Lloydspharmacy stems losses with IntelliQ

IntelliQ, a leading provider of comprehensive loss prevention solutions to the retail sector, announces that Lloydspharmacy has deployed the IntelliQ RetailKey Loss Prevention solution across its entire estate of over 1360 pharmacies.

John Hood, Finance Director of Lloydspharmacy commented that RetailKey LP will help increase the operational effectiveness of Lloydspharmacy. It allows us to step beyond traditional ideas of fraud and shrinkage to tackle the much larger profit drains of error, non-compliance and procedural abuse.  Based on results during the implementation we expect a 50% increase in successful investigations and a Return on Investment well within the first year.

RetailKey LP is a new generation of loss prevention solution which, unlike traditional techniques, allows unconstrained investigative analysis across the 100s of millions of detailed EPoS transactions that retailers generate. As a result, RetailKey LP can keep pace with losses as they move to provide an ongoing RoI.

David Snocken, IntelliQs Product Development Director commented that RetailKey LP is designed to be an operational solution. Its KPI reports, actionable alerts, automated workflows and links to CCTV all focus on generating action and helping Lloydspharmacy to develop a culture of loss elimination

 Andrew Czechowski, Lloydspharmacy Project Manager commented that We chose IntelliQ because it was easy to use but at the same time not limited to fixed reports.  IntelliQs Train of thought analysis across the detailed EPoS data is the key to a successful loss prevention solution and, unlike fixed reports, allows us to focus immediately on the actionable priorities.