As you walk down the aisles of a supermarket or department store, the digital display advertisements tailored to your previous shopping history. When store managers want to offer special prices, they don’t need to replace printed sales stickers. Instead, they update the digital display in real-time. This vision for future spending is becoming a reality today. Thanks to the Internet of Things, retail has changed radically in recent years. It has come up with new ideas about customer psychology and enhanced the work experience by offering innovative work methods.
RFID (radio frequency identification) tags are becoming increasingly popular in many industries. RFID tags can not only help employees to organize goods according to the display system but also can notify them at the right time when the goods run out so that the shelves are not empty. The use of such labels results in reduced inventory time and costs. Another undoubted benefit is the ability to track possible theft without compromising expensive security services and surveillance cameras. With smart shelves, retailers can check inventory and see when products are running out. Smart Shelves technology can also alert retailers to theft.
96% of retailers plan to tag clothing with RFID.
RFID can increase inventory accuracy by up to 95 percent or better.
There is no need to order and carry out a physical census in a warehouse. A shelf or rack network can transmit product inventory data as it changes according to shop owners, managers, employees, buyers, warehouse workers, or manufacturers. Provides remote access to information about a shop or shelf, allowing visibility of stock status, crossed and oversold products Minimizes lost sales opportunities.
How Smart Shelves Work ?
The retail shelf is equipped with a weight sensor, proximity sensor, 3D camera, microphone, RFID tag, NFC, electronic printed sign, LED sensor, optical sensor, IoT sensor, etc. To monitor shelf availability. When a customer selects an item from the shelves, the product level is low. Smart Shelves sends refill notifications to shop staff/owners on their connected mobile devices. The StoreKeeper replenished with supplies.
Wrapping up
Smart Shelves is a new technology that is rapidly being adopted by manufacturers, retailers, and consumers. The integration of IoT software solutions will accelerate the development of Smart Shelves technology and enable its application in supermarkets or shops. Going forward, retail stores are expected to integrate several devices to find products that are smarter than before, such as RFID tags, 3D cameras, LED displays, inventory management applications, and others. Many stores are starting to understand the benefits a smart shelves management system has to offer. It is used not only to manage purchase history but also to measure market trends and customer preferences. In the future, multiple technologies will converge, making the retail experience very enjoyable for consumers and profitable for retailers.