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BURLINGTON, Mass., Sept. 13, 2018 (GLOBE NEWSWIRE) -- Profitect Inc., the leading prescriptive analytics provider for the retail and CPG industry, today announced that Kelli Woelfel, VP of Industry Solutions will present a keynote session at 2:30 pm ET today at The New England Loss Prevention Expo event in Worcester, Mass.
Woelfel’s session, titled “Leveraging Prescriptive Analytics to Combat Total Retail Loss,” will focus on the new role of loss prevention/asset protection and how these professionals can leverage pragmatic AI and machine learning to drive efficiency and margins.
The New England Loss Prevention Expo is the region’s premier loss prevention show. More than 250 loss prevention professionals in the retail industry will attend this one-day symposium to learn about new solutions available and listen to industry leaders speak about innovation in the space.
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.