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Bottom of Basket for Grocery Stores - Leverege

The Leverege Bottom of Basket solution enables grocery stores to automatically detects items in the bottom of shopping carts to alert cashiers and ensure that all items are paid for, reducing shrinkage and improving the bottom line.

By: Leverege

Last Updated: May 20, 2024

Availability by Region:

Worldwide
Leverege Logo

Bottom of Basket for Grocery Stores - Leverege

The Leverege Bottom of Basket solution enables grocery stores to automatically detects items in the bottom of shopping carts to alert cashiers and ensure that all items are paid for, reducing shrinkage and improving the bottom line.

By: Leverege

Last Updated: May 20, 2024

Availability by Region:

Worldwide

Enhancing Retail Accuracy: Tackling Bottom of Basket Losses in Grocery Stores

In the highly competitive grocery sector, where profit margins are notoriously tight and shrinkage rates hover around 3-4%—significantly higher than in non-grocery retail sectors—the need to address inventory loss is more critical than ever. A notable contributor to this shrinkage is items that are unintentionally left at the bottom of the basket in grocery stores, not scanned, and hence not paid for at checkout.

The Leverege Bottom of Basket solution stands as a direct countermeasure to this challenge, employing advanced detection technology to alert cashiers to the presence of overlooked items at the bottom of grocery carts. This ensures that all items are scanned and paid for, seamlessly integrating into the checkout process with a non-intrusive approach to effectively reduce shrinkage.

By targeting the overlooked bottom of the basket issue, this solution not only aids in reclaiming revenue that would otherwise be missed but also significantly enhances inventory management accuracy. The reduction in shrinkage directly translates to healthier profit margins for grocery stores, freeing up resources to enhance customer service and the overall shopping experience. The adoption of this innovative technology smooths out the checkout process, increasing customer satisfaction and fostering loyalty.

The Leverege Bottom of Basket solution offers grocery stores a smart, efficient strategy to tackle a common yet often underestimated problem. Its deployment marks a progressive step in leveraging technology to protect revenues and bolster the operational and financial health of grocery stores, emphasizing the critical role of addressing bottom of the basket challenges in the retail environment.

Benefits

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Reliably Identify Items in Carts at Checkout

Automatically Detect Items in the Bottom of the Cart: AI-powered cameras reliably detect items, meaning less human error and less shrinkage.

Alert Cashiers Only When Necessary: Reduce alert fatigue by only alerting cashiers when there’s an item in the bottom of a cart. Integration with the POS also means you can ensure the items in the bottom of the cart get scanned before proceeding.

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Reduce Shrinkage & Improve the Bottom Line

Ensure All Items Are Paid For: Whether intentional or unintentional, stop customers from walking out without paying for the items in the bottom of their cart to reduce shrinkage and increase profits.

Get Insight to Inform Improvements: Compare across different lanes, times of day, and stores to detect patterns and target process improvements that improve the bottom line.

More Details

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Retail IoT Solutions Powered by Enterprise-Grade & Future-Proof IoT Stack

Building everything from scratch means slower time-to-market, increased costs, and greater risk. Leverege's highly flexible cloud-native software stack accelerates the development, deployment, and management of your retail IoT solution while reducing the costs and overhead of ongoing management.

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Deploy Retail IoT Solutions Your Way

You don't need to sacrifice customizability to get speed and scalability, you can have all three. The Leverege IoT Stack enables you to flexibly deploy your retail IoT solution based on the needs of your business and the use case.

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An Intelligence-First Approach to Retail IoT Solutions

Enhance your decision-making processes by utilizing enterprise AI/ML pipelines for predictive analysis and optimizing workflows. Simplify the management of alerts, analytics, and events using a no-code rules engine. Without any coding, design custom dashboards and data visualizations, and convert sensor data into actionable insights using a dynamic application builder, thus refining your operations.

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Inherently Secure Retail Solutions

Every Leverege solution meets the utmost security standards, consistently subjected to external audits and penetration tests to guarantee adherence to current regulations. Leverege integrate security at every phase of the development and deployment process for IoT applications created using the Leverege IoT Stack.

About Leverege

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Proven physical operations intelligence solutions (IoT+AI) for large enterprises

Leverege is a physical operations intelligence company, empowering large enterprises to deploy proven IoT+AI solutions built on a highly configurable software stack so you can minimize risk, accelerate time-to-value, and tailor solutions to your specific business needs.

Company Size

1-50

Founded

2014

Locations

Rockville Maryland, USA

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