Profitect and King Rogers Group Jointly Speak Out on Profit Protection Strategies

WALTHAM, Mass., Aug. 25 /PRNewswire/ -- Profitect, a profit protection process solution provider that focuses on supply chain leakage, point of sales fraud, waste and operational damages, as well as process errors across the entire enterprise, today announced our allegiance with King Rogers Group, a thought leader in retail loss prevention on educating retailer's on new loss prevention and profit protection strategies.

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Today there are many external and internal factors that are not in favor of a retailer's bottom line. Profit losses occur at hundreds and thousands of points throughout your retail operations and value chain. So what can retailers do today to increase profits?  Retailer's need to look at lost profits in the form of shrink, waste, and margin losses that can be traced back to process failures, poor training, and non-compliance issues as well as fraud and other intentional actions.

As global thought leaders, Profitect and King Rogers Group (KRG) are working together to bring targeted clients a constant flow of innovative ideas and new strategies to help drive revenue growth by educating retailers on new loss prevention and profit protection opportunities.

Guy Yehiav, CEO of Profitect noted, "Loss Prevention (LP) has to take on new dimensions. Typically, LP currently tactically focuses on security and hardware, loss and shrink.  Today, the LP department needs to look at entire processes of operations, logistics, supply chain, merchandise, human resource and finance. Data needs to be turned into knowledge and knowledge needs to be turned into actions. And that's the service we will provide with King Rogers Group."  

Well executed Loss Prevention strategies, which includes expert tools and processes has measurable significant impact on retailers' shareholder value. King Rogers, Co-Founder and Principal with KRG says: "Profitect is an easy to use profit protection tool. Instead of using multiple disparate systems, reports, and spreadsheets, users across the retail value chain and retail operations can benefit from one centralized platform. In 35 years, this is the best solution that I have ever seen; a comprehensive, easy to use tool that delivers great results and provides management with the insight they need to improve their operations. A great retail  management leader used to say, 'Retail is Detail' and 'Inspect What You Expect'. Profitect does exactly that, enabling the retailer to drill down into the details of their business, to identify loss areas, apply best practice solutions and then monitor the taken actions to ensure they are effective and complied with, it is like a consultant in a box."

Yehiav concludes, "The relationship with the King Rogers Group, with their outstanding experience and expertise, will enable us to jointly offer retailers more extensive solutions and services that would positively impact retailer's bottom lines quickly."

About King Rogers Group

KRG Associates have deep experience in leadership and practical roles in retail Loss Prevention. The Co-Founder and Principal, King Rogers, retired from Target Corporation in 2001 where he was VP Assets Protection. Other members of the team also have retail loss prevention and operations backgrounds and have about a hundred years in aggregate experience of reducing losses and improving profits. King served as Chairman for the International Mass Retailers Association (now RILA) and was awarded the IMRA's President Award. He has also received recognition from the Food Marketing Institute, the International Cargo Security Council, the Federal Bureau of Investigation, and the Michigan State University and was among the very first inductees into the National Retail Federation's Loss Prevention Circle of Excellence, their equivalent to the Hall of Fame.

About Profitect

Profitect offers a comprehensive suite of software solutions that targets waste, margin erosion, and shrink for increased retailer's profit through loss prevention, fraud detection and compliance assurance.  The solution shifts your loss prevention process into a profit protection process, turning knowledge into actions by employing both predictive analytics and pattern recognition algorithms to; Pinpoint risk areas and entities; Generate actionable alerts; and Prescribe corrective actions. The Profitect team's expertise acquired more than 15 years of successfully increasing profits for retailers worldwide, delivers high and immediate ROI supported by modular, quick, non-disruptive deployment of modern, scalable technology.

Profitect has been consistently delivering a 5-8% profit increase in less than 12 months at major Supermarket, Convenience Store, Department Store, Specialty and Fashion Chains across Europe, Asia, South Africa and North America.  Clients include H-E-B, Marks and Spencer, Woolworths, Metro, Paz, Blue Square and others.

For more information visit www.Profitect.com or call 888-586-8471.

SOURCE Profitect