Supermarket Perimeter - June 2022 - 16

SpartanNash platform
helps retailers source
specialty foods
that doesn't account for inventory on hand. Grocers may have data
sitting in different systems that don't connect and, as a result, stores
tread a fine line between overstocking, which could increase their
shrink, and stockouts, which could drive shoppers across the street to
the competition.
Shelf Engine, McCord said, revolutionizes these manual and errorGrand
Rapids, Mich.-based SpartanNash has inked
a deal that will make it easier for the company to
supply its retailer customers with specialty foods.
SpartanNash and Specialty Food Partners' (SFP)
new online platform, SpartanNash SpecialtyDirect,
delivers enhanced offerings and empowers
SpartanNash's 2,100 independent grocer
customers to seamlessly browse thousands of newly
available product options, place orders and pay
consolidated invoices, according to SpartanNash.
SpartanNash worked with SFP to update
the back-end system to ensure a seamless
technology solution, including proper invoice
flow, easy ordering and clearly communicated
deliveries. SpartanNash SpecialtyDirect makes
SpartanNash-supported independent grocery
customers more competitive by increasing
access to the specialty, seasonal and local items
to tailor their product assortment to meet their
shoppers' appetites.Artificial intelligence and
machine learning models predict exactly how
much highly perishable product you need to order
to meet customer demand and maximize sales.
prone processes. The company's artificial intelligence and machine
learning models predict exactly how much highly perishable product
retailers need to order to meet customer demand and maximize sales.
By taking on the burden of forecasting and automated purchase orders,
Shelf Engine deliver what shoppers want from retailers.
The company's technology makes a million predictions a week about
consumer demand for products. In 2021, it automated 437,000 orders
for its customers.
" Our technology helps ensure grocers fill the shelves with the
right product at the right time, guaranteeing the freshest foods for
consumers, " McCord said. " It also helps free up labor to engage
with their customers and better merchandise their products. And as
shoppers grow increasingly concerned about the food waste crisis, they
respond positively to retailers doing their part to keep products out of
landfills. "
Shelf Engine's technology has changed the game for grocery
retailers. McCord said. In fact, the company is so confident in its ability
to accurately forecast sales of perishable products, it offers a risk-free
guarantee of its outcomes.
" If a product doesn't sell, we don't charge the retailer for it, " he said.
" We're pioneers in a new category - Results-as-a-Service. We handle
all the forecasting and ordering ourselves. We take it off the plate of
the people in store who used to handle this so they have more time to
enhance the customer experience. "
Shelf Engine invoices customers for the results it achieves instead of
a set monthly fee in perpetuity. McCord said the company is able to get
better outcomes because Shelf Engine's incentives are fully aligned with
its retail customers.
16 - JUNE 2022
supermarketperimeter.com
SHELF ENGINE, INVAFRESH
http://www.supermarketperimeter.com
Supermarket Perimeter - June 2022

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