Merchandise stock level
The problem: the biggest challenges is customer dissatisfaction due to out of stock items. 50% of customers go to another store if their preferred items are out of stock.
➔ IOT transforms products in Smart products
Automatically monitor inventory in stores.
•How much product is in stock at any given moment: Automate alerts or reordering when levels reach a threshold, and prevent restocking items that are underperforming.
Product placement (planogram)
Product placement is critical and time consuming, this is another area in which smart products can dramatically benefit retailers.
➔ With real time data being reported, product placement teams reduce the time it takes to analyze merchandise layouts, track the results of changes, make modifications, or plan for reorganizations.
OPTIMIZE MERCHANDISE STOCK LEVELS