Remove Loss Prevention Remove Markdowns Remove Returns
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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. AI can identify the fastest retrieval routes, automate markdown processes, and provide real-time inventory insights, ultimately improving your margins.

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How smart new technologies are improving sales and reducing costs for retailers

Inside Retail

Inventory is the second largest controllable expense and retailers are reporting back an improvement in markdown reduction losses of as much as 50 per cent through using the software to manage planning. This is particularly helpful for someone bringing a new product to market, where there is no sales history.”

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5 Major Retail Digital Transformations to Watch For in 2021

Retalon

Advanced analytics has the capacity to integrate every channel of a multi-channel business into its forecast to maximize the return on promotion investments. In effect, this means a reduction of total inventories, maximized sales, and reduced markdowns. Retail AI can apply this process when customers return their purchases.

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An Overview of how the BOPIS Retail Strategy is Transforming the Industry (2021)

Retalon

BORIS (Buy Online Return In-Store): Concentrates on reverse logistics. Turning your storefronts into local return centers gives your business advantages over purely online competitors. Customers are able to view the item before purchase, minimizing returns. Payment, return, and exchange policies. How does BOPIS work?