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Intelligent Shelf Compliance Solution: Blueprint

Executive Summary
How do you make sure all your packaged goods are available on shelves and in the right locations? Planogram and promotional display models show where products should be placed for maximum sales, but verifying that products on shelves match planograms is a very laborious, time consuming and expensive process and consequently, is not performed frequently.
Automating this task, the shelf compliance solution harnesses the latest digital image recognition technology to ensure product placement on store shelves fits planogram models. The solution enables retailers to minimize inventory distortion, defined as the absolute value of the sum of out-of-stocks and overstocks, which ultimately increases sales revenue by reducing lost sales (out-of-stock) and minimizing seasonal discounting (overstocks).