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Profitect Recognized by The Technology Headlines Magazine as a Top 10 Fastest Growing Inventory Management Solution Provider 2019
[May 31, 2019]

Profitect Recognized by The Technology Headlines Magazine as a Top 10 Fastest Growing Inventory Management Solution Provider 2019


BURLINGTON, Mass., May 31, 2019 (GLOBE NEWSWIRE) -- Profitect Inc., the leading prescriptive analytics provider for the retail and CPG industry, today announced the company was recognized as a “Top 10 Fastest Growing Inventory Management Solution Provider 2019” by The Technology Headlines magazine. The Technology Headlines is a knowledge platform for industry leaders and professionals to share their experiences, ideas, and advice within the enterprise IT community. The magazine’s readership base consists of CIOs, CXOs, and CMOs of some of the fastest growing companies.

“While the issue reviews the key players in Inventory Management, it also sheds light on how these companies have created a loyal customer-base, sound marketing strategies, and innovative products and services over the years,” said Carlos Chavez, editor in chief, The Technology Headlines. “Among the listed companies, we are delighted to honor Profitect as the key player in Inventory Management. Profitect has been on our radar for quite a long time, and this year it became clear that enterprises of all sizes alike trust the company for its incredible innovations and services in the industry.”



“This has been a remarkable year of awards recognition for our prescriptive analytics solution,” said Guy Yehiav, CEO, Profitect. “We are humbled to be recognized by The Technology Headlines for our inventory management capabilities. As inventories become increasingly varied and complex, retail and CPG companies find themselves in need of an innovative, yet easy-to-use solution that can empower employees at the edge to deliver stellar results. We are proud that our prescriptive analytics solution is the preferred choice of the world’s most innovative brands.”

To read the full profile on Profitect’s recognition, click here. For more on Profitect’s award-winning prescriptive analytics solution, visit here.


ABOUT PROFITECT
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 percent increase in sales, better consumer experience, 10-15 percent 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.

MEDIA CONTACT
Erin Knapp, Matter for Profitect
Profitect@matternow.com

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