly impossible to talk about technology today without some mention of artificial intelligence (AI). While everyone is familiar with AI, the concept of augmented intelligence is not as ubiquitous. Augmented intelligence sees AI and other technologies as ways of advancing human performance and capabilities, not as a substitute for them. From warehouses and […]
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News - December 16, 2019
LP Magazine: The Future Is Now: Retail’s Revolution and Ramifications for LP
People are drawn to visions of the future. What’s next? Who will win? How will it end? It’s why pundits and prognosticators can fill hour after hour of broadcast time—and why comeuppance for inaccuracy is rare. A sport analyst’s vehement prediction that a team will lose the championship game will evaporate before the locker room […]
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Press Releases - December 16, 2019
Zebra Voted Top Software Vendor by Retailers in 2020 RIS Software LeaderBoard
Zebra Voted Top Software Vendor by Retailers in 2020 RIS Software LeaderBoard Top rankings highlight the value of the integration of Profitect, now known as Zebra Prescriptive Analytics BURLINGTON, Mass. — Dec. 16, 2019 — Zebra Technologies Corporation (NASDAQ: ZBRA), an innovator at the edge of the enterprise with solutions and partners that enable businesses […]
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News - December 11, 2019
Chain Store Age: Shrinking the supply chain skills gap with prescriptive analytics
It’s no secret that retail supply chain and warehousing face a shortage of talent in the near future. A recent MHI report indicated that 65% of supply chain professionals see hiring skilled workers as a top challenge. This skills gap can be explained largely by the onset of the digital age. More technology than ever […]
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News - December 9, 2019
RIS News: Top 10 Software Vendors in Retail
Customer feedback is critical to every retailer and essential to the “2020 RIS Software LeaderBoard.” Based on retailer feedback, here are the top-10 software vendors of the year. It is important to note the LeaderBoard features 51 best-of-the-best charts. None are actually billed as the “top-10 software vendors of the year.” However, the report includes […]
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News - November 22, 2019
Total Retail: What Retailers Need to Know About Hiring Gen Z for the Holiday Season
The holidays are nearly upon us, and brick-and-mortar retail stores will soon be playing festive music as they gear up for their busiest months of the year. Retailers, and grocers alike, will need additional staff to cover the influx in shoppers. According to a survey conducted by Profitect, now Zebra Prescriptive Analytics, 44 percent of […]
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Press Releases - September 11, 2019
PACT (Prescriptive Analytics Collaborative Training) 2019 User Conference Kicks Off at Walt Disney World’s Swan and Dolphin Resort in Orlando
PACT (Prescriptive Analytics Collaborative Training) 2019 User Conference Kicks Off at Walt Disney World’s Swan and Dolphin Resort in Orlando Senior retail executives come together to share success stories and technology advancements BURLINGTON, MA – Sept. 11, 2019 — Profitect Inc., now part of Zebra Technologies (NASDAQ: ZBRA) and the leading prescriptive analytics provider for […]
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News - September 8, 2019
Insights Success: Profitect: Retail & CPG’s Premier Prescriptive Analytics Provider
Based in Burlington, less than 15 miles outside of Boston, Profitect is a software firm offering an award-winning prescriptive analytics solution. The solution uniquely processes data to automatically identify opportunities for improvement, and provides a prescriptive action informing the appropriate stakeholder(s), in plain language, how to act on each opportunity. The vision of Profitect is to reduce […]
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News - August 9, 2019
HBS Dealer: Home Depot increases sales visibility for decreased shrink
The Home Depot is deploying the Zebra Technologies Savanna predictive analytics platform and Profitect sales and exception-based reporting (EBR) module to help lift sales and prevent fraud through the review of its omnichannel sales data. Prescriptive analytics applies artificial intelligence (AI) and machine learning to analyze data in near-real-time to uncover ongoing issues and recommend […]
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News - August 9, 2019
RIS Exclusive: How The Home Depot Is Employing Prescriptive Analytics
Retail’s competitive environment requires businesses, especially large retail chains like The Home Depot, to vigilantly move into the future of every aspect of the enterprise. Asset protection is no exception. Shrink, whether from waste, fraud, abuse, training, execution or other reasons, continues to cost retailers about 1.38% of sales. This rate that has remained steady…[Read […]
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Press Releases - August 8, 2019
Zebra Technologies’ Prescriptive Analytics Suite Helps The Home Depot Battle Shrink
Zebra Technologies’ Prescriptive Analytics Suite Helps The Home Depot Battle Shrink LINCOLNSHIRE, Ill. – August 8, 2019 – Zebra Technologies Corporation (NASDAQ: ZBRA), an innovator at the edge of the enterprise with solutions and partners that enable organizations to gain a performance edge, today announced The Home Depot has selected Savanna® Prescriptive Analytics to help prevent fraud by identifying opportunities […]
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News - August 8, 2019
Chain Store Age: Home Depot increases sales visibility for decreased shrink
Home improvement titan seeks to identify fraud in real time. The Home Depot is deploying the Zebra Technologies Savanna prescriptive analytics platform and Profitect sales and exception-based reporting (EBR) module to help lift sales and prevent fraud by reviewing its omnichannel sales data. Prescriptive analytics applies artificial intelligence (AI) and machine learning to analyze data […]
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News - August 8, 2019
Loss Prevention Magazine: Home Depot Uses Zebra Technologies’ Prescriptive Analytics Suite to Battle Shrink
The Home Depot has selected Savanna Prescriptive Analytics to help prevent fraud by identifying opportunities within the retailer’s sales data, online or in-store. The solution includes the Sales and Exception-Based Reporting (EBR) module from Profitect, which is now part of Zebra Technologies. After extensively analyzing analytics vendors in the market, The Home Depot was looking for […]
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News - August 6, 2019
Loss Prevention Magazine: Analytics Is Not Just a Numbers Game in Investigations
The extent to which retail investigations have been transformed by analytics is a good reflection of just how quickly things move in a technology age. We’re not so many years removed from when we were introduced to the idea, and now it’s hard to think of managing loss prevention without it. “I really can’t imagine […]
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News - July 15, 2019
The New York Times: Amazon Prime Day Brings Sales, and Risks, for Retailers
Amazon had already revolutionized the way people read books, watch TV and shop online. And now it has succeeded in transforming the retail calendar. Monday is the start of Amazon’s annual Prime Day sale, when subscribers to the company’s Prime service get major discounts on everything from flat-screen TVs to Ben & Jerry’s ice cream. Now […]
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News - June 20, 2019
Forbes: Closing The Gaps: Three Considerations For A Successful Omnichannel Strategy
For retailers to successfully win over the modern retail customer, an integral omnichannel strategy is key. In my experience, I have found that the retailers with the most successful omnichannel strategies enjoy better customer retention, bigger baskets, higher profits and margins, and less waste. However, it should not be forgotten that omnichannel retail is…[Read More]
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News - June 12, 2019
Money Inc.: Why CPFR Needs Prescriptive Analytics
Today’s consumers, expecting unlimited choice in shopping, purchasing, and consumption, have sparked a competitive explosion in product variation, points of sale, delivery options, integrated sales, and delivery policies. Meanwhile, global sourcing, regulatory variation, and supply risk have complicated the upstream picture (such as through tariffs, for example), making it harder than ever in some cases to […]
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Press Releases - June 4, 2019
Zebra Technologies Completes Acquisition of Profitect Inc.
Zebra Technologies Completes Acquisition of Profitect Inc. LINCOLNSHIRE, Ill. – June 3, 2019 – Zebra Technologies Corporation (NASDAQ: ZBRA), an innovator at the edge of the enterprise with solutions and partners that enable businesses to gain a performance edge, today announced that it has completed its acquisition of Profitect Inc., a privately-held, leading provider of prescriptive analytics for the retail and […]
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News - May 31, 2019
Supply Chain Brain: Flexibility & Visibility in the Supply Chain
The importance of visibility in the retail supply chain can’t be overstated, says Kelli Woelfel, Vice President of Industry Solutions at Profitect…[View More]
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Press Releases - May 31, 2019
Profitect Recognized by The Technology Headlines Magazine as a Top 10 Fastest Growing Inventory Management Solution Provider 2019
Profitect Recognized by The Technology Headlines Magazine as a Top 10 Fastest Growing Inventory Management Solution Provider 2019 BURLINGTON, Mass. — May 31, 2019– Profitect Inc., the leading prescriptive analytics provider for the retail and CPG industry, today announced the company was recognized as a “Top 10 Fastest Growing Inventory Management Solution Provider 2019” by […]
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News - May 22, 2019
WWD: Zebra Technology Earning More Retail Stripes With Acquisition
Zebra Technologies Corporation announced its intent to acquire Profitect, a software-as-a-service organization that provides retail and consumer packaged goods companies with prescriptive analytics solutions….[Read More]
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Press Releases - May 20, 2019
Zebra Technologies to Acquire Profitect Inc.
Zebra Technologies to Acquire Profitect Inc. Acquisition extends Intelligent Edge Solutions portfolio and advances Enterprise Asset Intelligence vision LINCOLNSHIRE, Ill. & BURLINGTON, Mass.–(BUSINESS WIRE)–May 20, 2019–Zebra Technologies Corporation (NASDAQ: ZBRA), an innovator at the edge of the enterprise with solutions and partners that enable businesses to gain a performance edge, today announced it intends to acquire […]
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News - May 20, 2019
Loss Prevention Magazine: Zebra Technologies to Acquire Prescriptive Analytics Provider Profitect
Zebra Technologies announced it intends to acquire Profitect, a leading provider of prescriptive analytics for the retail and consumer packaged goods (CPG) industries. Zebra is an innovator at the edge of the enterprise with solutions and partners that enable businesses to gain a…[Read More]
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News - May 20, 2019
RIS: Brookshire Brothers Improves Sales and Reduces Shrink with Prescriptive Analytics
Brookshire Brothers is leveraging next-gen prescriptive analytics to crack tough-to-solve cases involving markdown abuse, post voids, and other criminal activity by associates and external subjects, including ORC rings. The Profitect Inc solution empowers the retailer to…[Read More]
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Press Releases - May 15, 2019
Profitect Announces 182% Year-Over-Year Revenue Growth
Profitect Announces 182% Year-Over-Year Revenue Growth Retail & CPG Momentum of Profitect’s Prescriptive Analytics Solution Sees Company Retail Location Deployments at 53,000+ Supporting More than 40,000 Concurrent Users BURLINGTON, MA – May 15, 2019 – Profitect Inc., the leading prescriptive analytics provider for the retail and CPG industry, today announced the company experienced 182 percent […]
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News - May 2, 2019
Chain Store Age: Regional grocer gets jump on fraud
Texas-based grocery retailer Brookshire Brothers is using advanced analytics to stay ahead of fraud schemes. Brookshire Brothers, which operates more than 100 stores in Texas and Louisiana, leverages the Profitect sales…[Read More]
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News - May 1, 2019
Loss Prevention Magazine: Partnering With Retailers
Five executives discuss what makes vendors successful solutions providers…[View More]
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News - May 1, 2019
Diginomica: Why prescriptive analytics matters – the view from Profitect customers
Prescriptive analytics has my attention. Most users don’t have time to assess data – they need exception alerts and next best actions. Here’s what I’ve learned talking to Profitect customers. Now and then, a terrific story falls through the cracks. But sometimes the topic is worth fighting for….[Read More]
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Press Releases - May 1, 2019
Brookshire Brothers Leverages Profitect’s Prescriptive Analytics to Optimize Efficiency, Improve Sales, and Reduce Shrink
Brookshire Brothers Leverages Profitect’s Prescriptive Analytics to Optimize Efficiency, Improve Sales, and Reduce Shrink Leading Retailer to Present on Business Benefits Grocer Has Achieved with Profitect at Retail Industry Leaders’ Association (RILA)’s Asset Protection Conference BURLINGTON, MA – May 1, 2019 – Profitect Inc., the leading prescriptive analytics provider for the retail and CPG industry, […]
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News - April 26, 2019
RetailWeek: Two easy ways to make product returns profitable
Traditionally an area of loss for retailers, product returns can instead become an opportunity to increase revenue and customer satisfaction. A recent study by GlobalData predicted the cost of online returns for UK retailers will hit £5.6bn by 2023….[Read More]
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Press Releases - April 25, 2019
The Loss Prevention Foundation (LPF) Announces Profitect is Now a Doctorate Level Partner with Organization
The Loss Prevention Foundation (LPF) Announces Profitect is Now a Doctorate Level Partner with Organization Profitect & LPF Working Together to Drive Future Loss Prevention Professional’s Growth Matthews, NC, April 25, 2019 – The Loss Prevention Foundation (LPF) announces that Profitect Inc., the leading prescriptive analytics provider for the retail and CPG industry, is for […]
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Press Releases - April 24, 2019
Profitect Is Named a Top 10 Artificial Intelligence Solution Provider for 2019 by Retail CIO Outlook Magazine
Profitect Is Named a Top 10 Artificial Intelligence Solution Provider for 2019 by Retail CIO Outlook Magazine Burlington, MA – April 24, 2019 – Profitect Inc., the leading prescriptive analytics provider for the retail and CPG industry, today announced the company is named a “Top 10 Artificial Intelligence (AI) Solution Provider – 2019” by Retail […]
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News - April 4, 2019
Forbes: Opening A Tech Company In 2019? Consider These Four Hiring Factors
You’re almost there — you came up with an innovative new idea, secured funding to see it through and are on your way to developing a new technology company. So what’s next? You need to hire the right talent to make your vision a reality. For entrepreneurs starting new businesses from scratch, it can be […]
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News - March 19, 2019
Chain Store Age: Four Strategies Retailers Can Use to Weather Higher Shipping Costs
Recently, FedEx and UPS announced new rate hikes for 2019. These increases in shipping costs, averaging 4.9%, have sparked some anxiety among retailers. They’re another burden on already-thin retail profits, and now threaten one of the most important perks in modern retail: free shipping. (See FedEx’s full rate guide here; UPS’ here.) In my conversations with some […]
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Press Releases - March 11, 2019
Profitect to Present at University of Indianapolis Loss Prevention Seminar
Profitect to Present at University of Indianapolis Loss Prevention Seminar CEO Guy Yehiav to Discuss How to Leverage Prescriptive Analytics to Reduce Shrink, Increase Sales, and Drive Faster Case Resolutions BURLINGTON, MA – March 11, 2019 – Profitect Inc., the leading prescriptive analytics provider for the retail and CPG industries, today announced that in […]
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News - February 26, 2019
Retail Customer Experience: Is your gift card program ready for Gen Z?
Although many of those in today’s youngest generation are still in their teens, Gen Z is already being defined and most well-known for being the first true digital natives. Raised by Gen X parents who came of age in the big-hair, MTV era of the 80s, Gen Z is growing up to be optimistic yet […]
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Press Releases - February 26, 2019
62 Percent of U.K. Generation Z Shoppers Choose In Store Retail Experiences
62 Percent of U.K. Generation Z Shoppers Choose In Store Retail Experiences Survey of More Than 1,000 U.K. Gen Zers Reveals Shopping Preferences and Workplace Behaviours BURLINGTON, MA– February 26, 2019 –Profitect Inc., the leading prescriptive analytics provider for the retail and CPG industry, today announced the results of a survey in partnership with Retail […]
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News - February 19, 2019
Forbes: Paving The Way For Gen Z In Tech
Gen Z — also known as those born after the mid-1990s — is quickly overtaking Millennials as the newest emerging consumer group and hires in the enterprise. In fact, Bloomberg indicates that Gen Z will make up 32% of the global population within this year. Despite this significance, relatively little research has been done by enterprises on […]
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Press Releases - February 19, 2019
Profitect Strengthens Collaboration with Zebra Technologies, Co-Exhibits at EuroCIS
Profitect Strengthens Collaboration with Zebra Technologies, Co-Exhibits at EuroCIS Leading European Event Marks Fourth Time Two Companies Working Together to Drive Brand Awareness at Industry Conferences BURLINGTON, MA – February 19, 2019 – Profitect Inc., the leading prescriptive analytics provider for the retail and CPG industries, today announced the company is strengthening the collaboration with […]
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Press Releases - February 14, 2019
RILA Recognizes Profitect as Leader in Data Analytics, Industry Innovation
RILA Recognizes Profitect as Leader in Data Analytics, Industry Innovation Ongoing Partnership Fosters Collaboration With Retail Community Arlington, VA – 2/14/2019 – The Retail Industry Leaders Association (RILA) today recognizes Profitect, a leader in prescriptive analytics software, as a valuable strategic partner to the Association and the industry. As a solution provider to the retail […]
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Press Releases - February 12, 2019
Profitect to Present at Ohio Grocers Association 2019 Loss Prevention Summit
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 […]
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News - February 8, 2019
Retail Customer Experience: Canadian grocer partners with Profitect to enhance reporting, boost customer satisfaction
Canadian grocery retailer Sobeys is partnering with prescriptive analytics provider Profitect to boost customer satisfaction and reduce shrink. Sobeys will replace its legacy exception-based reporting technology with Profitect’s sales and EBR solution to analyze sales data as well as detect fraud, reduce shrink and gain greater labor efficiencies. It also hopes to enhance training opportunities as […]
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News - February 7, 2019
Total Retail: Getting the Most Out of Your Gen Z Workforce
As many retailers are already aware, Generation Z (Gen Z) is not only a population with purchasing power as consumers, but also quickly emerging as tech-savvy employees. Gen Z habits are accelerating the future of retail, including in-store work processes. According to a recent survey of more than 1,000 Gen Zers nationwide between the ages of 18 […]
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News - February 6, 2019
RIS News: Sobeys to Improve Customer Satisfaction and Reduce Shrink
Canadian grocer Sobeys is replacing their legacy Exception Based Reporting (EBR) solution with Profitect’s Sales & EBR module. The retailer will use Profitect’s pattern detection and machine learning technology to analyze their sales data and create actionable opportunities that deliver value to their business. Areas of focus include fraud, shrink, process failures, training opportunities, loyalty […]
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News - February 6, 2019
Grocery Business: Sobeys partners with Profitect on prescriptive analytics
Sobeys has partnered with Profitect to reduce shrink and improve customer satisfaction. Profitect provides prescriptive analytics to the retail and CPG industries. Using pattern detection and machine learning, Profitect analyzes sales data and identifies ways to improve performance when it comes to fraud, shrink, process failures, training, loyalty behaviour and…[Read More]
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Press Releases - February 6, 2019
Sobeys Inc. Partners with Profitect
Sobeys Inc. Partners With Profitect Sobeys to Leverage Profitect’s Prescriptive Analytics to Improve Customer Satisfaction and Reduce Shrink BURLINGTON, MA – February 6, 2019 – Profitect Inc., the leading prescriptive analytics provider for the retail and CPG industries, announced today the company has signed a partnership agreement with Sobeys Inc., a leading Canadian grocery retailer […]
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News - February 1, 2019
Loss Prevention Magazine: Using Analytics to Maximize On-Shelf Availability and Supply Chain Processes
Data analytics has been one of the major technology applications driving the evolution of retailing. While many of the analytics platforms are focused on in-store operations, the same techniques can help retailers fine-tune their logistics and supply chain operations to maximize merchandise, on-shelf availability, and support omni-channel retailing. LPM: In layman’s terms, what is predictive […]
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News - February 1, 2019
Women’s Wear Daily: How Retail Reacts as Shipping and Snail Mail Gets Pricier
The words “free shipping” usually catch the gaze of the deal-hungry shopper, but for retailers and direct-to-consumer brands, it means pressure to the bottom line. Recently, two other words — price increase — are being seen in announcements by the United States Postal Service, FedEx, UPS and other carriers. These are variable costs that, while […]
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News - January 30, 2019
Convenience Store Decisions: NRF BIG Show 2019 Highlights
The NRF, “Retails BIG Show,” is known for showcasing the technologies that power the retail industry. The show floor, which basically covers an entire Manhattan city block, encompasses 700+ exhibitors. Those exhibitors include everyone from Microsoft, Oracle and IBM and established tech giants with multi-level displays to kitchen-table-sized booths housing brand-new, first-time exhibiting startups…[Read More]
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Press Releases - January 29, 2019
Profitect Recognized by CIOReview Magazine Among 20 Most Promising Retail Solution Providers for 2019
Profitect Recognized by CIOReview Magazine Among 20 Most Promising Retail Solution Providers for 2019 Annual Ranking Acknowledges Leading Retail Technology Providers Delivering Innovation BURLINGTON, MA – January 29, 2019 – Profitect Inc., the leading prescriptive analytics provider for the retail and CPG industry, was recognized by CIOReview as one of the “20 Most Promising Retail Solution […]
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News - January 23, 2019
RIS News: NRF Show Coverage From EnsembleIQ in 2019
NRF’s annual Big Show can be overwhelming, so every year readers check in with RIS to see catch up on all the retail news, trends and sessions they might have missed. The following is a list of our…[Read More]
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News - January 22, 2019
Loss Prevention Magazine: The World’s Largest Retail Conference Focused on Technology and Customer Experience
“I would love to say that retail is back, but that would be wrong,” said BJ’s Wholesale Club President and CEO Chris Baldwin with a pause. “Retail never went away,” he declared in opening remarks from the conference main stage. “As I stand here today, I can say that our industry is more healthy, vibrant, […]
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News - January 21, 2019
RIS News: Guy Yehiav Discusses Standing Out as a Retailer
To watch the video of Profitect CEO, Guy Yehiav, discussing standing out as a retailer, click here.
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News - January 17, 2019
CIO Review: Profitect: Bridging the Gap with Prescriptive Analytics and “Smart Tasks”
Many retailers find their existing analytics and reporting systems ineffective. To be successful, they need optimum visibility to anomalies in product behaviors, inventory movements, transactions, and more. Many “traditional” analytics systems, which usually create reports for interpretation, are focused on the report and visualization, rather than the corrective action and workflow. Profitect, an award-winning software […]
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News - January 17, 2019
Money Inc: Retail Supply Chain: Its Evolution and Where We’re Headed
As customer demands have shifted due to the popularity of mobile commerce and omnichannel retailing, retail brands’ supply chain operations have had to evolve to match. Retailers are acutely aware of the role data plays in business success, and supply chain operations are grappling with making the most of the data collected. This article will […]
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Press Releases - January 10, 2019
Profitect to Present on Two Speaking Panel Sessions at NRF 2019 – Retail’s BIG Show & Expo
Profitect to Present on Two Speaking Panel Sessions at NRF 2019 – Retail’s BIG Show & Expo BURLINGTON, MA – January 10, 2019 – Profitect Inc., the leading prescriptive analytics provider for the retail and CPG industry, today announced the company will be participating in two speaking panel sessions at the 2019 NRF Big Show. […]
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News - January 8, 2019
RetailWeek: Gen Z: Inside the Minds of Retail’s Chief Disruptor
Born in 1996 or later, Gen Z are identified as the most tech-savvy consumer group, but the majority (63%) still enjoy the physical shopping experience. This is one of the key findings from a major new Retail Week report, Generation Z: The shopping and work habits of retail’s chief disruptors, produced in association with Profitect, […]
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Press Releases - January 8, 2019
Profitect Voted a Top Software Vendor by Retailers Across 15 Categories in 2019 RIS Software Leaderboard
Profitect Voted a Top Software Vendor by Retailers Across 15 Categories in 2019 RIS Software Leaderboard Profitect Secures Top Rankings in ROI, Customer Satisfaction, Technology Innovation and Overall Performance in Renowned “Best of the Best in Retail Tech” Report BURLINGTON, Mass., January 8, 2019 — Profitect Inc., the leading prescriptive analytics provider for retail and […]
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News - January 7, 2019
The Hayes Report
Winter 2018-19 Can you believe it? 2018 is already in the past and 2019 promises to bring the Loss Prevention/Asset Protection and Safety industries even more challenges in the year ahead. Presidents and CEOs will be counting on their Loss Prevention/Asset Protection and Safety teams to help increase their company’s bottom-line profits through shrinkage/loss reduction. […]
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News - January 2, 2019
RIS News: Top Women in Retail Tech 2019
Retail is in an era of rebirth. Traditional retailers have been forced to adopt an innovate or die approach to keep pace with new market entrants that have redefined what retail is and should be. Amid this upheaval, new industry leaders are emerging who are charting a new course for career success. RIS’ third annual […]
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News - December 5, 2018
2019 RIS Software Leaderboard
The annual must-read report ranking the best of the best in retail technology. Download this report to see which retail software providers ranked in more than 50 head-to-head charts. Find out which vendors score the highest customer satisfaction ratings among those who count most — retailers who use the software…[Read More]
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News - December 4, 2018
RIS News: Understanding Gen Z Habits to Help Boost Sales
Every year retailers spend hours planning campaigns to effectively market holiday sales to different consumer age groups. However, this year retailers are spending a little extra time focusing on Generation Z shoppers. Generation Z (Gen Z), the newest emerging consumer group born after the mid-1990s through the early 2000s, is set to reach 2.6 billion […]
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News - December 4, 2018
Chain Store Age: Commentary: A Closer Look at Gen Z
Generation Z (Gen Z) is the newest emerging consumer group, born after the mid-1990s through the early 2000s, these consumers are quickly reaching the age of substantive disposable income. According to a Bloomberg analysis of United Nations data, Gen Z will comprise 32% of the global population of 7.7 billion by 2019. This means […]
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News - November 29, 2018
Retail Customer Experience: Gen Z retail associates will impact industry, claims report
Gen Z retail store associates will drive adoption of digital solutions within the retail enterprise, given the increasing numbers working in the industry. Nearly 50 percent of today’s Gen Zers are working in retail, according to a Profitect survey, and 65 percent believe antiquated processes in task management and …[Read More]
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News - November 28, 2018
Money Inc: Debunking Misconceptions of Prescriptive Analytics
Many organizations realize they want a better understanding of their data and have identified the need to implement advanced analytic approaches. They have built beautiful dashboard visualizations and hired large teams of data scientists (many with Ph. D.’s and commanding high salaries) to gain the insight they lack. However, what is often forgotten are the […]
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News - November 21, 2018
Forbes: Pragmatic AI For Retail: An Introduction
Across many industries, innovators are looking at machine learning as a solution for bringing their organization to the next level of productivity. Retail is no different. Many organizations have already adopted machine learning and artificial intelligence solutions and are reaping the rewards. In my experience working with retail companies, those that have implemented AI solutions have […]
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News - October 23, 2018
Retail Touchpoints: How Retailers Can Make The Most Of “America’s Hottest Job”
Bloomberg recently declared the data scientist to be “America’s Hottest Job,” citing a national trend of employing those with a master’s degree in applied statistics or similar training by leading companies such as Airbnb and Uber. This hiring trend is driven by company leaders who realize the importance of capturing, understanding and learning from the […]
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News - October 17, 2018
Retail Leader: Gen Z to redesign holiday expectations
October 17, 2018 Retailers are trying to get a headstart with their holiday hiring strategy, but not all the available positions will likely be filled. However, according to a new survey done by Profitect, Gen Zers, aged 18-22, are already taking the retail industry processes by storm as both consumers and employees. The exclusive survey […]
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Press Releases - October 17, 2018
New Nationwide Consumer Survey Finds Gen Zers Will Redesign Expectations in Today’s Retail Workforce
New Nationwide Consumer Survey Finds Gen Zers Will Redesign Expectations in Today’s Retail Workforce Almost 50% of Gen Zers Already Working in Retail and Two-Thirds of this Digitally-Savvy Generation Crave New Solutions for Task Management and Reporting BURLINGTON, MA – October 17, 2018 – Profitect Inc., the leading prescriptive analytics provider for the retail and […]
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News - October 5, 2018
Cultivating Your Tech Team’s Morale: 10 Ways To Motivate And Inspire Happiness
October 5, 2018 Motivating, engaging and improving team happiness are all goals of any good team manager. Low team morale can kill inspiration and creativity, as well as lead to poor performance. Meanwhile, higher morale and overall team happiness can lead to highly beneficial results. For example, a recent economics study at the University of […]
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Press Releases - October 3, 2018
Profitect’s Annual User Conference, PACT 2018 Commences in Hilton Head, South Carolina
Profitect’s Annual User Conference, PACT 2018 Commences in Hilton Head, South Carolina Prescriptive Analytics Collaborative Training (PACT) Conference Brings Senior Retail Executives Together BURLINGTON, MA – October 3, 2018 — Profitect Inc., the leading prescriptive analytics provider for the retail and CPG industries, today announced the launch of it’s annual user conference, Profitect PACT (Prescriptive […]
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News - September 19, 2018
Drug Store News: Study: Younger Shoppers Prefer Brick-and-Mortar Stores
September 19, 2018 The majority of Gen Z shoppers prefer to do their shopping in brick-and-mortar stores — especially when the locations are convenient. According to a survey of Gen Z shoppers (aged 18 to 22) by prescriptive analytics provider Profitect, 42% of respondents prefer to shop in-stores versus online. A further 34% prefer to […]
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News - September 19, 2018
Chain Store Age: Study: Gen Z Shoppers Like Physical Stores
September 19, 2018 The majority of Gen Z shoppers prefer to do their shopping in brick-and-mortar stores— especially when the locations are convenient. Study: Gen Z craves ‘novelty’ and experience According to a survey of Gen Z shoppers (aged 18 to 22) by prescriptive analytics provider Profitect, 42% of respondents prefer to shop in-stores vs […]
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News - September 18, 2018
Retail Leader: Here’s What Retailers Should Know About Gen Z
September 18, 2018 Generation Z is here to show that brick-and-mortar may indeed have a future, while also emphasizing the importance of retailers’ omnichannel execution. A recent study released by Profitect reveals that 76 percent of Generation Z (Gen Z) shoppers picked in-store as their top shopping destination. The survey of more than 1,000 U.S. […]
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News - September 18, 2018
NY Daily News: Gen Z Won’t Kill Brick-and-Mortar, New Surveys Say
September 18, 2018 If millennials are killing brick-and-mortar stores, then their successors might save it, according to new surveys that say some young shoppers actually like to shop in person. A survey from analytics firm Profitect Inc. said about 42 percent of shoppers age 18-22 (the post-millennial age group) prefer to shop in-store versus online. […]
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News - September 18, 2018
HomeWorld Business: Survey: Generation Z Consumers Enjoy In-Store Advantages
September 18, 2018 Profitect, a prescriptive analytics provider for the retail and consumer packaged goods industry, reported that, in a survey of Generation Z shoppers ages 18 to 22, 42% of respondents prefer to shop in-store versus online. A further 34% indicated that they prefer to shop in-store and online equally, while only 23% said […]
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News - September 18, 2018
RetailDive: Seventy-Six Percent of Gen Z Shoppers Pick Stores as Shopping Destination
September 18, 2018 New Survey Explores Shopping Preferences of U.S. Consumers, Ages 18-22 BURLINGTON, MA – September 18, 2018 – Profitect Inc., the leading prescriptive analytics provider for the retail and CPG industry, today announced the results of a new survey of more than 1,000 U.S. Generation Z (Gen Z) shoppers aged 18-22. The results […]
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Press Releases - September 18, 2018
Seventy-Six Percent of Gen Z Shoppers Pick Stores as Shopping Destination
Seventy-Six Percent of Gen Z Shoppers Pick Stores as Shopping Destination New Survey Explores Shopping Preferences of U.S. Consumers, Ages 18-22 BURLINGTON, MA – September 18, 2018 – Profitect Inc., the leading prescriptive analytics provider for the retail and CPG industry, today announced the results of a new survey of more than 1,000 U.S. Generation […]
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News - September 18, 2018
Orlando Sentinel: Gen Z Won’t Kill Brick-and-Mortar, New Surveys Say
September 18, 2018 If millennials are killing brick-and-mortar stores, then their successors might save it, according to new surveys that say some young shoppers actually like to shop in person. A survey from analytics firm Profitect Inc. said about 42 percent of shoppers age 18-22 (the post-millennial age group) prefer to shop in-store versus online. […]
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Press Releases - September 13, 2018
Profitect to Present at The 12th Annual New England Loss Prevention Expo
Profitect to Present at The 12th Annual New England Loss Prevention Expo Kelli Woelfel, VP of Industry Solutions to Discuss Prescriptive Analytics Benefits at Leading Asset Protection Conference September 13, 2018 — (Burlington, MA) Profitect Inc., the leading prescriptive analytics provider for the retail and CPG industry, today announced that Kelli Woelfel, VP of Industry Solutions will present […]
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News - August 31, 2018
Understanding Keys to AI Vendor Selection, Deployment
August 31, 2018 The world of artificial intelligence is frightening. No, not the danger of an army of AI-powered robots taking over the world (though that is a bit concerning). The real fear is that the wrong vendor is chosen or the rollout handled poorly. After all, AI is complex, not fully mature, in some cases […]
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Press Releases - August 29, 2018
The Loss Prevention Foundation (LPF) Announces Profitect as Newest Bachelor Level Partner
The Loss Prevention Foundation (LPF) Announces Profitect as Newest Bachelor Level Partner Profitect, the Leader in Prescriptive Analytics, Supports the LPF by Advancing Sponsorship Matthews, NC, August 29, 2018 – The Loss Prevention Foundation (LPF) today announced that Profitect Inc., the leading prescriptive analytics provider for the retail and CPG industry, is its newest Bachelor […]
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News - August 10, 2018
Profitect CEO: Build Tech With Speed And Simplicity In Mind
August 10, 2018 Throughout his career, Guy Yehiav, CEO of Profitect, a prescriptive analytics software company based in Burlington, Mass., has learned two vital strategies when implementing large-scale tech projects. One—move fast. “When you implement something for six to nine months, a lot of things happen. People move their career onwards and upwards, and they […]
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News - August 7, 2018
Prescriptive Analytics Ushers in a New Era of Supply Chain Optimization
August 7, 2018: Supply chain digitization has escalated quickly as enterprises seek a better way to manage the huge volumes of data now associated with procurement, production and distribution. Supply chain executives have always tried to maximize their profitable operations, first locally within the manufacturing plant to minimize batch cost, and later linking it to […]
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Amazon News - July 18, 2018
Amazon’s Prime Day Rolls On Despite Technology Let Down
July 18, 2018: Now in its fourth year, the big news out of Amazon’s annual Prime Day event has taken a drastic shift. Traditionally, the days following the massive flash sale is filled with reports highlighting Amazon’s latest record-breaking sales numbers, but this year the back-patting narratives have taken a negative spin. The seemingly bulletproof […]
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News - July 16, 2018
Helping Retailers Stay Ahead By Gauging Sentiment
July 16, 2018: Online brand and product reviews today are an important part of the retailer-shopper relationship. As more consumers take to the Internet and social media to share their retail experiences and feedback, retailers must be keenly aware of how reviews impact brand reputation, risk and even their bottom line. Given this impact, reviews […]
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News - July 2, 2018
Loss Prevention Magazine: Using Analytics to Maximize On-Shelf Availability and Supply-Chain Processes
June 2018: Using Analytics to Maximize On-Shelf Availability and Supply-Chain Processes
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News - June 18, 2018
Supply Chain World: Looking Inside
June 18, 2018: It can’t be denied – supply chain digitization has escalated quickly over the last 30 years as enterprises needed a better way to manage the amount of data coming through their doors. With the increased availability of analytical solutions and the adoption of machine learning capabilities, looking inside consumer packaged goods and […]
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NRF Protect 2018 Press Releases - June 11, 2018
Profitect and Leading Beauty Retailer Present at NRF Protect 2018 Conference in Dallas
Profitect and Leading Beauty Retailer Present at NRF Protect 2018 Conference in Dallas Session to Focus on Combined Efforts of Finance & Loss Prevention for Success in Today’s Retail Market BURLINGTON, MA – June 11, 2018 – Profitect Inc., the leading prescriptive analytics provider for the retail and CPG industry, today announced the company will […]
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Press Releases - June 6, 2018
Profitect Presents Prescriptive Analytics Successes at Rethinking Commerce Summit
Profitect Presents Prescriptive Analytics Successes at Rethinking Commerce Summit BURLINGTON, MA – June 6, 2018 – Profitect Inc., the leading prescriptive analytics provider for the retail and CPG industry, today announced the company will be presenting at the Rethinking Commerce Summit 2018 in Tel Aviv, Israel. Profitect Managing Director of EMEA Yonatan Olsha will keynote […]
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News - June 6, 2018
Retail TouchPoints: 3 AI Success Stories: Tips From Overstock.com, Finish Line And H&M
June 6, 2018: An expanding group of retailers are implementing AI solutions to solve specific operational problems, from merchandising and marketing to promotions and pricing. AI’s growth reflects this — the technology’s market within retail is projected to reach $27.2 billion by 2025. Retailers are tapping AI to drive sales and anticipate demand (50%); understand consumer […]
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News WWD - June 4, 2018
WWD: Buried in Data? Prescriptive Analytics Helps Fashion Retailers Sift Through the Numbers
June 4, 2018: In today’s consumer-centric retail and fashionmarket, data is king. And retailers and brands generate a lot of it. From sku-level product information to point of sale data, the numbers can help inform pricing and merchandising strategies. But sorting through mountains of data and daily reports can strain retailers and brands, and pull them from doing […]
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News - June 4, 2018
Venture Fizz: Summer Reading – Boston Tech Shares What They Are Reading (Part 1: Business/Entrepreneur Books)
June 4, 2018: Summer Reading – Boston Tech Shares What They Are Reading (Part 1: Business/Entrepreneur Books)
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Profitect is now part of @ZebraTechnology! This account is now closed. Make sure to follow Zebra to stay up-to-date on our products and solutions.
Profitect is now part of @ZebraTechnology! This account is now closed. Make sure to follow Zebra to stay up-to-date on our products and solutions.