Larry Foster Email & Phone Number

Lead projects in the areas of shrink management, operational process efficiencies, and sales enhancement. Leveraged my SME in the area of loss prevention/asset protection through the development and execution of strategical strategies based on data analytics. This expertise has led to actionable insights delivering sustainable profit optimization. Implemented top tier data analytic solution to business owners while working directly with IT teamsDeveloped and designed strategic technology roadmaps for IT executivesCreated go to business strategy for asset protection leadership around analytic solution performance to achieve profitability including people infrastructure, process design, and trend reportingDesigned Predictive Analytic Models for clients to provide actionable insights and analysis around leading profitability indicatorsBuilt Risk Classification Models for Asset Protection leadership to categorize their stores scientifically and provide insights to the appropriate theft deterrence strategy Engaged with our leadership team on sales assessment opportunities with potential clientsWorked with clients to reduce shrink specific to center store and fresh departments, ORC/shoplifting, and front end/POS systemsProvided current clients deliverables and thought leadership around the following:• Operations and loss prevention organization structure • Retail data analytics strategy, tools, and resources• Physical security strategy to improve theft deterrence • Case management reporting and performance standards• Rx compliance, process refinement, and data guidance • Center Store, Fresh/perishable, DSD, and POS shrink improvement – process and technology

Merchant Analytic Solutions, LLC was a retail support services provider that specialized in improving our client’s bottom line results through ground breaking tactics and strategically placed counter measures. These solutions were designed to proactively provide business intelligence to drive performance, elevate financial results, and improve shareholder value.Our business model leveraged the deeply talented experience of our team in the area of retail risk mitigation and profit improvement. We created a methodology which tactically isolated the root causes of shrink and margin erosion by focusing on the controllable elements of risk and loss within the business enterprise. The focal points of our attack strategy centered on the cornerstones of retail; store operations, supply chain/product flow, finance and technology support. Specific to each vertical, our solutions were designed to reduce the risk through an exclusive set of tools which continually evaluated performance and isolated anomalies. These counter measures were tactically designed around 3 core deployment scenarios: quick hit tactics, short term initiatives and long term solutions. The core solution model revolved around data analytics, risk assessment, and more importantly predictive modeling. Our team developed a sophisticated set of algorithms and complex KPI strings that isolated internal and external risk drivers. These behavioral patterns knowingly or unknowingly impacted the profitability of the business through a variety of touch points.

Woonsocket, Rhode Island

Responsible for the overall loss prevention policy development, strategic direction and implementation of all loss prevention technology solutions. Collaborated with a business intelligence software vendor-partner to develop and design a suite of transaction analysis modules designed to isolate risk and identify predictive trends within the business environment including Point of Sale, Direct Store Delivery and Receiving, Pharmacy Dispensing, Pharmacy Inventory, and Front Store Inventory.o Designed and implemented six critical data analytic software modules over the following businesses: Point of sale (POS), pharmacy dispensing and inventory, direct store delivery (DSD), front store inventory, and case managemento Developed and executed transfer of knowledge and rollout plan for over 125 field personnel managing 7,000+ stores for new analytics software implementationso Created continual training and sustainability approach to ensure optimization of product usageo Designed unique KPI (called Sales Reducing Activities or SRA) to quantify store risk and build investigative approacho Built and distributed executive level reporting surrounding SRA performance trending o Developed team of managers and analysts both in corporate and field positions• Team in 2003 = 2 people• Team in 2009 = 14 peopleo Integrated data analytics program throughout various company departments beyond loss prevention such as marketing, bank reconciliation, customer relations, pharmacy operations, compensation, and sales/audito Fostered relationships with key personnel across company departments to influence decision-makingo Supported overall shrink reduction exceeding multiple millions in 7 yearso 5-year return on technology investment exceeded 900%o Managed a budget exceeding $10M including human resources, capital, and expense

Mba, Marketing

Bs, Management