We outline the market outlook for planogram compliance and inventory management in the consumer and retail industry — from investment trends and leading companies to recommendations for the players in the space.
What are planogram compliance and inventory management?
Planogram compliance and inventory management providers sell technology to track in-store shelf conditions. Solutions focus on planogram and merchandising compliance and in-stock levels. There are 5 primary data collection solutions: cameras, mobile scanning, shelf sensors, robots to monitor shelves, and autonomous drones.
Companies in this space also use software platforms to process data from external sources along with their own data to optimize pricing and assortment and forecast demand.
Features & capabilities
Planogram compliance and inventory management provide retailers with several capabilities, including the following:
- Automatic digital inventory
- Artificial intelligence (AI)-powered solutions
- Syndicated cloud-based data
- Greater degree of scrutiny, accuracy, and speed
Benefits
Planogram compliance and inventory management offer these substantial benefits to retailers:
- Improved planogram compliance
- Reduced labor costs
- Improved sales and margins
- Improved customer experience
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