Retail Software Development
Developing end-to-end retail software solutions that provide increased operational efficiency, empowered consumer experience and product demand forecasting.
Harnessing the power of emerging technologies to develop innovative retail software
- 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 with IoT cameras
- Identify best sites to open, close, expand or reduce stores based on strategic goals without a reduction in the sales of existing store
- Using reviews data and surveys, identify sentiment for the whole customer base
- Identify the most effective product to offer to each customer and influence their purchasing decisions based on 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
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
Our Retail Software Development Services
Custom Retail Solutions
We build custom retail software, tailored to specific business requirements. Our team also provides retail consulting services and identify the right technology that can drive growth to your retail business.
We provide end-to-end eCommerce solution development services that increase customer engagement, provide advanced analytics for decision-making and includes seamless payment options.
Smart Inventory Management
We develop intelligent inventory management software using AI and IoT that tracks available items in inventory and predicts the demand for a specific unit based on the customers’ behavior.
Our developers can develop AI-based voice assistants for retail stores that help customers at self-checkouts, trial rooms and shelves get information about products they want to buy.
IoT enabled Asset Management
We develop IoT-enabled security cameras that help in managing assets present in the retail store. It monitors and tracks products available in the store and notifies owners if somebody tries to steal any item from shelves.
Customer Engagement System
We build customer engagement system for retail businesses that fetches data from multiple sources using AI and delivers a personalized experience to customers.
We are a System Integrator for Retail Companies
Point of Sale Software
Point of Sale Software is integrated to automate the capturing of sales and financial transactions of a retail business.
Customer Loyalty Software
Customer Loyalty Software helps retail companies strengthen their relationships with customers by providing customers with freebies or discount offers on achieving sales targets.
Space Management Software
Space management software is used by retail stores to manage product placements efficiently in their stores.
Customer Experience Software
Customer Experience Software is used to gather, organize and track both positive and negative feedback.
How do we implement AI in 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.
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.
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.
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.
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
Intelligent Freight Tracking System: Realtime Visibility of trucks using AI and IoT
iTrackFreight allows end to end tracking solutions to ease the process of freight pickup and delivery. The platform will enable shippers, drivers, carriers and brokers to have accurate visibility. The platform uses predictive analytics based on various internal and external factors and determines more real-time ETA. A combination of web portals, administrator management systems, driver apps and 3rd party data makes iTrackFreight System flexible for use.
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Once you let us know your requirement, our Retail Software Development expert will schedule a call and discuss your idea in detail post sign of an NDA.
All information will be kept confidential.