Strategic Business
& Growth Advisory
Services

Our strategic research and consulting deliverable are designed to provide
comprehensive information and strategic insights to our clients enabling
them to achieve business transformation goals.

Consulting

Subscription
Services

Content Strategy
Services

Lorem ipsum dolor sit amet, consectetur adipiscing elit. Ut elit tellus, luctus nec ullamcorper mattis, pulvinar dapibus leo.

Blog & insights

Podcast

TechTalk Series

Our strategic research and consulting deliverable are designed
to provide comprehensive information and strategic insights to
our clients enabling them to achieve business transformation goals.

Blog

The major technology disruptions to look for in 2022 & beyond

Our strategic research and consulting deliverable are designed to provide comprehensive information and strategic insights to our clients enabling them to achieve business transformation goals.

Podcast

TechTalk Series

Our strategic research and consulting deliverable are designed
to provide comprehensive information and strategic insights to
our clients enabling them to achieve business transformation goals.

Competitive Intelligence

Competitive Intelligence

Amazon’s Bezos to Face Unprecedented Protests During India Trip

Promise scholarships cover up to full college tuition for students who’ve attended New Haven Public Schools during some or all of their K-12 years, and the organization also provides scholarship recipients with advice, mentorship, career skill workshops, and connections to paid summer internships in New Haven — many of which are based at Yale.
Strategic Performance Assessment & Ranking

Perfect Store Execution Using Image Recognition

SHARE

Share on facebook
Share on twitter
Share on linkedin
Share on email

Quadrant Knowledge Solutions Market Insights research provides detailed insights on CPG manufacturers are constantly making huge investments in trade marketing and in-store programs to alter consumer buying behavior while they are in the store.

In today’s highly competitive marketplace it has become extremely crucial for retailers to focus on the shopping experience of which product offered in the store is just one part. An effective and efficient store execution strategy not only leads to better customer acquisition but also helps in customer retention.

Ensuring robust data collection at the store level is one of the most critical steps that can lead to near-perfect store execution. Moreover, retail analytics backed by superior data collection methods would help CPG manufacturers to formulate better retail and trade partner strategies. Data collection using Image recognition can prove both time-saving and beneficial for the field sales team of CPG manufacturers. Image recognition is an act of scanning data sets using certain algorithms by looking for certain patterns or correlations. Concerning CPG manufacturers, Image recognition can act as an eye for the backend team which can attain direct visibility into various store formats, and store shelves and can execute plans accordingly.

According to Quadrant Knowledge Solutions “CPG manufacturers have been resolving the issue of in-store visibility by hiring market research companies to carry out thorough store audits and by sending out a vast network of merchandisers or field agents to manually gather on-shelf data by visiting several stores”. Ensuring robust data collection at the store level is one of the most critical steps that can lead to near-perfect store execution. Moreover, retail analytics backed by superior data collection methods would help CPG manufacturers to formulate better retail and trade partner strategies.

 Table of Contents

  • Current Retail Execution Scenario and How Image Recognition can help.
  • Image Recognition in Retail Execution.
  • Insights captured via Image Recognition
  • Factors to acknowledge before IR adoption.
      • Sales data correlation.
      • Store analytics availability.
      • Reduced change management.
  • Final Word

This Market Insights is a part of Quadrant’s Retail Execution Platform practice https://quadrant-solutions.com/market_research/spark-matrix-retail-execution-platform-2022/

Author : Neelam Singh (Practice Director), Ankit Sharma (Analyst) at Quadrant Knowledge Solutions

Quadrant Solutions

Quadrant Solutions

Quadrant Solutions

Quadrant Solutions

Research Page Enquiry