Every product has a home.
If it’s not where it should be, it’s a sale—
and possibly, customer—lost.
Modern retailers are massive.
At times, with hundreds of thousands of SKUs under one roof.
Making sure each SKU is where it should be, so customers can easily find them, is a tall order. Relying on people—and trusting the mistakes will be minimal—is putting a lot of eggs into an already broken basket.
Tally creates a map of the store and every product inside. Then, it continually monitors that map to track changes over time.
When a product is out of place, Tally will spot it and give the team a priority alert to put it back where it belongs.
When a shelf is empty, Tally knows if there are other locations where the product can be found and can recommend moving some inventory to the empty spot.
For stores and third parties that offer delivery, knowing what is actually in the store is critical. Disappointed customers are expensive. Time is wasted and sales are lost trying to find alternatives when something is missing.
“You know how much you shipped to the store, and how much went out the front end, so why do you have out of stock? Well, it assumes a perfect world.”
VP of IT infrastructure, Schnuck Markets
Nobody likes talking about theft, but it's real. Together with your point-of-sale system, Tally knows which products left the stores at the register and which left by some other means. Tally can point out the locations or products that are repeat offenders giving you the chance to do something about it.
To mitigate the risk of poor inventory practices, retailers hold extra stock to cover sell-outs. Over $24.2 billion dollars are tied up in safety stocks at any given time across the industry, costing companies millions each year. Tally tells retailers what they have and how quickly it moves, decreasing the need for so much capital investment in safety stock.