Perfect Store Execution
Every retailer knows that store execution matters... a lot!
Customers want to easily find products. Assortment needs to be displayed in a consistent and intelligible way on the shelves. And planograms agreed with suppliers must be respected. However, retail is dynamic, sometimes chaotic, and consistent execution in every store is always a challenge.
Leading retailers in the United States report spending $7 billion a year manually monitoring shelf availability and product-facing compliance. Yet, on average, 8% of products are out of stock resulting in a 4.1% loss of revenue.
Perfect Store Execution wants to help retailers by applying the latest image recognition technology to support them in improving store execution.