Retail consultant joins Profitect board

WALTHAM, Mass. — Profitect, provider of software solutions for the retail industry, announced that Daniel Corsten has joined the company’s board of advisors.

Corsten currently serves as a professor of business at IE Business School in Madrid, Spain. He was also a founding academic of the Efficient Consumer Response initiative, where he researched and consulted for retail and consumer goods organizations such as Procter & Gamble, Unilever, Metro Group, and Sainsbury’s to help them lower costs, understand shoppers, reduce out-of-stock, and create overall sustainable supply chains.

“In my research and consulting, I have found that a perfect supply chain requires collaboration and trust, but also rigorous analytical methods. Profitect’s Profit Amplification solution can help bring these magic ingredients together,” said Corsten. “In my many years of working with supply chain management and retail software companies, I have not seen a more efficient and effective predictive technology that is able to utilize patterns to ‘wring out’ all possible value from every segment of a retailer’s supply chain the way that Profit Amplification can.”

Corsten has also taught and researched at St. Gallen in Switzerland, London Business School and the Wharton School at the University of Pennsylvania in the United States. Prior to his academic career, he worked for Bayer Leverkusen and AGFA in Germany and the United States. Corsten’s corporate experience includes supply chain management, marketing and finance, and he has worked in the automotive and retail software industries.