Measurability is key to improvement in today’s retail landscape. Many companies still use manual audits, an inefficient, unreliable process that causes:
- Visibility problems on shelves
- Out-of-stock conditions
- Sales losses
But there’s a way out – the use of retail audit & image recognition solutions, which combine the power of AI with on-the-ground implementation for real-time results.
What is Retail Audit & Image Recognition?
This is a technology-enabled system that uses AI to process images of your products on the shelves and track:
- SKU Availability
- Product Placement
- Planogram Compliance
In other words, it turns visual information about your stores into valuable insights that help make smarter business decisions.
Why Traditional Retail Audits Fail
- Manual data input mistakes
- Long delays in reporting
- Difficulty scaling operations
- Lack of real-time information
It all means taking reactive measures instead of proactively executing retail strategies.
Our Retail Audit & Image Recognition Services
Shelf Images Capturing
Visual records are collected in real time at different stores.
Product Recognition Using AI
Automatically recognize SKUs, their placement, and shelf share.
Planogram Compliance
Assure that all products are displayed according to planograms.
Out-of-Stock Alerts
Be informed about stock shortages before sales suffer.
Competitive Analysis
Monitor your competition in terms of visibility, prices, and shelf presence.
How Our AI Retail Audit Works
Process
Step 1: Capture
Step 2: Analyze
Step 3: Detect
Step 4: Act
- Take photos of shelves from different retail locations
- Analyze data using artificial intelligence technology
- Detect areas that require improvements
- Take action to perform well
👉 Benefits: Correct auditing and timely report generation
Key Benefits
- Real-time visibility on store execution
- Shelf compliance
- Time and effort saved
- Timely decision-making
- Increased sales at retail stores
Industries We Serve
- Consumer packaged goods (FMCG)
- Retail chains
- Consumer electronics
- Lifestyle and personal care products
Case Study / Results
One of the largest FMCG brands in the world partnered with Love In Store in order to address inefficiencies associated with manual audits while creating visibility in retail through image recognition technology.
Challenges Faced:
- Efficiency issues associated with manual audits
- Real-time shelf visibility is not available
- No consistency in compliance within different retail stores
- Cannot monitor competitor activities
Strategic Approach:
1. Introduction of AI
AI to help automate audits using image recognition
SKU level audit and shelf analysis
2. Enhancing Process Efficiency
Enhance process efficiency for manual audit reporting
Process automation
3. Real-time Visibility
Real-time visibility through the introduction of dashboard KPIs
Insight-driven decision making
Execution Scale
- More than 200,000 image audits per month
- Accuracy of 97% in execution tracking
- Large retail network presence in various cities
Business Impact Generated
- MSL Compliance: 64% to 90%
- SOS Shelf Visibility: 22% to 60%
- Visibility with payment: 75% to 90%
- Visibility without payment: 63% to 80%
- Reduced manual audits by 70%
The combination of image recognition technologies in the form of AI and effective ground-level execution can help brands gain real-time insights.
Why Choose Our Retail Audit Solution
- Combination of technology and field execution
- Scalability to various cities and different retail formats
- Accurate identification of products
- Insight generation through dashboards
- Business-oriented approach
How to Implement Retail Image Recognition
- Define audit and visibility goals
- Deploy AI-powered tools
- Train field teams for image capture
- Monitor performance through dashboards
- Continuously optimize execution
FAQs
What does retail image recognition mean?
It means AI technology used to capture shelf images and track products displayed on them.
How does AI retail audit function?
It comprises the capture of store images, use of AI technology for decision-making purposes.
Is AI technology accurate?
This technology has high accuracy when it comes to making decisions based on images captured.
Will AI totally eliminate manual auditing?
No, but manual audits become less frequent due to technology.
Is AI technology relevant in all parts of India?
Yes, it is relevant across multiple geographies.
CTA Section
Optimize your retail execution using AI.