Envelope provides an AI-powered platform that uses computer vision and cameras to monitor on-shelf availability in supermarkets, eliminating manual audits. Their EnRetail product helps retailers and FMCG companies reduce out-of-stock situations and improve employee productivity by automatically sharing shelf data with stakeholders.
Funding
$513.1K 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.
Founders
Product
Problem
Retailers and FMCG companies face challenges in maintaining optimal on-shelf availability, often relying on manual audits that are labor-intensive, time-consuming, and prone to inaccuracies. This can lead to out-of-stock situations, reduced sales, decreased employee productivity, and diminished customer satisfaction.
Solution
Envelope's enRetail platform leverages computer vision and existing IP camera infrastructure to provide automated, real-time on-shelf availability tracking, auditing, and reporting. The platform analyzes camera feeds using machine learning algorithms to monitor stock levels, detect out-of-stock situations, and generate restocking alerts. By automating shelf monitoring, enRetail enables retailers to optimize inventory management, improve employee productivity, reduce stockouts, and enhance the overall customer experience. The platform integrates seamlessly with existing camera systems, minimizing setup costs and maximizing return on investment.
Target Audience
The primary target audience includes retail stores, supermarkets, and Fast-Moving Consumer Goods (FMCG) companies seeking to improve on-shelf availability, optimize inventory management, and increase employee productivity.
Features
- Real-time on-shelf availability (OSA) monitoring using existing IP cameras
- Automated tracking, auditing, and reporting of product stock levels
- AI-powered detection of out-of-stock (OOS) situations
- Customizable restocking alerts to notify staff when products need replenishment
- Integration with central warehouse systems for timely deliveries
- Staffing needs confirmation based on replenishment rates
- Reporting and analytics dashboard for data-driven decision-making
- GDPR compliance with anonymization of personal identifiable information