Profitect, Inc
Profitect Inc is a cloud-based software as a service company offering a prescriptive analytics solution to retail and consumer packaged goods (CPG) organizations worldwide.[1] Its customer base includes such global brands as Abercrombie & Fitch, Sobeys[2], and Walgreens, among others.[3]
| File:Profitect logo.png | |
| Private | |
| ISIN | 🆔 |
| Industry | Software, Retail, CPG |
| Founded 📆 | |
| Founder 👔 | |
| Headquarters 🏙️ | 200 Wheeler Road, Burlington, MA , United States |
Area served 🗺️ | Worldwide |
Key people |
|
| Products 📟 | Prescriptive analytics |
| Members | |
Number of employees | |
| 🌐 Website | www |
| 📇 Address | |
| 📞 telephone | |
Product[edit]
Profitect’s prescriptive analytics uses artificial intelligence[4], pattern recognition, and machine learning[5] algorithms to analyze its customers' data, identify areas for improvement, and distribute them to an appropriate stakeholder.[6][7] Each notification includes a simple description of what was found and how the recipient should respond to it. Notifications may also be accompanied by relevant materials to facilitate resolution, such as links to CCTV footage, photos, or standard operating procedures.
Profitect offers its prescriptive analytics solution in the form of seven modules[8], each serving a different retail vertical. As of March 2019, the company's modules are:
- Sales & EBR: analyzes transactional data at the point-of-sale, including sales, returns, refunds, coupon usage, etc.
- Inventory: analyzes product behaviors and movements in and out of the store, including on-shelf availability, markdowns, adjustments, recalls, etc.
- DC Operations: analyzes warehousing and distribution center data, including claims, picks, warehouse adjustments, driver and equipment utilizations, etc.
- Logistics: analyzes data related to the movement of product and cartons throughout the supply chain, including receiving claims, deliveries, DSD receipts, efficiency[9], etc.
- Planning & Buying: analyzes planning, buying, and vendor service data, including inventory locations, shipments to stores, allocator overrides, replenishment and distribution orders, etc.
- Marketing: analyzes customer, sales, and promotional-activity data, including loyalty-program behaviors and efficacy, customer demographics, basket sizes, coupon usage, etc.
- Mobile Field Application: provides access to Profitect from an enabled mobile device
History[edit]
In 2012, Profitect began to offer its prescriptive analytics solution to retail and CPG customers. The solution was awarded the Retail Industry Leaders Association (RILA)’s Retailers’ Choice Award for three consecutive years, in 2016,[10] 2017,[11] and 2018.[12]
In December 2017, Profitect moved its corporate headquarters to Burlington, Massachusetts, in a dedication ceremony presided over by Massachusetts Governor Charlie Baker.[13]
Customers[edit]
Profitect's customer list includes Abercrombie & Fitch, Ahold USA, Ascena Retail Group, Boots UK, DSW, Safeway, Sobeys, Ulta Beauty, and Walgreens, among others.[14]
References[edit]
- ↑ Zaczkiewicz, Arthur; Zaczkiewicz, Arthur (2018-06-04). "Buried in Data? Prescriptive Analytics Helps Fashion Retailers Sift Through the Numbers". WWD. Retrieved 2019-02-22.
- ↑ "Sobeys to Improve Customer Satisfaction and Reduce Shrink". RIS News. Retrieved 2019-03-05.
- ↑ "Profitect Inc.: Private Company Information - Businessweek". www.bloomberg.com. Retrieved 2016-08-25.
- ↑ "Profitect CEO Breaks Down Advanced Analytics and How They May Improve Omni-channel Retailing". LPM. 2018-07-17. Retrieved 2019-03-05.
- ↑ "Helping Retailers Stay Ahead By Gauging Sentiment". The Retail TouchPoints Blog. Retrieved 2019-02-22.
- ↑ "Profitect: Bridging the Gap with Prescriptive Analytics and "Smart Tasks"". retail.cioreview.com. Retrieved 2019-02-22.
- ↑ "Profitect". Crunchbase. Retrieved 2019-02-22.
- ↑ "Profitect: Cloud-based prescriptive analytics to help you understand and act on your data". thesiliconreview.com. Retrieved 2019-02-22.
- ↑ Roshitsh, Kaley; Roshitsh, Kaley (2019-02-01). "How Retail Reacts as Shipping and Snail Mail Gets Pricier". WWD. Retrieved 2019-03-05.
- ↑ "Profitect Takes Top Prize at 2016 Retail AP Innovation Awards". www.rila.org. Retrieved 2019-02-22.
- ↑ "INNOVATION AWARDS". Retail Industry Leaders Association. 2/22/2019. Check date values in:
|date=(help) - ↑ "RILA Awards T+Ink with Top Prize at 2018 (R)Tech Asset Protection Innovation Awards". www.rila.org. Retrieved 2019-02-22.
- ↑ Baker, Charlie (2017-12-15). "Congratulations to @Profitect on your growth and new headquarters in Burlington. Massachusetts is home to a nation-leading #innovation economy because of successful companies like Profitect who continue to hire and grow their operations right here in the Commonwealth.pic.twitter.com/PaxTSEKdoI". @MassGovernor. Retrieved 2019-02-22.
- ↑ "Customers - Profitect". Retrieved 2016-08-25.
This article "Profitect" is from Wikipedia. The list of its authors can be seen in its historical and/or the page Edithistory:Profitect. Articles copied from Draft Namespace on Wikipedia could be seen on the Draft Namespace of Wikipedia and not main one.
