Trax Retail Solutions Launches SmartStore Framework
New Operating and Analytics Environment Provides New Ways to Increase Operations Efficiency, Cut Shrink Loss and Achieve TCO
SCOTTSDALE, Ariz.--Oct. 12, 2005--Trax(R) Retail Solutions (Trax), the market leader in loss prevention, store operations control and profit optimization solutions for the retail industry, announced today the release of its SmartStore(R) Framework, a broad range of business intelligence solutions based on a single, integrated, operating system platform.
According to Larry Miller, president of Trax, "With the SmartStore Framework and our new business intelligence analytics engine, retailers gain four specific strategic advantages: (1) the ease of fully integrating advanced loss prevention, store operations control, and audit functions, (2) immediate scalability to selectively add other modular solutions as their business needs change, (3) a `Rapid Impact` deployment process and program that assures near and long-term profit gains, and (4) the ability to deploy, implement, monitor, score and manage workflows in ways that drive profit and satisfy all Sarbanes-Oxley compliance requirements."
At a recent conference of retail executives in Scottsdale, Ariz., Jon Bolen, CIO of Trax, explained, "The SmartStore BI Framework, which leverages .Net and Microsoft SQL Server, simplifies interoperability and intelligent integration between vital (Trax and non-Trax) applications. The applications within the framework save time and labor associated with finding, understanding and appropriately responding to actionable information through targeted alerts that are focused on operating profitable stores." Bolen also added, "Retailers can easily analyze transaction level data at any of their POS terminals or receiving doors and integrate it with other key information from devices like DVRs or an EAS system. In fact, the tools included in the framework make integrating other data feeds, like scales or even pharmacy, very straightforward. Collectively, the Framework, when augmented by our unique Transaction Level Profiling and our drag and drop report designer, empower the everyday manager like never before. It is a new dimension in executive information systems that provides visibility into operational details and enables smarter and faster decisions."
Products for the SmartStore Framework include:
-- ShrinkTrax -- known throughout the retail industry as the best-of-breed, proactive loss prevention solution to prevent cashier and vendor-related shrink. ShrinkTrax identifies causes of shrink, and achieves visible profit gains in less than 12 weeks -- guaranteed. The intelligence-based technology of ShrinkTrax preempts shrink loss by automatically analyzing POS transactions, patterns, and trends to provide store, district, and loss prevention managers with exclusive alerts, plain-English narrative action plans, and unequalled drill-down into transaction details. ShrinkTrax includes the exclusive "Rapid Impact" deployment process and vital store manager (behavior modification) training in POS loss-prevention best practices.
-- DM2 Advanced Data Mining -- an enterprise exception reporting and open query system that removes the guesswork from traditional exception reporting practices. Easy to learn and fast to deploy. Through the use of exclusive intuitive analytics and unlimited user defined analytics, DM2 automatically searches hundreds of interrelated key performance indicators and pinpoints otherwise undetectable data abnormalities complete with transaction level detail and drilldown. DM2 integrates seamlessly with ShrinkTrax Case Management and most digital CCTV systems.
-- Case and Incident Management -- The ShrinkTrax Case Management system encompasses all the tools expected in a high-end case management system with the simplicity to make it the most user-friendly case management system available. Through integration with DM2, Case Management provides users with one-button access to streamlined information and receipt-level transaction data, combined with CCTV. Trax provides a seamless, intuitive, and user-friendly way all these features work together, allowing for higher productivity and more time for proactive loss-prevention activities.
-- SweepTrax -- provides a structured, simple set of wireless tools to automate and document all store sweep, safety and/or any other audit inspection activities. SweepTrax tracks and documents aisle inspections and user activity which ensure cleaner, safer stores, and create optimal levels of safety for both customers and associates.
-- StoreWalk -- for inspections and audits of any kind, by any department StoreWalk replaces inefficient, paper-based checklists and decentralized store or warehouse inspection auditing practices. With StoreWalk, wireless (or batch) technology is combined with knowledge-based activity planning and monitoring to arm your managers with dynamic tools to quickly and efficiently inspect their stores for optimal conditions and automatically upload for corporate analysis and review in near real time.
SmartStore(R) is a suite of loss prevention, audit, and store operations control Business Intelligence software and related services for retail profit optimization that guarantees to improve the performance of people, processes, and practices in retail stores.
About Trax Retail Solutions
Trax Retail Solutions is the market leader in loss prevention, store operations control and profit optimization solutions for the retail industry and list the following companies among its clients: Albertsons, Winn-Dixie Stores, Ahold USA, Osco Drug, SUPERVALU, Harris Teeter, CUB Foods, Farm Fresh Markets, Wesco, and dozens of other fine food, drug, convenience, and retail companies. The company`s flagship ShrinkTrax Suite of loss prevention and store operations control solutions have helped more than 22,000 retailers worldwide improve profits by empowering store managers with education and training, world-class technology, and industry best practices for store operations.
DM2 is a registered trademark of Trax Retail Solutions Inc.
Contact:
Trax Retail Solutions, Scottsdale
Janet Allen, 480-948-0001
janet.allen@traxretail.com
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