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Sensormatic Solutions’ cloud-based SaaS Shrink Analyzer application uses advanced data engines and visualization tools to aggregate RFID technology to combat shrink and organized retail crime (ORC).
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The brand’s latest AI-driven customer behavior solution provides retailers with analytics and visualization tools that enable results-based improvements and a satisfying customer experience.
Solihull, England, April 11, 2024–(BUSINESS WIRE)–Sensormatic Solutions, Johnson Controls’ world-leading retail solutions portfolio, will unveil its latest innovations at Retail Technology Show (RTS) 2024.
Sensormatic will demonstrate its cloud-based SaaS Shrink Analyzer application and Store Guest Behaviors solution powered by Computer Vision Analytics (CVA). The brand will also introduce new innovations designed to protect products and the environment. Ultimately, we help retailers meet their environmental, social, and governance (ESG) goals while preventing shrinkage. These and other solutions will be on display on stand 6D50.
Cloud-based SaaS shrink analyzer application
The cloud-based SaaS Shrink Analyzer application is a flexible, purpose-built solution that helps retailers develop smarter, more effective loss prevention (LP) programs, reduce out-of-stocks, and enhance store operations. It is a dedicated application that is independent of inventory platforms.
“Shrink Analyzer highlights the ‘what,’ ‘where,’ and ‘when’ of loss events, allowing retailers to be proactive in the fight against organized retail crime (ORC), fraud, and other drivers of shrinkage. “We can take a unique approach,” said Craig Shukrany. He is Vice President and General Manager of Loss Prevention and Liability for Sensormatic Solutions. “This tool ushered in a new era of shrink visibility by using radio frequency identification (RFID) technology and exception-based exit monitoring to provide retailers with unprecedented insight into their operations. ”
Shrink Analyzer acts as an advanced data engine for the connected LP ecosystem, ingesting, aggregating, and analyzing item-level inventory and data from Sensormatic RFID exits to provide clear visibility into in-store losses. Masu. The solution’s cutting-edge analytical capabilities will help retailers combat rising theft and provide LP teams with a clear evidence package to improve prosecution efforts. Shrink Analyzer helps retailers demonstrate the real financial impact of theft, fraud, and other loss drivers and prioritize their response by focusing on strategies that have an immediate impact.
Sensormatic Solutions’ latest LP application uses RFID technology, cloud-based analytics, and electronic product code (EPC) data to:
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Highlight at-risk items and ORC activities. Shrink Analyzer’s analysis helps LP teams differentiate between ORC, mass theft events, and accidental theft events, providing insight into shrink anomalies and evolving patterns and trends.
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Pinpoint vulnerable areas and displays. Shrink Analyzer synthesizes data from across store systems to provide item-level reports that include video evidence of where and when RFID-tagged items are lost. This data helps alert LP teams to security gaps that could leave products at risk.
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Increase productivity for asset protection teams. Shrink Analyzer is designed for use by retailer investigation teams to easily and quickly compile digital evidence of theft events for use in potential prosecutions against ORC Group.
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Optimize other operational areas. By combining EPC exit data with other retail system sources, Shrink Analyzer’s analytical capabilities can help reduce stock-outs and enhance replenishment. The solution also supports exporting data to third-party case management systems to improve workflow efficiency.
Store guest behavior analysis
Store Guest Behaviors, part of Sensormatic Solutions’ computer vision capabilities, uses artificial intelligence ( AI) solution.
Store Guest Behaviors uncovers rich, actionable shopper insights that retailers can use to help drive in-store sales through thoughtful strategy and layout within the retail environment. This is to increase the value of basic traffic analytics programs that use people counting, shopper behavior data, and behavior data to drive operational excellence and improve conversions.
That achievement is possible by understanding:
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Shopper’s path to purchase. Store guest behavior can be measured using a variety of data streams, including zone-level dwell time and movement analytics, to measure the amount of time shoppers engage with displays and products. The solution provides heat maps that highlight shopper behaviors and paths to purchase, allowing retailers to design more effective layouts, floor plans, inventory management practices, and labor models.
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Viewership measurement. Customer behavior helps retailers better understand their customers and what they want. Retailers are equipped with the data they need to leverage their streams of shopper sentiment, demographics, and other relevant data to enable simple and comprehensive A/B testing. This allows you to quantify the value of decisions about product mixes, promotional display placement, planogram design, and assortment strategy.
Store Guest Behaviors powered by CVA allows retailers with a compatible technology stack to take advantage of their existing video infrastructure by leveraging their digital ecosystem using edge appliances. Like most of Sensormatic Solutions’ computer vision applications, this new solution is realized through collaboration with Intel and Lenovo and is optimized for retail using Sensormatic Solutions’ unique suite of connected, results-based solutions. I am.
Want to learn more about the latest innovations from Sensormatic Solutions? Visit RTS stand 6D50 at London Olympia on 24th and 25th April 2024. To request a meeting or visit to a Sensormatic Retail Experience Center near you, visit the Sensormatic Solutions schedule page.
About Johnson Controls:
At Johnson Controls (NYSE:JCI), we transform the way people live, work, learn and play. As a global leader in smart, healthy and sustainable buildings, our mission is to reimagine building performance for people, places and the planet.
Building on a proud history of nearly 140 years of innovation, we provide a blueprint for the future for industries such as healthcare, schools, data centers, airports, stadiums, and manufacturing through our comprehensive digital offering, OpenBlue.
Today, Johnson Controls has a global team of 100,000 professionals in more than 150 countries and the world’s largest portfolio of building technology and software, as well as service solutions from the industry’s most trusted companies. It offers.
For more information, visit www.johnsoncontrols.com and follow @Johnson Controls on social platforms.
About Sensormatic Solutions:
Sensormatic Solutions is Johnson Controls’ world-leading retail solutions portfolio that powers operational excellence at scale and enables engagement with smart, connected shoppers.
Sensormatic IQ, our intelligent digital operating platform, combines the complete Sensormatic solution portfolio with third-party data, AI and machine learning to deliver unparalleled insights into shopper experience, inventory intelligence, loss prevention and operational efficiency. combined with advanced technologies such as This allows retailers to act on results based on prescriptive and predictive data and move into the future with confidence.
Visit Sensormatic Solutions or follow us on LinkedIn. Xand our YouTube channel.
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