Level 1 Sponsor
ChallengeOn shelf availability is a major challenge for grocery, drugstore, beauty retailers and their FMCG suppliers. 8% of SKU's on average are OOS (out of shelf) causing significant revenue loss. Most attempts to reduce OOS fail. The problem increases in "click and collect" stores where each OOS SKU has a direct impact on order fulfillment with potentially negative effects on the shopping experience
SolutionWiseShelf’s unique solution uses light sensors that provide retailers with real-time shelf inventory management plus a full backbone tool to make online orders with store pickup more efficient.
How does it work?WiseShelf’s thin, low-cost appliance (patent pending) is equipped with dozens of light sensors that turn the store shelf into an IOT enabled device that sends real-time data to a management application. To prevent OOS, a cloud based, machine learning algorithm processes data and sends real-time alerts to the retailer/supplier as stock levels decrease. WiseShelf uses the data analysis to provide reports on shelf insights. WiseShelf supports planogram compliance that improves replenishment processes by guiding merchandizers to a specific shelf with the correct items.
50% decrease of OOS events 40% higher efficiency of replenishment processes Supports planogram compliance Easy and fast implementation ROI guaranteed due to low cost of ownership
Pilot projectsA pilot project in one or several stores is a fast, affordable and efficient way to experience the benefits. Please get in touch with us if you would like to carry out a pilot projects.