Supermarket Perimeter - February 2024 - 70

Technology
Inventory
management
By Andy Nelson
TO SAVE COSTS AND REDUCE WASTE, grocery retailers and their
supplier partners continue to upgrade their inventory management
software. Cutting-edge AI, camera vision and other technologies are
making those solutions better than ever.
In 2023, Invafresh announced new partnerships with retailers
including Winco and Price Chopper/Market 32 to improve their
inventory management systems.
All are going well, said Stephen Midgley, Invafresh's vice president of
marketing.
With Invafresh's inventory management software, he said, Invafresh's
customers have seen a 50% reduction in turnaround time for financial
reporting, a 50% reduction of number counting errors, and a 25%
reduction in time to complete in-store fresh inventory counts.
" Our customers continue to experience positive momentum by
using our AI-enhanced Fresh Retail Platform to optimize their fresh
retail operations to increase revenue, reduce waste, and improve the
allocation of labor resources to deliver a fresh shopping experience to
their shoppers. "
Partnering with Invafresh, Price Chopper has been able to prevent 20
tons of fresh food from going to waste each week, he said.
Another Invafresh client, Federated Co-op, has experienced double
digit revenue growth in their cut fruit and vegetable program by using
Invafresh.
And Invafresh has helped Albertsons with improved production
accuracy across their 2200+ stores. Invafresh's goal, Midgley said, is to
help its customers have the " right inventory at the right time. "
Invafresh's
customers enjoy
a 50% reduction in
number counting
errors.

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Supermarket Perimeter - February 2024

Table of Contents for the Digital Edition of Supermarket Perimeter - February 2024

Supermarket Perimeter - February 2024 - Intro
Supermarket Perimeter - February 2024 - 1
Supermarket Perimeter - February 2024 - 2
Supermarket Perimeter - February 2024 - 3
Supermarket Perimeter - February 2024 - 4
Supermarket Perimeter - February 2024 - 5
Supermarket Perimeter - February 2024 - 6
Supermarket Perimeter - February 2024 - 7
Supermarket Perimeter - February 2024 - 8
Supermarket Perimeter - February 2024 - 9
Supermarket Perimeter - February 2024 - 10
Supermarket Perimeter - February 2024 - 11
Supermarket Perimeter - February 2024 - 12
Supermarket Perimeter - February 2024 - 13
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Supermarket Perimeter - February 2024 - 15
Supermarket Perimeter - February 2024 - 16
Supermarket Perimeter - February 2024 - 17
Supermarket Perimeter - February 2024 - 18
Supermarket Perimeter - February 2024 - 19
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