Remove Inventory Management Remove Loss Prevention Remove Promotions
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AI Isn’t Going Anywhere: How Retailers Plan to Deploy the Tech in 2024

Retail TouchPoints

Among the current top use cases for AI in retail are: Store analytics and insights; Personalized customer recommendations; Adaptive advertising, promotions and pricing; Stockout and inventory management; and Conversational AI. But many of these tasks may just represent the low-hanging AI fruit.

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

Inside Retail

Inventory management Predictive analytics: This helps optimise your stock levels, preventing overstocking and stockouts. Targeted advertising: You can use data to target promotions effectively, enhancing campaign ROI. Loss prevention: Employs advanced surveillance techniques to detect and prevent shoplifting.

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Different Things to Consider Outsourcing in Your Retail Business (and Why)

Retail Focus

Order Fulfillment When outsourcing, retailers can benefit from streamlined inventory management, order processing, and shipping. Inventory Management Efficiently managing inventory is essential for meeting customer demands while minimizing carrying costs.

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Stop out of stocks denting your profits this holiday season

I Vend

Inventory management – ‘the right goods, in the right place, at the right time’ sums up the core of retail. So inventory management is essential. Retail technology can streamline inventory management by enabling retailers to accurately track goods from delivery to sale through to returns.

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Key Takeaways from the Wiser Industry Leaders Brand Panel: Challenges and Adaptations

Wiser

Ongoing challenges such as stock shortages, subpar shelf displays, and inventory issues are contributing to decreased sales and increased discounts. These operational hurdles not only impact revenue streams but also affect customer satisfaction levels, highlighting the importance of streamlined inventory management practices.

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Mobile technology – serving both sides of the retail coin

365 Retail

Armed with a mobile device that lets them search out individual items for customers – store teams can suggest products, compare prices, highlight promotions and offer to order items that might be out of stock – helping them to become less ‘sales assistant’ and more ‘trusted advisor. .

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Benefits of People Counting and In-store Visitor Analytics for Supermarkets

V Count

Once you get a grasp of the customer journey, you can use the visitor data to optimize store layout, improve product placement, and make more informed decisions about inventory management. Tracking foot traffic in specific store areas via zone analytics can reveal the impact of in-store promotions and advertising on customer behavior.