The consulting and software maintenance services will enable the retailer to extract maximum value from March Networks business intelligence software already in use in the stores to reduce shrink, decrease in-store risk and improve overall store performance.
The services include implementation management, shrink assessment, store audits, and transaction profiling customisation. They also include upgrading the web-based data mining software to ensure that the retailer benefits from the newest application features and capabilities.
Progressive retailers use March Networks advanced video management and data analysis solutions to combat inventory shrinkage, which costs retailers $37 billion annually in the US alone. Video surveillance and Point-of-Sale (POS) transaction data monitoring are the two most widely used shrink management technologies, according to a 2006 security and loss prevention study.
"Businesses today require comprehensive visual and business intelligence solutions that go well beyond high performance technology," said Peter Strom, President and CEO of March Networks. "This is further proof that our unique ability to deliver a complete loss prevention solution through the combination of innovative software and professional services continues to lead the industry."