Preventable loss comes in many forms in the grocery, supermarket, and food retail industries. Thefts, markdowns, human error, and perishable shrink can all eat away at already dwindling profit margins. Add a massive shift in consumer taste and shopping preferences disrupting the industry and it's clear that getting a handle on margin erosion may be the difference between surviving and thriving in the competitive grocery landscape.
Protect your hard-won profits using data analytics to automatically flag activities indicating preventable loss, all while improving margins, increasing sales, and ensuring a consistent customer experience.
Cutting-edge loss prevention teams are expanding their purview beyond traditional theft and fraud to tackle grocery and supermarket loss in all its forms. With Agilence, our clients can easily pinpoint concerns about preventable losses and quickly prescribe a solution.
Food retailers have faced new challenges thanks to the growth of e-commerce, increased organized retail crime, and rapid adoption of frictionless store experiences such as self-checkout. However, winning grocery and supermarket chains are fighting back with new approaches and new tools to win the loss prevention war.
To get you started, we’ve outlined 9 Tips For Building a Successful Grocery Loss Prevention Strategy.
Every day, Agilence analyzes over 24 million transactions for our customers, transforming data into insights, and insights into actions. Prebuilt reports and dashboards, predictive analytics, automated alerts, and prescriptive resolution plans ensure timely detection, communication, and action. In this way, retailers are uncovering operational inefficiencies, increasing automation, and ultimately driving profits back into their businesses.
People were really impressed with the advanced capabilities of Agilence compared to our previous system. It's definitely moved beyond just the four walls of our AP department
Our team became far more efficient at identifying and correcting issues. Agilence allows us to focus on resolving root causes of loss, not just individual cases
Brookshire Grocery Co.
We were happy using a competitive product, but when we first met the Agilence team they made us feel like family, which is something we’ve never experienced from a vendor before.