Morrisons Leading UK Retailer Partners with Profitect

WALTHAM, Mass., July 12, 2011 /PRNewswire/ -- Profitect, a profit-amplification solution provider that enables retailers to quickly discover and actualize otherwise unrealized margin opportunities across the entire value chain, today announced that they have reached agreement with Morrisons on the initial roll-out of the Profitect Delivery and Receiving module at Morrisons.  

(Logo:  http://photos.prnewswire.com/prnh/20110712/NE33204LOGO )

Morrisons, a leading grocery retailer in the UK with an annual turnover in excess of 16bn pounds Sterling, has decided to use Profitect's profit-amplification algorithms to quickly identify measurable opportunities within its organization—returning intelligent, prioritized actions for increasing profit.

Morrisons will begin by using Profitect to amplify profits within the delivery and receiving processes of its newspapers and magazines category, with a view to possible future expansion to other parts of its business.  The project has a goal of returning significant amounts to the bottom line within 6 months of go-live.

"Morrisons sees Profitect as a strong partner for amplifying our profit opportunities. We are leveraging the Profitect Suite software solution for a rapid, dynamic and comprehensive approach to amplifying profit opportunities identified in our Newspapers and Magazines division," said Peter Haste, Senior Finance Manager, of Morrisons. "If successful in Newspapers and Magazines, we will look to roll out Profitect's solution to additional categories."

"Forward-thinkers like Morrisons are taking the initiatives to grow margins and enhance profit opportunities. This new relationship testifies to the validation for the need of Profit Amplification across the supply chain," states Guy Yehiav, CEO of Profitect. "With 100% satisfaction in customer installations, Profitect consistently fulfills its commitment to deliver more than a 5% profit increase within six months: I look forward to seeing rapid results with Morrisons as well, driving efficiency and profitability quickly to their bottom line."

About Profitect

Profitect's profit-amplification solution enables you to quickly discover and actualize untapped profit opportunities across the entire retail value chain. Profitect's algorithms quickly identify measurable profit optimization opportunities through the identification of value chain margin leakage, shrink, waste, process errors, and operational risks and damages — returning intelligent, prioritized actions for increasing profit. For more than 15 years, Profitect's expertise has successfully amplified profits for retailers worldwide and delivered immediate ROI supported by modular, quick, non-disruptive deployment of modern, scalable technology and time-tested best practices. With 100% customer success, Profitect consistently fulfills its commitment to deliver more than 5% profit increase within six months. For more information visit www.Profitect.com or call 781-290-0009.

You are missing Profit Opportunities. Amplify Your Profits Today!

SOURCE Profitect