Retail store audits is a common process used to assess the price and product compliance in FMCG & CPG industry. Store audits usually answer questions like:
• Are products being displayed in the correct location in the store?
• Do the products displayed on shelves have mandatory SKUs, and are there any foreign products?
• Is the pricing of products and promotions in line with the company guidelines?
Generally, field surveyors conduct regular audits by observing the store and interacting with the staff. This is time-consuming and prone to error and corruption. Therefore, it is significant to find a way to make the whole process more objective.
By using computer vision, we can create models to detect products, their corresponding prices, location in-store, and compare them with requirements stored in a database. This makes the whole process more objective as it no longer relies on human observation alone. This capability can be served by utilizing a power app which can be used by the field surveyors to do the surveys as well as the managers to view the results.
If you are looking for a way to digitally transform your store operations through artificial intelligence and computer vision, reach out to us today and we will be happy to help you.