ProfitTrax
Case Studies
See what our users say
Whole Store Profit Optimization™
BEYOND Profit Protection
John Stanze
Director - Cosentino’s Food Stores
“Team ProfitTrax are excellent Profit Improvement Partners. Ordering is smarter, Variety and Inventory Turns are improved, our Fresh Grosses are UP 159 basis points. All stores use ProfitTrax.”
The Challenges
- Reduce Storewide Shrink Loss 15% to Grow Gross Margins 18% (The Promise).
- Implement centralized data dashboard for data needed to grow sales and reduce shrink.
- Improve the purposeful use of analytics for daily store walks.
- Train Store Teams in Proven Store Operations Best Practices.
The Solution
- Implemented ProfitTrax Technology to Streamline and Simplify Operations.
- Implemented CGO and Fresh Production Planner to Optimize Variety, SKU Rationalize, Grow Sales, Improve Inventory Turns.
- Trained Store Teams and Supervisors - how to preempt shrink loss – systemically.
- Standardized Audits for Compliance.
Outcome
- Increased Fresh Gross Margins 159 basis points.
- Improved Inventory Turns in all depts and to improve Storewide Gross Margins.
- Achieved 85% store and dept manager daily best practices execution and technology use.
- Improved Variety to grow Sales and Gross Margins in Deli, Produce, Bakery.
Scott Bayne
COO - Balls Food Store
“ProfitTrax helped us to achieve multi-million dollar shrink reduction for a 240 basis-point gross margin improvement.“
The Challenges
- Reduce Storewide Shrink Loss 15% to Grow Gross Margins.
- Optimize Store Inventory Management to Improve Inventory Turns and Reduce OOS.
- Streamline and Simplify Analytics for ease of use.
The Solution
- Implemented ProfitTrax Technology to Streamline and Simplify Operations.
- Implemented CGO and Fresh Production Planner to Optimize Variety, SKU Rationalize, Grow Sales, Improve Inventory Turns.
- Trained Store Teams and Supervisors - how to preempt shrink loss – systemically.
- Standardized Audits for Compliance.
Outcome
- Reduced Shrink 17% in 7 months, 30% over 2 years.
- Improved Inventory Turns and Storewide Gross Margins 240 Basis Points.
- Increased annual Meat Sales $400K, recovered over $1MM Center Store Shrink Loss.
- Improved Variety to grow Sales and Gross Margins in Deli, Produce, Bakery.
Dave Wilkinson
COO - Strack & Van Til
“Larry and his Teams have been excellent Partners for nearly 20 years with ShrinkTrax, Total Store Manager Training and the ProfitTrax AI Suite. ”
The Challenges
- Grow Gross Margin 18% by Reducing Internal Profit Erosion 15%.
- CULTURE: Design/Support Profitable Selling Training
- Technology: Unify disparate data into one Daily Dashboard platform.
- Improve storewide Inventory Turns.
- Train Purposeful ProfitWalk.
The Solution
- Implemented ProfitTrax All-In-One Dashboard System for Store Operation.
- Implemented Fresh Item Production Planner & Merchant Analytics to Optimize Variety, Reduce Shrink Loss & Grow Sales.
- Trained Store Teams and Supervisors - to preempt storewide shrink loss and improve Inventory Turns.
- Conducted on-going Web based Training to help assure implementation effectiveness.
Outcome
- Reduced Shrink 18%. Made ProfitTrax KPI’s a focus topic at Weekly Executive Meetings.
- Improved Storewide Inventory Turns and Gross Margins.
- Every Dept Mgr., Store Manager, Supervisor, Product Director and COO now use ProfitTrax with common objectives to:
- Reduce Shrink.
- Grow IPC.
- Gross Margins are UP.
About The ExpertsThe ProfitTrax™ system takes you BEYOND profit protection to preempting internal profit erosion – we Guarantee 5:1 ROI fromProfitTrax AI Technology, Best Practices Training and SRS proactive support of Operational Implementation Effectiveness.ProfitTrax is dedicated to and understands that our success only results from our retailers’ profit improvement.
What makes us better?
- 1
Your 5:1 ROI is Guaranteed from Store Inventory Management, 15% Shrink Loss Reduction, 18% Increased Gross Margins.
- 2
An all-in-one Unified Data Technology Platform to Streamline & Simplify workflow for store operations.
- 3
A system to establish an Enterprise-wide Connected Culture of profit-driving Store Inventory Optimization.
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in Every Department of Your Store?
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