Printer Friendly
The Free Library
19,573,962 articles and books
Member login
User name  
Password 
 
Join us Forgot password?

ASP/Hosted Loss Prevention Solutions Now Offered Through Trax Retail Solutions and StoreNext Partnership; 10 Companies Deploy Smart Data Mining and Analytics to Reduce Shrink.


SCOTTSDALE, Ariz. -- Trax(R) Retail Solutions (Trax), the market leader in loss prevention, store operations control and profit optimization solutions for the retail industry, announced that they have signed 10 new customers to their ASP/Hosted Loss Prevention and Store Operations Control solutions via the StoreNext Connected Services(TM) portfolio.

New customers launching ShrinkTrax(R) ASP include:

--Buy for Less: Oklahoma City Oklahoma City (1990 pop. 444,719), state capital, and seat of Oklahoma co., central Okla., on the North Canadian River; inc. 1890. The state's largest city, it is an important livestock market, a wholesale, distribution, industrial, and financial center, and a farm  

--Capri IGA IgA
abbr.
immunoglobulin A


IgA,
n the abbreviation for immunoglobulin A.


IgA

immunoglobulin A. See immunoglobulin.
: Greenville, Ill.

--El Tapatio Market: Los Angeles Los Angeles (lôs ăn`jələs, lŏs, ăn`jəlēz'), city (1990 pop. 3,485,398), seat of Los Angeles co., S Calif.; inc. 1850.  

--Harmons: West Valley City, Utah West Valley City is a city in Salt Lake County in the state of Utah. As of the 2000 census, the city had a total population of 108,896. A 2006 estimate placed its population at 118,917 making it the second-largest city in Utah.  

--Norkus Foodtown: Pt. Pleasant Beach, N.J.

--Northgate Markets: Anaheim, Calif.

--PAQ: Stockton, Calif.

--Pro & Sons: Ontario, Calif.

--Reasors: Tahlequah, Okla.

--Times Supermarket: Honolulu

According to according to
prep.
1. As stated or indicated by; on the authority of: according to historians.

2. In keeping with: according to instructions.

3.
 Ron Southard, EVP EVP Executive Vice President
EVP EGR (Exhaust Gas Recirculation) Valve Position Sensor
EVP Electronic Voice Phenomenon
EVP Europäische Volkspartei (Germany)
EVP Employee Value Proposition
 of Trax Retail Solutions, "This partnership now offers retailers of all sizes a breakthrough in advanced data mining and intelligence-based cashier exception reporting via a Web-based, ASP model whereby the retailer eliminates all of the integration and hardware costs."

Trax and StoreNext expect that this all-new Connected ShrinkTrax(R) will continue to become the grocery industry's fastest and most complete ASP-based loss prevention solution to prevent cashier theft and errors.

"The solution affords retailers a feature-rich set of tools including the industry's only plain-English cashier narrative reports, specialized weekly reports for shrink identification, productivity management and customer service analysis, coupon redemption and refund analysis, and detailed automatic analysis and targeting of over 40 POS (1) See point of sale and packet over SONET.

(2) "Parent over shoulder." See digispeak.

POS - point of sale
 transaction categories, all in an extremely cost-effective model," added Southard.

The enterprise solution includes multistore enterprise-level reporting and an advanced data mining tool called DM2. DM2 applies expert data analytics and more than 1,600 "expert rules" to automatically pinpoint otherwise undetectable losses and sales data abnormalities.

"The Connected ShrinkTrax application represents a major step forward for independent grocers and small/medium-sized chains who want advanced loss prevention tools at a fraction of the cost," said Jon Bolen, CIO CIO: see American Federation of Labor and Congress of Industrial Organizations.


(Chief Information Officer) The executive officer in charge of information processing in an organization.
 at Trax.

ShrinkTrax is known throughout the industry as a proven, proactive, and guaranteed method to prevent store loss and improve bottom line profit by automatically tracking suspect cashier patterns and trends, and training managers in specific techniques to improve cashier performance and cut losses associated with dishonesty, fraud, errors and inefficiency.

About Trax Retail Solutions

Trax is the market leader in loss prevention, store operations control and profit optimization solutions for the retail industry, and lists the following companies among its clients: Albertsons, Winn-Dixie, Ahold, Osco Drug Osco Drug is a chain of pharmacy stores which operate under Supervalu Pharmacies. Most Oscos currently can be found in Jewel supermarkets. Since 2006, Osco is a wholly owned subsidiary of Supervalu Pharmacies of Eden Prairie, Minnesota-based Supervalu. , SUPERVALU, Harris Teeter, CUB Foods, Farm Fresh Markets, Wesco, and dozens of other food, drug, convenience and retail companies. The company's flagship ShrinkTrax Suite of loss prevention and store operations control solutions has helped more than 22,000 retailers worldwide improve profits by empowering store managers with education and training, world-class technology and industry best practices.
COPYRIGHT 2005 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2005, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

 Reader Opinion

Title:

Comment:



 

Article Details
Printer friendly Cite/link Email Feedback
Publication:Business Wire
Date:Sep 16, 2005
Words:442
Previous Article:Westar Satellite Services Opens New York Broadcast On-Ramp Facility.
Next Article:Trinity Springs Introduces Trinity Organic -- First Certified Organic Flavored Water; Consumers Get Double Benefit: Certified Organic and Certified...



Related Articles
StoreNext and Trax Announce Partnership to Offer Loss Prevention Application to Independent Grocers; Store Managers Can Deploy Smart Data-Mining and...
Intelligent Loss Prevention Solutions Released; Trax Retail Solutions Expands Power and Flexibility to Loss Prevention Suite.
Trax Expands Focus on Retail Profitability Services; New Customer Profitability Services Group to Be Led by Industry Veteran Mike Kienzlen.
Thorntons Chooses Trax for Shrink Reduction and Control.
Major Drug Store Chain Chooses Loss Prevention Tool & Partner; Boots U.K. Chooses Trax Retail Solutions & ShrinkTrax Program to Combat Store Shrink.
Trax Solves Shrink Through Behavioral Modification.
United Supermarkets Selects ShrinkTrax and DM2 Advanced Data Mining Solutions for Loss Prevention; Reducing Shrink is a Priority at United, Requiring...
Trax Retail Solutions Launches SmartStore Framework; New Operating and Analytics Environment Provides New Ways to Increase Operations Efficiency, Cut...
Retailers Seeking Loss Prevention Solutions; Increased Adoption of Loss Prevention and Store Operations Control Solutions Driving Sales at Trax...
New ASP Loss Prevention Solution Scores High ROI for Trax Customers.

Terms of use | Copyright © 2012 Farlex, Inc. | Feedback | For webmasters | Submit articles