Unsold inventory management software
Artificial intelligence software that optimizes the promotional sale of short-dated products in supermarket retail.
Benefits
- Optimisation of promotional sales
- Creation of sales/turnover loss/loss of margin statistics
- Reduce wastage costs
- Easy to use, ergonomic tool
- Tools connected to the store information systems
- Reduce working time of department managers
Issue
In 96% of stores, identifying, sorting, and managing the promotional sale of short-dated products is difficult due to the time spent and the lack of monitoring of promotions.
Managers and department managers often encounter the following problems:
- Over 3 man hours per day needed to identify short-dated products in a store measuring 2500m2 (teams check the dates of all products daily).
- Time lost spent sorting products that are unsaleable due to their expiration date
- Lack of tools for managing promotional sales: loss of revenue per FTE, loss of margins due to promotions, number of CUs sold by item/product family sold on promotion
- Reducing waste
These issues cause time to be wasted, risk expired products being left on shelves, too many stickered products being sold, and reduce revenue per FTE, causing additional costs for the store.
Current solutions only allow shorted-dated products to be monitored manually (checked individually by teams) and reduced products to be sold through manual solutions without the use of mobile apps or traceability.
These solutions don’t allow the sale of short-dated products to be optimized, standardized, or controlled, nor for savings to be made in terms of staff and waste processing costs.
Managers and department managers often encounter the following problems:
- Over 3 man hours per day needed to identify short-dated products in a store measuring 2500m2 (teams check the dates of all products daily).
- Time lost spent sorting products that are unsaleable due to their expiration date
- Lack of tools for managing promotional sales: loss of revenue per FTE, loss of margins due to promotions, number of CUs sold by item/product family sold on promotion
- Reducing waste
These issues cause time to be wasted, risk expired products being left on shelves, too many stickered products being sold, and reduce revenue per FTE, causing additional costs for the store.
Current solutions only allow shorted-dated products to be monitored manually (checked individually by teams) and reduced products to be sold through manual solutions without the use of mobile apps or traceability.
These solutions don’t allow the sale of short-dated products to be optimized, standardized, or controlled, nor for savings to be made in terms of staff and waste processing costs.
Solution
We have developed a mobile onboard PDA software system that allows store teams to identify short-dated products on every shelf each morning (in the form of a list) and to optimize the promotional sale of short-dated products.
Our algorithms use store data: sales history and current stock and orders, as well as weather, demographic, and customer behavior data.
This 2-pronged C-CHECK and C-STICK solution saves time identifying short-dated products on shelves, ensures they are removed from shelves before they expire, and improves the use and processing of short-dated products through promotions.
Using a simple, ergonomic tool, the system provides a real-time list of short-dated products to be checked (10min/day/store vs 3 hours without our solution) and recommendations on price reductions to apply to your products for your sales and margins.
The system provides sales performance statistics to facilitate strategic decisions (restocking, modification of product ranges, advertising, etc.).
All this new information available to store teams will also reduce the amount of time spent and maximize sales of short-dated products.
Our algorithms use store data: sales history and current stock and orders, as well as weather, demographic, and customer behavior data.
This 2-pronged C-CHECK and C-STICK solution saves time identifying short-dated products on shelves, ensures they are removed from shelves before they expire, and improves the use and processing of short-dated products through promotions.
Using a simple, ergonomic tool, the system provides a real-time list of short-dated products to be checked (10min/day/store vs 3 hours without our solution) and recommendations on price reductions to apply to your products for your sales and margins.
The system provides sales performance statistics to facilitate strategic decisions (restocking, modification of product ranges, advertising, etc.).
All this new information available to store teams will also reduce the amount of time spent and maximize sales of short-dated products.