Remove Checkout Remove Loss Prevention Remove Supply Chain Management
article thumbnail

Sick of hearing about AI? The key is understanding how to make it work for you

Inside Retail

Loss prevention: Employs advanced surveillance techniques to detect and prevent shoplifting. Supply-chain optimisation: It is reported that AI-driven supply-chain management can reduce errors by 20-50 per cent, decrease lost sales and product unavailability by up to 65 per cent, and lower warehousing costs by 5-10 per cent.

article thumbnail

Stop out of stocks denting your profits this holiday season

I Vend

. * Point of sale store operations – customers want fast and friction-free checkout, and retailers need to know what has been sold. A fast, modern, POS provides detailed sales tracking, whilst getting customers through the checkout efficiently.

article thumbnail

The Rise of AI in Retail: Transforming the Industry Online, In-Store, and Socially

365 Retail

In terms of security and loss prevention, facial recognition can be used to identify known shoplifters or individuals with a history of fraudulent activities, alerting store security personnel and preventing potential theft or fraud. Additionally, it can help monitor employee behaviour and prevent internal theft.