Pressured to “Do More with Less?" Add Prescriptive Analytics | Ep. 53

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Loss Prevention Magazine Podcast

Business


Countless loss prevention teams are feeling the pinch of “do more with less” initiatives from corporate. The one-two punch of increasing expectations despite budget cuts presents a monumental challenge. Worse, report-based analytics solutions, while billed as improving productivity, only tie up precious resources as investigators sift through page after page of raw data, trying to find new cases.LP veteran, Scott Pethuyne, LPC, of Zebra Technologies has seen his fair share of “do more with less” mandates during his tenure as an LP professional. Ultimately what helped his budget-strapped team truly accelerate productivity and drive next-level results was a new analytics solution called prescriptive analytics. Prescriptive analytics analyzed data and informed his team in real time:What was happeningWhy it happenedHow much it was costing the retailerWhat to do about itWho should do itIn this podcast, Scott Pethuyne and Molly Pollard discuss how this new, streamlined workflow can help LP teams prioritize their work, ramp up their case-resolution rate, return more money to retailers’ bottom line, and ultimately exceed corporate’s expectations – without increasing headcount.