Since the pandemic, businesses have started to face more challenges with supply chain delays and, therefore, stock rotation. The supply chain delays caused a significant change in the stock rotation process. The increased delivery time impacted the limited shelf time in the retail store, consequently leading to large financial losses. Counting inventory is a complex process. It usually requires either closing the store for a day or asking staff to come in outside of operational hours. Besides, manual inventory counts are prone to errors which can cause subsequent issues.
The “Shelflation” team is working on developing an innovative Mobile Application with intuitive interface. Our Application will allow retailers to ensure the product will get rotated in a timely manner and gets sold out in accordance with the best before/ expiry dates. It will create the process of organizing inventory to mitigate the stock loss caused by expiration or obsolescence. It will save the extra labour of the business and the inventory waste business. Retailers will use our Mobile Application to manage the stock. It will surely help the business prevent those mistakes simply because it will notify and update stocks, making whole on-hand inventory management easy.