From the Wires
Weis Markets Selects Profitect's Cloud-Based Solution for Chainwide Deployment
Profitect's Profit Amplification pattern-seeking software selected to improve profit opportunities in all departments and at the point of sale for Weis Markets
By: PR Newswire
Jan. 14, 2013 06:30 AM
WALTHAM, Mass., Jan. 14, 2013 /PRNewswire/ -- Profitect today announced that Weis Markets (NYSE: WMK) has selected its cloud-based Profit Amplification solution, a pattern-seeking predictive analytics tool, for deployment throughout the chain. Weis Markets will initially deploy the Point of Sale and Inventory modules of the Profitect suite.
Profitect's cloud offering was selected by Weis Markets "to provide a single, integrated solution which could transform our teams and stores processes," said Scott Frost, Senior Vice President, Chief Financial Officer and Treasurer, Weis Markets. "The ability to quickly impact the top and bottom line and make more informed decisions is a critical component of our strategy to exceed the expectations of our customers."
After a detailed evaluation of competing industry solutions, Weis selected Profitect's innovative Profit Amplification modules. "We needed a predictive analytics solution that could identify traditional asset protection challenges, but more importantly, improve the customer experience by reducing out-of-stocks and improving efficiencies in a proactive manner. Thus, reducing the overall cost to our business while increasing profits across the entire enterprise," said Mike Limauro, Vice President of Asset Protection, Weis Markets.
"We're excited that Weis Markets is joining our growing customer base. As a first-class grocery retailer, with heavy emphasis on exceptional shopping experiences for its loyal customers, Weis Markets is committed to providing them with the best and freshest products on the shelf," said Guy Yehiav, CEO, Profitect. "Leveraging our innovative pattern-seeking, cloud-based analytics solution will enable Weis Markets 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."
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