intelligent and autonomous shelf management for retailers

ZURICH, January 13, 2022 / PRNewswire / – Scandit, leader in Smart Data Capture, launched ShelfView for retail sale. ShelfView is a smart data capture and analysis solution that enables real-time shelf visibility and enables smarter, more efficient store operations. Based on advanced computer vision technology, it enables retailers to effortlessly capture and process in-store data, such as prices and inventory locations, to take intelligence-driven action and accurate information in real time.

(PRNewsfoto / Scandit)

Ideal for grocery stores and stores with high SKU volume, Scandit ShelfView addresses some fundamental challenges retailers face today to tackle very fine margins and optimize costs. The introduction of in-store work automation and robotics can help retailers increase profitability by 2-4%, according to McKinsey. With rising labor costs, labor shortages, and the pressure to deliver omnichannel processing, ShelfView automates routine tasks that are currently performed manually and prone to errors to maximize efficiency. efficiency of store associates and reduce staff turnover.

ShelfView’s initial capabilities will help retailers optimize three main workflows:

  • Precise execution of prices and promotion labels: ShelfView analyzes both labels and signage in real time, via mobile devices or autonomous robots, to inform store workers of the adjustments needed to optimize sales and increase price integrity.

  • Friction-free in-store order picking: Shelfview, with autonomous robots, provides precise product locations to store workers, reducing substitution rates, reducing preparation times, and delivering an optimized customer experience. Any second recorded in order preparation can result in up to 10 million dollars annual savings1.

  • Faster replenishment with precise location of products in store: With stand-alone data capture, ShelfView can scan shelf and pallet labels to analyze the precise location of pallets for replenishment. This can save stores up to 2.5 hours per day, allowing store associates to be called upon for more critical tasks.2.

ShelfView brings together in-store information to improve retail execution by leveraging existing infrastructure without the need for significant additional investments. The solution can be scaled chain-wide, scanning millions of images per day, which can be processed on the device or in the cloud to provide actionable insights. ShelfView works seamlessly with Brain Corporation’s BrainOS® AI platform to provide an easily scalable, accessible, and cost-effective way to automate data collection through the use of bots. Using a versatile design, Inventory Scan is a powerful new accessory that can be installed on stand-alone floor washers to autonomously analyze key in-store inventory details. In addition, ShelfView can be applied to mobile devices already in use by store associates.

Scandit ShelfView allows retailers to:

  1. Increase operational efficiency and reduce costs: ensure accurate pricing and promotions, accelerate the movement of inventory, and reduce low efficiency in in-store order fulfillment, which erodes profit margins. ShelfView increases the productivity of in-store associates to quickly locate products or check prices and promotions.

  2. Increase the capacity of the workforce: The hybrid approach of mobile devices and stand-alone floor washers enables retailers to increase the workforce by removing repetitive tasks from employees and allowing them to focus on value-added tasks, such as customer engagement. Reducing tedious tasks helps retailers retain employees to reduce costly churn rate.

  3. Get actionable insights in real time and reduce errors: ShelfView provides accurate in-store inventory data for efficient shelf management and order fulfillment workflows. Empower store associates to correct store-level issues before they affect sales.

  4. Improve the customer experience and generate income: Accurately placed, assessed and promoted inventory is essential to deliver a consistent customer experience in-store and online. Frequent and accurate shelf management is vital to ensuring a smooth customer journey, especially in today’s omnichannel world.

Christian Floerkemeier, CTO and co-founder of Scandit, noted: “All retailers understand that it’s more important than ever to improve the in-store shopper experience, but doing it cost-effectively remains essential. Automating and simplifying routine tasks enables retailers to maximize their revenue while increasing the efficiency, value and engagement of their in-store associates. Our intelligent data capture capabilities, ShelfView can increase product availability on the shelf, improve fulfillment rate online, and increase sales through accurate pricing and promotional labeling to achieve this. “

With cutting-edge performance, Scandit ShelfView leverages augmented reality (AR), object recognition, object detection, optical character recognition and other advanced computer vision technologies to process images acquired through mobile devices and stand-alone data capture.

1 Based on Scandit customer reviews.
2 Based on Scandit customer reviews.

Notes to Editors
To learn more about Scandit ShelfView, click on here.

About Scandit

We are the leader in intelligent data capture, bringing superpowers to workers, customers and businesses with unmatched speed, precision and intelligence. The Scandit Smart Data Capture platform enables smart devices, such as smartphones, drones, digital glasses and robots, to capture data from barcodes, text, IDs and objects for automate and provide insight into end-to-end processes.

Scandit accurately scans data up to 3x faster than dedicated scanners in difficult light conditions or at angles, on damaged labels, on multiple codes, with any smart device. Scandit enables innovation that enables significant cost savings, increases employee retention and customer loyalty. We partner with customers every step of the way with testing, solution design, integration and customer success support included.

Visit scandit.com to find out why market leaders in retail, transportation and logistics, healthcare and manufacturing like Instacart, Levi’s Strauss, Sephora, NHS and FedEx trust us.

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SOURCE Scandit