Altierre Corp. today expanded its line of wireless products with the introduction of the Out-of-Stock Sensor Solution, which alerts retailers when it's time to re-stock inventory on shelves.
"Out-of-stocks cost more than $6 billion in lost sales in just the top 25 categories at the U.S. grocery store chains alone, and it's due to inefficient and insufficient shelf monitoring," said Altierre chairman and CEO of Sunit Saxena. "Our Out-of-Stock Sensors are wireless tags that send an alert when products are no longer detected, notifying managers that it's time to re-stock. The system continuously monitors shelves 24/7, which is virtually impossible to do manually."
This gives retail chains the ability to monitor, quantify and manage down the lost sales from out-of-stocks across the chain.
The Out-of-Stock Sensor Solution is currently deployed in Altierre's Retail Technology Center, which comprises more than 25,000 square feet at the San Jose headquarters.
