ADVIN provides a goods availability control system for retail shelves using discreet sensor overlays that measure product weight and temperature, transmitting data wirelessly to a cloud server. This technology addresses the issue of out-of-stock items by notifying staff when replenishment is needed, thereby increasing on-shelf availability and sales.
Funding
$70K raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
USFounders
Product
Problem
Retailers often struggle with maintaining optimal on-shelf availability (OSA) due to stockouts, resulting in lost sales and customer dissatisfaction. Inefficient monitoring of product levels and delays in replenishment contribute to this problem, particularly for key items. Human error in ordering and stocking processes accounts for a significant portion of out-of-stock situations.
Solution
ADVIN provides a smart shelf system that monitors product levels in real-time using discreet sensor overlays placed beneath products on retail shelves. These overlays measure product weight and temperature, transmitting data wirelessly to a cloud server. The system analyzes this data to predict when products need replenishment and alerts store personnel via a mobile application. This enables proactive restocking, minimizes stockouts, and ensures products are available when customers want to buy them. The system integrates with existing ERP/CRM systems to streamline inventory management and improve overall supply chain efficiency.
Target Audience
The primary target audience includes retail chains, distribution warehouses, product manufacturers, and merchandising agencies seeking to improve on-shelf availability, reduce stockouts, and optimize inventory management.
Features
- Sensor overlays with integrated weight and temperature sensors for precise product monitoring
- Wireless data transmission to a secure cloud server
- Real-time inventory tracking and low-stock alerts via mobile app
- Customizable dashboards for analyzing key performance indicators (KPIs) related to on-shelf availability
- Integration with existing ERP/CRM systems via API
- Predictive analytics for forecasting demand and optimizing replenishment schedules
- Support for various shelving types, including standard shelves, refrigerators, and displays
- Option for GSM connectivity in locations without reliable internet access