A Smart Shelf Design for Retail Store Real Time Inventory Management Automation

Abstract

Conventional retail store inventory management systems rely on stockroom actions. However, especially in big scale retail stores, a certain amount of goods is placed on the display shelves. The items placed on the display shelves are not counted until their tags are identified by a cash register and marked as sold in the inventory management system. In this study, we propose a smart shelf that is capable of counting the specific items placed on it by detecting the location and the weight of the items. Our approach assumes that specific items in a retail store are placed in a specified location on each shelf, which is a widely preferred approach. The identified product information is then transferred to the inventory management system through the local network connection, and products on the display shelves can be counted in real time. The results show that the location and weight of the items can be identified with remarkable accuracy.

The Challenges of Inventory Management in Medical Supply Chain

“…Most trendy shops (both offline and online) track and arrange their inventory, supply, and sales using automated inventory management. Retailers may manage inventories in real-time and make time-sensitive business choices thanks to an automated system (Tamer & Koklu, 2021). For instance, if one of the company's goods is nearing the specified reorder threshold and is running low on stock, the inventory management software will alert immediately (Panigrahi et al, 2021).…”

“…Automated inventory should be used with other retail management tools, such as order management and point-of-sale (POS) software. Businesses must keep track of all sales made across all channels to achieve real-time inventory management accuracy (Tamer & Koklu, 2021).…”