Learn how Smart Shelf Technology is reshaping the retail industry with this detailed infographic. Smart shelves are electronically connected shelves that automatically keep track of inventory in a retail store. This has become a major challenge in the retail industry because customers are not satisfied when items are “out-of-stock” in stores. Retail stores are also facing other in-store experience challenges such as internal process failure, resource constraints, and data disconnects. The introduction of Smart Shelf technology is enabling retailers to provide a better consumer shopping experience. Smart Shelves will enable the retail store to refill inventory from stock rooms as it gets depleted from the store itself, inform the buying group of the demand and out-of-stock situation, and inform warehouse/direct shipment vendor for immediate replenishment. There are many advantages to implementing smart shelf technology. For example, ability to make informed decisions, provides real-time data analysis, real-time inventory tracking, reduces the number of slow-moving items, enables manufacturers and retailers to reward shopper loyalty and enables retailers to stock larger quantities of fast-moving products. Some of the features of smart shelves include inventory automation, real-time inventory management, remote inventory monitoring, stock availability assessment, cross and up-selling for out-of-stock items, offline model working, and more employee time.
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