Beyond the Yellow Label: Transforming Retail Operations with Smart Technology
Tom Coe, VP of Growth at Retail Insights, shares how data-driven solutions can tackle the perennial challenges of retail operations while empowering store colleagues to deliver better customer service
• Retail Insight provides in-store operations analytics software for over 50,000 stores globally
• The complexity of modern retail operations creates compliance challenges as colleagues juggle multiple responsibilities
• Process execution suffers when labour models are tight and colleagues are overwhelmed with competing priorities
• Date checking for fresh products exemplifies a mundane but critical process where poor execution leads to waste and financial loss
• Smart systems can track inventory expiration dates and direct colleagues to check only specific items requiring attention
• Data collected provides valuable analytics for head office teams to improve forecasting, ranging, and supply chain decisions
• Successful AI implementation in retail requires balancing technological sophistication with practical simplicity
• Data quality is essential for any effective retail technology solution
• Future applications include democratizing analytics through conversational AI and enhancing root cause analysis
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