Retail
Decrease your shrinkage:
The percentage of loss of products between manufacture and point of sale is referred to as shrinkage. The average shrink percentage in the retail industry is about 2% of sales. While that may sound low, shrinkage costs the Australia retail industry anywhere between two and four billion dollars a year, these costs then inevitably flow on to the wider community through increase product prices. One of the major challenges the industry is facing is shrinkage incurred by retail crime.
Monitor cashiers and customers at the point of sale with AxxonSoft intelligent video.
Improve marketing and buyer behaviour analysis:
3VR’ s Video Intelligence Platform™ helps customers in fields including marketing, logistics, merchandising, customer service and retail operations to:
- Add a new level of understanding and accuracy to planning processes and allocate resources more efficiently by integrating analytics such as people counting, dwell time and heat mapping with enterprise data systems
- Evaluate retail space performance across regions based on customer traffic patterns
- Increase the efficiency of staff planning using store traffic reports
- Better serve clients by mapping actual customer behavior against operational data
- Create loyalty programs by combining point of sale (POS) data with facial recognition
- Align merchandise placement and promotions with real customer behaviors
- Intelligently monitor the effectiveness of marketing displays and advertisements