WALTHAM, Mass., June 13, 2012 /PRNewswire/ -- Profitect, a profit-amplification solution provider for retailers, announced today it will highlight its modular Profitect Suite in booth #1603 at the National Retail Federation Loss Prevention (NRFLP) Conference& EXPO in New Orleans, LA from June 20-22. Using pattern seeking algorithms, Profitect's profit-amplification solution enables retail organizations, such as Store Operations, Loss Prevention, Merchants and Financial strategists to discover and actualize untapped growth and profit opportunities across the entire retail value chain – from procurement to POS.
"Retailers are still facing many of the same problems they did last year. Shrink reduction and sustainable margin expansion are still top priorities," said Guy Yehiav, CEO, Profitect. "This trend is evident based on the 200% increase in traffic to our profit amplification blog, pumpuptheprofit.com."
The conference will highlight keynote speeches and breakout sessions offering an insightful view of the factors affecting loss prevention and asset protection in today's retail environment. The conference will also provide attendees an opportunity to learn more about Profitect's customers and profit amplification, and a chance to discover why 8 of the top 10 retailers are returning to NRF LP 2012.
Profitect's profit amplification software enables retailers to quickly discover and actualize untapped growth and profit opportunities across the entire value chain. Margin expansion, through increased revenue and reduced costs, is achieved by identifying opportunities with intelligent, prioritized actions across the entire retail organization, providing scalability, sustainability, and accountability.
Profitect's modular, non-disruptive solution pinpoints value chain margin leakage, inventory distortion, on shelf availability, shrink, waste, damage, process compliance, and operational risks. Innovative pattern seeking technology identifies opportunities and delivers best practice solutions, impacting personnel, system, and process behaviors, enabling excellence in the ordinary.