The Loss Prevention Foundation (LPF) has announced Profitect as its newest Bachelor-level scholarship partner. As a Bachelor sponsor, Profitect is awarding numerous certification course scholarships for retailers, universities, and internal associates. Profitect is also now able to provide complimentary LPF memberships to loss prevention practitioners.
Profitect’s cloud-based prescriptive analytics solution leverages pattern detection and machine learning algorithms to identify opportunities that impact sales and margin. Profitect takes a retail & CPG company’s data and identifies areas of importance to the loss prevention/asset protection community including incidences of organized retail crime (ORC), vendor non-compliance, cashier fraud, cash loss, lapses in training, and excessive shrink.
“The Loss Prevention Foundation’s mission is to advance the LP profession through our LPQ and LPC credentialing courses,” stated Terry Sullivan, LPC, president of The Loss Prevention Foundation. “Profitect has served as a key partner and we appreciate Profitect’s dedication to supporting LPF’s effort to further elevate the loss prevention/asset protection profession. Without partners like Profitect, who are committed to our industry, our mission would not be possible.”
“We are excited to expand our partnership and support of the Loss Prevention Foundation,” said Guy Yehiav, CEO, Profitect. “The loss prevention/asset protection community has always been a strong advocate for the power of prescriptive analytics and benefits it can bring across an organization. We see supporting the LPF as an extension of our goal of helping professionals improve operations, increase customer satisfaction, and reduce costs by using their data in smarter ways.”