Retail Gross Profit Recovery (PowerPoint PPT)

This presentation discusses profit recovery for retailers. Profit recovery includes improving shrink along the entire enterprise and supply chain—e.g. inventory loss, damages, shipping errors, credit/debit card loss, coupon abuse, other store discounting, etc.

This document delves into the intricacies of Point of Sale (POS) transaction monitoring, highlighting the importance of moving the point of discovery back down the fraud cycle. It emphasizes the utilization of enhanced tools with robust KPIs and sophisticated tools like SAP Fraud Watch to mitigate risks in high-frequency transaction zones. The insights provided are crucial for organizations aiming to tighten their fraud detection mechanisms and safeguard their revenue streams.

Pricing optimization is another critical focus, managing pricing through the entire product lifecycle. From the introductory phase to decline and supersession, the document outlines strategies for setting the right price, combating decline, and rationalizing categories. These strategies ensure that products are priced competitively while maximizing profitability and market share. The detailed lifecycle approach equips retailers with the knowledge to make informed pricing decisions at every stage.

The document also covers workforce management, emphasizing the importance of proper labor scheduling and time attendance. It discusses leading practices for resource allocation, shift assignments, and workload development. By implementing these practices, retailers can reduce overtime, avoid overscheduling, and optimize labor costs. The comprehensive approach to workforce optimization ensures that retailers can maintain operational efficiency while meeting business unit needs.