Problem
In Retail, Out of Stock Problem: EUR 4 billion in sales are lost every year merely by shoppers "not buying at all" (9 percent) when they encounter stockouts. At any given time, retailers in Europe do not have 8 percent of the products at the right shelf although they have the product. Waste of Food Problem: Approximately 931 million tonnes of food waste was generated in 2019 about 13 percent of which came from retail. UNEP Food Waste Index 2021 In 2018 and 2019, annual supermarket losses averaged 11.4percent for fresh fruit 9.7 percent for vegetables. Supermarkets lose $15 billion annually in only in USA. In Manufacturing: It is estimated that the automotive industry experiences a cost of poor quality ranging from 10 percent to 40 percent of annual sales. It is calculated that if quality control after production costs E10, handling the customer complaints cost E1000 and the recalls cost E10000.
Çözüm
Cognitiwe helps retailers and manufacturers who want to increase their efficiency and customer satisfaction. By using Cognitiwe, they can manage their shelf stocks better and monitor their production quality. This is done by using regular IP cameras and our AI-powered unified vision platform. You may be aware of the production loss in the automotive industry due to material shortages, or you may have felt its effects with the increase in car prices. I am also sure that there have been occasions where your online supermarket order had been delivered incomplete due to out-of-stock products. The next time you order online from a Cognitiwe customer supermarket, like MAF Carrefour UAE, you may be sure that you will receive your bananas because we will alert them before the banana shelves are empty. And for manufacturing, factories can save material by using Cognitiwe to monitor the production quality during production instead of checking at the end of the line. For our customer Fiat, this means saving 40 car doors from being scrapped each time they change a setting.
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