Today, I’m proud to share Simbe’s new capabilities to accommodate the unique needs of wholesale and warehouse retail, the first in the industry. Simbe’s Store Intelligence™ solution for large retail environments is now available to the wider market, following a successful, fleet-wide launch with BJ's Wholesale Club (NYSE: BJ) in 2023.
Unlocking Revenue in Wholesale & Warehouse Retail
Large retailers navigate similar inventory management complexities as traditional grocers – at a greater size and scale. High racks, a steady flow of new pallets, and massive store footprints exceed the pace and accuracy of manual audits, which are typically executed by store teams. These challenges squander margin, sales, and profit opportunity, while contributing to member & team attrition, eCommerce inefficiencies, and burdened relationships with brands and suppliers.
Simbe’s platform offers retailers the ability to improve store performance through market-leading product availability and price integrity, which streamline operations, power team productivity & retention, and improve omnichannel shopping.
The solution works in all store areas with unmatched computer vision that reaches 150% farther and higher than any existing solution. After autonomous robot Tally analyzes products and price tags on even the tallest shelves, our comprehensive platform ingests the data to supply business-critical intelligence and insights.
As Jeff Desroches, Executive Vice President, Chief Operations Officer, at BJ’s Wholesale Club said, “Simbe’s powerful insights enable [large format retailers] to continuously improve operations and offer the best possible experience to teams and members.”
Critical Capabilities: Store Intelligence for Large Format Retail
Developed to harness the opportunities within today’s large format retail environment, Simbe’s specific platform capabilities include:
- Supply chain & inventory management: Simbe’s system scans shoppable areas to audit product levels, including upper steel inventory, to suggest item replenishment and re-ordering.
- In-club operations: Virtual store walk and aisle time machine capabilities offer real-time visibility into store conditions. AI-enabled analytics pinpoint fleet trends to improve merchandising, price & promotion execution, on-shelf availability, and compliance with planograms & trade agreements.
- E-commerce fulfillment: Thanks to precise product location tracking, pick paths direct associates to optimal routes for unique online orders, reducing fulfillment times up to 50%.
- Safety & pallet optimization: When analyzing available stock, Simbe’s system selects pallets with products closest to expiration and identifies which pallets are and are not safe to stack.
It is an honor to partner with today’s pioneering retailers like BJ’s to create business-level efficiencies while increasing the satisfaction of shoppers, as well as the club teams who serve them with strategic automation.
More details on Simbe’s Store Intelligence solution for large retail environments may be found here.
