Retail Software Development

The retail industry faces extreme pressure due to the increased expectations of their high-value consumers and the need to have accurate inventory prediction. They aim to deliver goods on time and at the consumer’s convenient location while providing operational efficiency. Harness the power of AI and ML to deliver consumer-driven services.

Travel Software Development Work

AI and Retail

The empowered consumer is more informed and connected and expect from retailers to understand their fast-changing shopping habits. Therefore, retailers need to identify opportunities for reducing costs, improving operational efficiencies and providing a frictionless customer experience. AI has the potential to leverage your data about customers to understand how customers’ needs have emerged with time and how your organization can adjust to a growing marketplace.
Retail software Development Efficiency

Operational Efficiency

  • Reduce time to deliver the shipment 
  • Anticipate staffing levels to fulfill orders and provide better customer service
  • Monitor store foot traffic to predict staff resources required for any specific trading day
  • Find best sites to open, close, expand or reduce stores on the basis of strategic goals without a reduction in the sales of existing store
Empowered Consumer

Empowered Consumer

  • Using reviews data and surveys, identify sentiment for the whole customer base
  • Find the most effective product to offer to each customer and influence their purchasing decisions on the basis of historical data
  • Evaluate the value of the conversion across all digital channels to understand that digital marketing spend is being used in the right direction
  • Identify the number of days to next order with previous purchase history  
Retail software development Services

Product Assortment and Supply

  • Identify the best promotion technique and the best SKUs to obtain targeted volume or revenue
  • Identify the probability of return for every item bought through all digital channels
  • Identify the level of future demand with a range of historical data sources
  • Identify optimal price points based on multiple factors, including item, sub-category, location and product affinity
Retail software development Company

“25% of manufacturers will innovate their service execution by implementing AI in automated decision-making and self-healing assets by 2022.”

International Data Corporation
Retail software development Company

AI Use Cases for Retail

Ai-driven retailers take advantage of every opportunity to utilize data for analyzing customer behavior and shopping habits across multiple channels. Identifying customer behavior helps align the promotions, personalized interactions and the right product assortment. 

Predict User behavior

Customer Behavior

Using Machine Learning, Retailers can identify critical changes in customers’ behavior. They can predict incremental spend potential from existing customers when shopping online, in-store or via a mobile device. Analyzing customer’s purchase history, retailers can come up with attractive offers and predict which customers are at risk of churn. 

Retail Supply Chain development

Supply Chain

Determining what type of products and how much product inventory they need to have on hand is one of the biggest challenges faced by retailers. Machine learning and AI can help retailers enhance their ability to identify consumer demand for goods.

Retail Operational Efficiencies

Operational Efficiencies

Using AI and Machine Learning, retailers can get insights about the sales revenue that can help them decide where to open new stores and how to predict the right amount of staffing resources required to run the store environment and retail distribution efficiently. 

Retail Product Assortment

Product Assortment

Retailers use AI and Machine Learning models to identify what products should be stored in which store, what items are being returned frequently and what items to be replaced with new products. We help retailers gather all these insights that can boost their revenue and drive more customers to their business

Our Success Story

Retail Software Development Work

Troubleshooting Refrigerator App For Engineers
Troubleshooting Refrigerator App For Engineers

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Retail Client Feedback

LeewayHertz was flexible in adding smaller features along the way. We found something that might be useful to add to the app, and they responded and acted quickly. Their process worked well.
Pia Seeberger

Siemens

O'Reilly Auto Parts | Testimonial Mobile App Development

Retail Client Feedback

Leewayhertz knows its craft and the teams are experts at iPhone and Android app development. They’re highly focused and they delivered what they proposed.
James Unwin

O'Reilly Auto Parts

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