Technology - Virtual Roundtable

Your stores made it this far, what’s next? How to optimize on-shelf availability using AI

3rd September 2020 | 1:30pm ET
How are you ensuring optimal on shelf availability in your day-to-day operations and in times of disruption?

As retailers start building transition plans to get back to the “new normal,” the challenges of ensuring optimal on shelf availability in your day-to-day operations are abundant. Planogram compliance is typically less than 50% making it difficult to know where inventory is. Typical out of stock rate is 8 to 15% and 8% of online orders are cancelled due to an inability to find inventory that exists in the store. These pain points are made worse during times of disruption.

With state-of-the-art capabilities in artificial intelligence, operations managers can now evaluate more information at once, thereby improving the quality of their decisions and allowing them to prioritize more elegantly in real time. AI is the driving force behind improving assortments and planogram creation to increase on-shelf availability and sales, detect and prevent out of stocks to increase sales, and dramatically improve the customer experience. So, how do you get there?

Together, we’ll explore the pandemic and its disruption, managing OOS rates and shelf health as well as building more resilient forecasts and assortment plans while creating a digital feedback loop between stores and corporate.

Discussion Topics

AI and assortment optimization
AI and shelf health
AI and forecasting

Your Host

Thought Leader
Collin Mechler Retail and Supply Chain Industry Principal E, Element AI
Collin heads Supply Chain, Retail, and Manufacturing Industry Strategy for Element AI, an AI technology and… Find out more
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About Element AI

Element AI develops AI-powered solutions and services that help people and machines work smarter, together. Founded in 2016 by serial entrepreneurs including JF Gagné and A.M.Turing Award recipient, Yoshua Bengio, PhD, Element AI turns cutting-edge fundamental research into software solutions… Find out more
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