The reduction of the human factor in retail is transforming the retail industry, paving the way for a new era of autonomous retail. This innovative retail model leverages advanced technologies to operate stores with minimal or no human intervention, thereby enhancing the shopping experience.
One of our clients, SHEKEL brainweigh, renowned for its innovative retail weighing solutions for one of its customers, Bright Food sought to implement and grow their autonomous retail channel, including smart shelves, vending machines, and cashier less checkout leveraging AI.
The key challenges were losses due to wastage, returns, out-of-stock situations, and inventory misalignment with dynamic consumer needs at local areas, time of day, day of the week, seasonality, and specific customer segment levels.
Solution: Our approach provided dynamic and efficient price/promo recommendations for stocks on the smart shelf and vending machines, and replenishment recommendations to avoid out-of-stock scenarios for vending machines. Real-time IOT-enabled shelf data, combined with weather and competition insights, enabled this transformation.
Value Proposition:
Increased Sales and Profits:
Reduced Wastage and Returns:
Improved Supply Chain Efficiency:
Enhanced Customer Experience:
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