Availability
- Availability
Full Shelves
Happy Shoppers
The number one reason shoppers leave a store without buying is out-of-stock items, with >30% going to a competitor store. By using Focal Shelf AI to monitor shelves and optimize replenishment, retailers are able to increase availability by 2-5%, reduce out-of-stock duration by 4-24 hours, and boost sales.
Never Miss An Out-Of-Stock
Focal’s Shelf AI scans 200 million products per day so clients know exactly which are in stock versus out versus low in near real time and with >95% accuracy. On average, Focal’s cameras identify nearly one million out-of-stock events each day in client stores – all without a single store worker needing to walk an aisle or scan a shelf.
Optimize Restocking
Not all out-of-stocks are equally costly. Fast movers, high profit, promo items, and online orders are all more important to keep on shelves than slower-moving items. Focal prioritizes each workable out or low and assigns it for replenishment based on retailer prioritization via Focal’s Action Tool, grouping tasks by location to minimize wasted movement in the store and in the warehouse.
Smarter Ordering
Stores invest millions of dollars and hundreds of hours implementing computer-generated-ordering (CGO) systems to reduce inventory costs while increasing availability, only to feed those systems faulty data. As a result, a typical store still has hundreds of items that remain out of stock for multiple days in a row due to late ordering or under-ordering while carrying excess items over-ordered because of missing stock records. Focal feeds measurably more accurate data into your CGO system, making 100,000 corrections per day. Additionally, Focal produces a “persistent out” report for the ordering team to increase order volumes or frequency – or correct supply chain issues.
Smarter Planograms
Your planogram is only as good as the data that feeds it, and Focal makes it much smarter by feeding more accurate data on “chronic outs” (items going out of stock multiple times per day) and “never outs” (items rarely selling out) so that facings can be adjusted to maximize the productivity of every shelf.
Don’t Sell An Out-Of-Stock
Every day, stores disappoint customers by selling items online that aren’t available in store. Focal connects your ecommerce system to real world shelves in near-realtime so you can avoid selling products not on-hand and so you can prioritize shelf replenishment if they are.
