Proteus 420 Technology Helps Regulated Industries Stay Afloat, As Retail Shrinkage Costs Retailers Billions Each Year
SAN DIEGO, Calif. — Retail shrinkage occurs when a company loses inventory from causes other than sales—and it’s a problem that costs companies $100 billion annually, according to the National Retail Federation’s (NRF) 2022 National Retail Security Survey (NRSS). In the regulated cannabis sector, retail shrinkage is even more of a concern as business owners must navigate tight regulations in an often cash-only environment combined with the usual causes of retail shrinkage, including theft and inefficient operations. Proteus 420, an online enterprise resource planning (ERP) system for businesses in e-commerce, retail, healthcare, and highly regulated industries, including alcohol and cannabis, is a go-to solution to help cannabis businesses stay cost-efficient and profitable during a difficult economic climate. The independently-owned software company offers customized tracking tools to tackle loss prevention and navigate compliance in the cash-only industry. Recently, Proteus 420 laun...