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Retail Insight Unveils Predictive AI Capabilities To Help Grocery Retailers Reduce Food Waste And Recapture Margin
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ESM Magazine
Retail Insight, the AI-powered retail operations platform, trusted by the world’s leading retailers, today announced new breakthroughs in machine learning algorithms that enable retailers to improve profitability on food products likely to end up being wasted.
An enhancement to its WasteInsight platform, the Predictive Waste feature proactively manages waste risk in store, improving sell-through and sustainability.
ADVERTISEMENTThe Predictive Waste SolutionWith the Predictive Waste solution, staff receive predictive markdown prompts up to a week before expiration.
With Predictive Waste, assortment optimisation can happen in near real time, driven directly from the shelf.
ADVERTISEMENTThe Predictive Waste solution is part of a continued investment into Retail Insight’s AI-powered retail operations platform, which today processes 15% of the world’s grocery data across more than 68,000 stores across the world.