Excellent shopper flow business services? Intruder detection is another one of the most common benefits of retail video analytics. Video analytics effectively deters criminals from commercial properties. In this way, corporations may protect their personnel and property. An increasing number of businesses are relying on sophisticated video analytics to help them better protect themselves, and this trend is only expected to accelerate. Companies are increasingly turning to live video monitoring outsourcing since it not only provides them with reliable data but also helps them concentrate better on their main tasks, is cost-effective, and saves time and money.
One of the most beneficial and simple processes one can do to optimize their store is to use retail video analytics. This activity allows the cameras that were likely already up to be used for an extra advantage. Important information like shopper flow, heat mapping, and route mapping will supply actionable data that can in turn be used to strategically boost sales. Also, our advanced AI technology will automatically exclude staff from data collection to ensure that they do not throw things off. Find extra information on retail waste management.
The Concept: Use sample stores as a laboratory for testing new ideas & potential successes Retail LAB is a concept where the retail chain (RC) uses 4-6 stores as a test environment – for the RC and its suppliers to do all kind of exciting research, analysis of placements, sales-analysis, test-sale of new products, traffic, shopper behaviour etc. in the defined LAB stores. Link Retail (LR) is running and operating the Retail LAB –and RC introduce LR to all its key suppliers. RC shall have access to all results from all studies done by suppliers. The scheme will be financed by LR, without any costs for RC. The suppliers will pay for studies and analysis. RC will also be able to do its own analysis – for free or at very low fees. The last depends on supplier participation and will be regulated in an agreement between the parties.
One does not need to have a background in software in order to understand what Link Retail Tools is telling them. So, monitoring while outside the office or store is now much easier than before. POS analytics: Time in-store can be spent without having to disconnect from day-to-day operational numbers. Therefore, you’ll stay in control! Link Retail’s Top 4 Technological Superiorities: Act Rapidly Allow the system to monitor your sales activity and track the number of products displayed in your store.
It’s rather normal for a grocery store to waste 50-60 pieces of bread a day. If one store reduces wastage of only 15 bread a day, it’s more than 5.000 pieces of bread a year. This is a significant number and saves both CO2 and cost. We have now managed to reduce bread wastage in grocery stores by between 30% and 50%. Digital ordering and real-time production estimates give the correct numbers of bread in-store at any time. Further, it becomes even better when the stores and the employees change their daily routines. Read even more details at https://linkretail.com/.
The majority of businesses have an excessive product portfolio with too many commodity lines, high losses, and low rollover. A structured portfolio optimization releases capital and provides a much better focus on what´s important for the business. Most of our analyzes are based on the Pareto principle with the 20/80 rule. Through countless studies, we´ve seen that for most retailers 5% of the goods account for 50% of sales. By analyzing your portfolio of products you can find the price and amount of products that give the greatest gross profit and this finds a good balance between margin and sales. If you manage to find the right combination here you will be able to run more cost-effective, profitable, and time-saving.