Aapya Solutions utilizes computer vision AI technology to enhance inventory management by addressing Out of Stock Situations (OOS) and improving On Shelf Availability (OSA) for retailers. Their platform provides real-time monitoring and analytics, ensuring that products are consistently available and optimizing stock levels to boost profitability.
Funding
Funding not disclosed
Founders
Product
Problem
Retailers, especially convenience stores and liquor stores, face challenges in maintaining optimal inventory levels, leading to out-of-stock situations, overstocking, and potential revenue loss due to pilferage. Manual inventory audits are labor-intensive and time-consuming, hindering efficient stock replenishment and informed decision-making.
Solution
Aapya Solutions offers Vision37, a computer vision and AI-powered platform that provides real-time inventory intelligence to address out-of-stock (OOS) and on-shelf availability (OSA) issues. The system uses low-profile, high-resolution cameras to monitor shelves 24/7, identifying missing or misplaced products with high accuracy. This enables retailers to receive real-time alerts, optimize stock levels, reduce labor costs associated with manual audits, and improve the overall shopper experience. The platform's data analytics provide actionable insights for informed stocking decisions, helping retailers maximize sales and customer satisfaction.
Target Audience
The primary target audience includes convenience stores, grocers, liquor stores, and other retail outlets seeking to improve inventory management, reduce stockouts, and enhance profitability.
Features
- Real-time monitoring of shelves using computer vision and AI
- Out-of-stock (OOS) detection and prediction for each SKU
- Planogram compliance monitoring
- UPC database of over 135,000 wine, spirits, and beer products
- Customizable camera modules and lenses to suit different retail environments
- SKU and location-based analytics
- Web dashboard for retailers, distributors, and third-party delivery platforms displaying KPIs such as OSA, revenue loss, and replenishment time
- Mobile alerts for missing or misplaced products
- Reporting on planogram compliance and brand performance