Profitect Sponsors the 2012 Retail Executive Summit Hosted by RIS

WALTHAM, Mass., June 5, 2012 /PRNewswire/ -- Profitect, a profit-amplification solution provider for retailers, will be acting as a "gold" sponsor at this year's Retail Executive Summit, hosted by RIS from June 13-15 in Del Mar, CA. Profitect will network with the retail executives at the 11th annual invitation-only event, where the interactive workshops will revolve around the theme "Creating Value through Performance-Driven Retailing."

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Senior-level executives from approximately 100 of the biggest retailers will be in attendance at this three day event, where the agenda includes keynote sessions, workshops, and countless networking opportunities for sharing ideas and experiences from the retail industry.

On Wednesday June 13th, Profitect will be co-sponsoring an event with Epicor honoring the newly crowned CIO of the year following the awards dinner.

Profitect will also be leading a discussion on "Rapid Margin Expansion without Price Optimization" on Thursday the 14th. The discussion will focus on utilizing profit amplification to increase margins as opposed to price optimization.

Profitect will also be releasing the white paper "Moneyball" Comes to Retail in the June 2012 issue of RIS News magazine, featuring a comparison between profit amplification and the methods utilized by Oakland A's former manager Billy Beane in Michael Lewis' Moneyball: The Art of Winning an Unfair Game. Moneyball highlights the fact that traditional, subjective methods made little sense in a game dominated by statistics, and that using analytics to determine the ideal combination of players may in fact "change the game". In the white paper, RIS Executive Editor Adam Blair discusses how profit amplification can be applied directly to the retail environment, creating value through performance-driven retailing. 

About Profitect

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.

SOURCE Profitect