Retailers have started adopting IoT solutions and using IoT embedded systems across a number of applications that improve store operations, increasing purchases, reducing theft, enabling inventory management, and enhancing the consumer’s shopping experience.
Using Spiridon Smart Retail IoT solutions, physical retailers can compete against online competitors more aggressively by aggregating real time consumer data and effectively positioning existing inventory accordingly. Retailers are thus given the ability to more efficiently profile their customer base. Spiridon Smart Retail Solutions have a dramatic impact on buyer behavior through smart product management and shelf space management. Each assists in improving inventory turns and creating automatic restocking orders, ultimately reducing supply shortages and overbuying of less popular inventory.