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.

For more information on Smart Shelf Technology check out our Slideshare: How Smart Shelf Technology is Reshaping the Retail Industry

 

Featured Content

The Friday Report: October 11, 2019

The Friday Report: October 11, 2019

Bipartisan Effort by Senators to Share Info on Supply Chain Threats Out of concern for risks to national security, a bipartisan group of senators want all branches of government to share information on technology supply chain threats.  Leading members of the Senate...

The Friday Report: October 4, 2019

The Friday Report: October 4, 2019

U.S. Announces Tariffs on $7.5 Billion of EU Goods Following the recent decision by the World Trade Organization (WTO), the U.S. Trade Representative announced changes to tariff rates for EU goods.  Beginning on October 18th, the United States will begin charging a...

The Friday Report: September 27th, 2019

The Friday Report: September 27th, 2019

Another Reason to Eat at McDonald’s in Canada McDonald’s has announced a 12-week test of the Beyond Meat burger in 28 of its restaurant locations in Southwestern Ontario, including the largest city in Canada, Toronto.  Calling it a P.L.T. (plant, lettuce and tomato)...

© Copyright 2019 - Datex Corporation. All rights reserved.

Pin It on Pinterest

Share This
X