Quote in Forbes Council Post: How Today’s Retailers Leverage Data To Optimize Inventory Management

by | Aug 23, 2024 | Publications

 
 
 
 

14. Analyze In-Store Product Movement

Product movement analytics can be very useful. The path items take through the store—from the delivery truck to the front door after a sale—could tell retailers a lot. The data collected could show retailers where customers spend their time, what customers cross-shop for and even how decisions are made. This data would aid in valuing shelf space, building more effective planograms and even reducing shrink.

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Author: WebDevRobert

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Innovative Technology Professional, working on IT/OT Convergence & Security, in the foundry industry. Website Designer/Developer since the mid 1990’s. Apple, Linux and Network Administrator since the late 1990’s. Background includes several years of IT/OT and IIoT Administration, Communications Infrastructure Design and Project Management. Currently the VP of Technology for Oil City Iron Works, Inc., in Corsicana, TX.
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