Close
Shrinkage in retail is a significant issue, with losses from theft, mislabeling, and fraud costing retailers billions. The challenge is particularly pronounced in the 'in-between' stage, where products can go missing between distribution centers and stores. To combat this, retailers are leveraging AI and advanced technologies to enhance visibility and tracking of inventory.
The 2023 Retail Security Survey revealed a staggering $112 billion in losses due to shrink, prompting retailers to adopt innovative solutions like RFID and AI. These technologies not only help in tracking products but also in preventing fraud and identifying suspicious behaviors. By integrating AI with existing systems, retailers can create a more secure and efficient supply chain.
• AI enhances tracking of lost or stolen inventory in retail.
• RFID technology helps prevent returns fraud and identify suspicious behavior.
AI is utilized in retail to analyze data and improve inventory tracking.
RFID is becoming more accessible for retailers to monitor inventory in real-time.
EPCs allow retailers to track products throughout the supply chain effectively.
Appriss Retail's technologies help retailers reduce shrink and improve inventory management.
OneRail's insights into shipping challenges help retailers address shrinkage effectively.
Business Insider 15month
Isomorphic Labs, the AI drug discovery platform that was spun out of Google's DeepMind in 2021, has raised external capital for the first time. The $600
How to level up your teaching with AI. Discover how to use clones and GPTs in your classroom—personalized AI teaching is the future.
Trump's Third Term? AI already knows how this can be done. A study shows how OpenAI, Grok, DeepSeek & Google outline ways to dismantle U.S. democracy.
Sam Altman today revealed that OpenAI will release an open weight artificial intelligence model in the coming months. "We are excited to release a powerful new open-weight language model with reasoning in the coming months," Altman wrote on X.
Log in
Sign Up
AI Tools - Popular
AI Tools - Categories
GPTs - Categories
AI for Jobs
Key AI Highlights in this Article
Key AI Terms Mentioned in this Article
Companies Mentioned in this Article
