WALTHAM, MA--(Marketwired - May 29, 2014) - Profitect Inc., the leading pattern seeking analytics provider for the retail industry announced Ahold USA as their newest customer. Ahold USA selected Profitect because of its ability to identify operational shrink opportunities. Profitect is rolled out in Ahold's Giant Landover Division.
Profitect's approach to integrating data quickly with minimal IT resources, while producing actionable opportunities, is expected to enable Ahold USA to improve shrink performance by supplementing legacy reporting approaches, which require large volumes of information to be interpreted, and replacing them with automated resolution processes. The Profitect closed loop system creates accountability by ensuring employees identify and resolve opportunities impacting the business.
"We're excited that Ahold USA has joined our growing customer base. As a world class grocer, with an emphasis on quality, selection and savings, Ahold USA and its retail divisions are committed to providing customers with great food at a great price," said Guy Yehiav, CEO, Profitect. "Leveraging our innovative pattern-seeking, cloud-based analytics solution will enable Ahold USA to not only fulfill this commitment to their customers, but quickly increase revenue and margins with minimal IT involvement, and easily understand where profit opportunities exist within their stores."
The Profitect software solution uses pattern analytics to identify revenue reducing activities, and integrated task management provides timely, detailed, and guided actions to resolve the issue. Improvements to the top and bottom line are continuously measured, ensuring sustainability across the business.
About Ahold USA
Ahold USA supports four regional Divisions -- Stop & Shop New England, Stop & Shop New York Metro, Giant Landover, and Giant Carlisle -- that together operate nearly 775 supermarkets with approximately 120,000 associates in 14 states and the District of Columbia along with Peapod, the nation's leading e-commerce grocery shopping/delivery service.