Digital Twin Webinar: Understanding the Retail Analytics Glow-Up
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Leading globally in inventory intelligence, Sensormatic provides loss prevention hardware and software solutions to retailers. Their solutions make connections and bridge gaps across retail enterprises to deliver critical, real-time insights into inventory, shoppers, and more.
RevUnit partnered with Sensormatic on a proof-of-concept (POC) for software that leverages existing hardware in retail stores for visibility around shrink and inventory availability. This project was built on data innovation, new product design/development, and data visualization.
“With Sensormatic’s expertise in loss prevention and RevUnit’s expertise in modern data tools, we will bring a best-in-class solution to retailers looking for a path to true inventory intelligence.”
— Anthony Peralo, Sr. Business Development Manager, Sensormatic
Better inventory availability is on just about every retailer’s roadmap. But getting to true intelligence takes heavy investment in both hardware and software to track inventory accurately. With competitive pressures and the growing need to get valuable data to improve operations, retailers are stuck trying to figure out how to take the first steps towards this critical inventory objective.
Sensormatic and RevUnit created visibility around a next generation “Smarter Exit” solution to surface key inventory and shrink insights to retailers. RevUnit built data infrastructure and designed an application powered by Google Cloud. By leveraging the data gathered by Sensormatic’s pedestals, the team had the ability to structure and model, then serve up inventory insights in an intuitive dashboard.
The new dashboard provided retailers added visibility. RevUnit’s collaboration with the Sensormatic team to enhance and iterate on their software offering to clients helped them stay ahead of competition and provide a modern, more information-centric solution. Client results from the solution achieved reduced inventory variance for clients by 50% and reduced shrink by an average of 22% per store.
“RevUnit’s expertise in modern data tools and visualization helps us continue to bring a best-in-class solution to retailers looking for a path to a more precise capability to manage their inventory.”
– Randy Dunn, Technology Leader - Americas, Sensormatic
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Want to understand how to partner with RevUnit for a better data strategy, product design, or a complete data overhaul? Just like Sensormatic, connect with one of our data experts to ask your most important questions.
