Smart Retail Solution for Next-Gen Phygital Shopping Experience

Smart retail technologies address several critical challenges faced by retailers today:
Shopping Cart Abandonment:

• Problem: Customers often abandon their carts due to long wait times at checkout or frustration with the billing process.
• Solution: Smart self-checkout systems (self-billing kiosks) for the checkout process

Long Billing Wait Lines:

• Problem: Traditional checkout methods can lead to long queues. This may happen due to individual product scanning and billing of items that require billing as per their weight. Also, traditional billing systems with glitches and poor connectivity may slow down the billing process.
• Solution: Smarter retail checkouts with AI-based weighted billing, objected detection for super-fast billing.

In-Store Traffic Analytics:

• Problem: Retailers often lack insights into in-store customer behavior and traffic patterns.
• Solution: Smart retail solutions utilize computer vision technology to analyze foot traffic. These solutions provide valuable data on peak shopping times and customer movement patterns. Such solutions can help retailers make significant improvements to their store layouts, employee timings, etc. enabling better inventory management and store layout optimization.

Managing Billing during peak hours/seasons:

• Problem: High customer volumes during peak hours can overwhelm retailers and create chaos.
• Solution: Automated self-checkout systems and smart kiosks can mitigate peak-hour billing chaos by handling increased customer flow.

Stock Replenishments:

• Problem: After sales retailers need to restock items and they find it difficult to keep a record of best-selling or least-selling items.
• Solution: POS billing that takes care of stock replenishment automatically. It has inbuilt features for inventory tracking, expiry management and automated reorders based on best and least-selling items or sales forecasting.

The self-checkout system by VasyERP is a smart retail technology that represents the future of billing systems turning billing counters into powerhouses of shopper checkout convenience. Integrated with multiple payment systems, mobile-based barcode scanning, and self-kiosk display screens, they eliminate the need for cashiers or billing counters. Customers who enter the stores can select the products they want to buy, and then open the VasyERP mobile app to scan the barcodes to add these items to the shopping cart.

Customers can then check out the card by either paying online (multiple payment systems are integrated into the app) or paying the cash at counters. This way shoppers can buy, pay, and leave the store without wasting any time on billing counters. It saves time for customers as well as retailers. Regular shoppers who have loyalty points can also redeem them to pay only the remaining amount.

A Smart Trolley is a cutting-edge shopping cart that uses advanced technology, such as a built-in tablet. These intelligent trolleys are equipped with tablets that can effortlessly scan the barcodes of the items they place in the cart. The tablet in the Smart Trolley is integrated with POS software that can be used to pay for items in the trolley. The smart trolley's payment feature has options such as credit cards, mobile wallets, or other digital payment methods.

Retailers like supermarkets, hypermarkets, department stores, grocery stores, convenience stores, fashion stores, shopping malls, garment stores, etc. can also implement smart retail solutions. These solutions are scalable and therefore can accommodate multiple retail stores, or retail store chains. These solutions can not only take care of billing with self-checkouts or automated billing systems but also come integrated with CRM, inventory management systems, and omnichannel ecommerce.

AI-based weight integration in retail involves using advanced sensors and algorithms to accurately weigh items during the checkout process. The system calculates the price based on the weight of the items kept on a smart weigh scale that is integrated with the POS system.

Object detection in the context of AI-based weight integration refers to the technology that identifies and verifies products as they are weighed. For example, suppose you keep a Cauliflower, Cabbage or Orange. In that case, the object detection system can identify the product, calculate its weight, and bill according to the prices that the item has currently.