GreyOrange, a specialist in AI-driven achievement automation, says it has achieved a “breakthrough in retail stock accuracy” with its “revolutionary, end-to-end” retailer execution and omnichannel retail administration resolution, gStore.
With the power to mix knowledge from RFID overhead techniques with a real-time retailer operations platform, retailers can now serve extra clients quicker primarily based on 99 p.c stock accuracy and site precision inside three to 5 ft.
Akash Gupta, co-founder and CEO, GreyOrange, says: “RFID know-how has matured past point-in-time capabilities, which historically provided round 90 p.c stock accuracy with out location precision.”
Leveraging cutting-edge, real-time overhead RFID know-how, gStore considerably boosts stock accuracy to an unprecedented 99 p.c with location precision of 3-5 ft whereas concurrently doubling workforce productiveness.
The result’s an immersive and frictionless in-store expertise that captivates clients.
The gStore platform not solely empowers retailers to revolutionize their retailer operations but additionally manages real-time replenishment and conducts clever workforce tasking, all concurrently.
Already making waves within the US, gStore has been efficiently deployed at a number of famend trend giants.
These retail leaders are harnessing gStore to uphold their sustainability commitments, successfully lowering overstock and stockouts.
The platform proves instrumental in streamlining retailer operations, providing digital workers coaching, and fostering data-driven decision-making.
The tangible affect of gStore is evidenced by spectacular outcomes achieved by a few of the world’s largest retailers – a forty five p.c enchancment in productiveness, a 5 p.c surge in gross sales, and a 60 p.c enhance in every day buyer help.
Furthermore, gStore provides custom-made capabilities for a mixture of each overhead and handheld RFID gadgets. It helps high-volume and high-revenue-generating shops with overhead, whereas lower-volume shops can profit from handheld gadgets.
It additionally enriches the shopper expertise by good becoming rooms that includes digital mirrors and seamless checkout capabilities.
Pareiya Gupta, head of gStore – product and GTM, GreyOrange, says: “The gStore app offers real-time insights to merchandisers, the company workplace, and management, serving to them plan exact methods to drive most income.
“Merchandisers can now see try-to-buy ratios, top-performing classes, and colours, amongst different issues, all in actual time. This helps them decide the optimum placement of assortments on mannequins, shows, and cabinets.
“The unified pricing and promotion perform additional assists in setting the appropriate techniques for the community of shops, all deliberate centrally.”