AI-powered Shelf Management Software
Revolutionize inventory management and shelf monitoring to boost sales and spark customer delight.
Book a demo
How big are the losses from human error in retail shelf management?
People make mistakes. Expired goods on the shelves, incorrect price tags, and the absence of products that consumers want to buy lead to lower sales and customer complaints, fines, and poor brand image.
of revenue loss in retail is due to out-of-stocks, overstocks, and preventable returns (Business Wire).
of total annual sales for two-thirds of retailers is due to inability to display relevant products (One Door).
How does traceCORE help?
AI-powered Shelf Management Software provides digital tools and techniques to manage and optimize the presentation and promotion of products in retail.
Controls expiry dates
Helps minimize revenue loss
Enhances shopping experience
Increases sales
Ensures correct product display
Modernizes inventory management
How does it work?
- The supplier applies a unique marking code to each unit of goods and enters information about it into a database.
- The retailer enters information about the goods into the system.
- Machine vision tracks every single item and price tag in real time and transfers information to the system.
Real-time management of each store, each shelf, and each unit
Key features
Product placement and display
Uses digital tools to create and implement planograms, which are detailed schematics showing the placement of products on shelves to maximize visibility and sales.
Price and promotion management
Develops and implements promotional strategies, including discounts, special offers, and marketing campaigns, to boost product sales and customer engagement.
Data analysis and insights
Analyzes sales data to understand product performance, customer preferences, and market trends to facilitate data-driven decisions about product placements and promotions.
Inventory management
Monitors inventory levels in real time to prevent stockouts and overstock situations, ensuring that popular products are always available.
Expiry date monitoring
Analyzes expiry dates and suggests price adjustments to maximize revenue and reduce revenue loss.
Automated Reordering
The automated system offers real-time insights into inventory levels, produces precise reorder calculations, and enables smooth communication with suppliers.
Streamline the shopping journey
Capture real-time data on product location, stock levels, and potential issues.
- Enhanced Customer Experience: Provides customers with a seamless and engaging shopping experience, both online and in physical stores.
- Increased Sales: Optimizes product placement and pricing strategies to boost sales and revenue.
- Data-Driven Decisions: Leverages data analytics to make informed decisions about product management and marketing.
- Operational Efficiency: Automates routine tasks, reducing manual effort and allowing staff to focus on more strategic activities.
.jpg)
.jpg)
.jpg)