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Profitect Launches Cloud-Based QuickInsight Profit Amplification

To reduce costs across the entire supply chain and realize increased revenues, retailers must identify root causes in non-standard anomalies such as inventory distortion, on-shelf availability and shrink/waste/damage, and quickly determine and address the controllable factors. Pattern-seeking algorithms help reveal this information, reduce profit leakage, and improve business processes.

Profitect, provider of the pattern-seeking Profit Amplification software suite, has introduced QuickInsight, a cloud-based version of the algorithmic technology designed to provide quick access to solution benefits for a limited time period. It enables retailers to experience the process of identifying and resolving opportunities for profit improvement, with live deployment realized in approximately two weeks.

The IT-independent QuickInsight product analyzes and interprets data collected from the supply chain to expose untapped growth and profit opportunities. It combines retailers’ existing data and Profitect pattern-recognition software in a secure cloud environment to reveal a cross-functional view of where, when and how profit and revenue leakage occurs. The solution also provides quick access to simple, actionable tasks that maximize efficiency and sales, and utilizes best practices to reduce risk areas throughout the retail value chain.

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“We launched QuickInsight so that retailers could quickly realize the value of our pattern recognition technology, and better understand where profit opportunities exist in their organizations,” said Guy Yehiav, CEO, Profitect. “Whether in their upstream retail supply chain or downstream in the field, retailers want to do more with less and IT groups are overworked.”

The QuickInsight non-resource intensive offering provides a live, cloud-based environment for a single snapshot of existing data available for fixed use during a six-­week period.

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