Following a productive pilot program, Keasbey, New Jersey-based Wakefern Food Corp. is expanding Simbe’s business intelligence solution, Tally, into additional ShopRite stores to optimize inventory management.
Over the past several months, Wakefern vetted Simbe’s platform in more than 20 stores to ensure that the technology solution integrated into their environments. They were able to use Simbe’s insights to reduce out-of-stock rates, maximizing inventory availability and exceed industry standards.
Wakefern began integrating Simbe’s business intelligence solution, powered by Tally, to drive inventory optimization and help retail associates do more customer-facing work.
Tally is the first and most advanced inventory robot that scans shelves using AI to identify out-of-stock, misplaced or mispriced products, as well as generate product location data for inventory replenishment.
“Tally has proven to be the ideal shelf-intelligence solution for our members as it’s been able to roll right into our technology ecosystem, sending real-time shelf condition data directly to retail associates’ handheld devices,” said Charles J. McWeeney, VP of technology, innovation and strategy.
“With timely, consistent and accurate product data from Tally, our in-store mobile application presents a prioritized aisle by aisle inventory worklist to the store associates, ensuring they invest their time in the most meaningful and valuable services for our customers.”
According to Simbe, Tally’s AI-powered platform detects out-of-stock items at more than 99 percent accuracy and frees up dozens of hours per week for store teams.
Tally roams stores multiple times per day, requires just one day to set up and achieves ROI within 60 days, the company said.
“With our business intelligence solution, Wakefern has real-time visibility into shelf health at a frequency and fidelity that cannot be found anywhere else on the market,” said Brad Bogolea, co-founder and CEO of Simbe.
“This consistent access to deep, precise insights has empowered Wakefern and its members’ store teams to further improve the exceptional shopping experience their customers expect by keeping shelves fully stocked. We look forward to continuing to enhance the experience for store teams and shoppers alike.”
In July, Simbe announced a Series B raise of $28 million, led by Eclipse. This latest investment will help Simbe meet growing demand for its proven solution among innovative retailers like Wakefern, SpartanNash and BJ’s Wholesale Club.
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