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  March 9th, 2024 | Written by

Revolutionizing Retail: GreyOrange’s gStore Reshapes Inventory Management Landscape

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GreyOrange, a trailblazer in AI-driven fulfillment automation, has garnered accolades once again in the latest Gartner® Market Guide for Retail Store Inventory Management Applications, 2023. Recognized as a Representative Vendor, GreyOrange’s gStore platform stands out for its prowess in empowering retailers with a suite of cutting-edge solutions for inventory management, omnichannel fulfillment, and merchandising insights.

At the core of gStore’s capabilities lies its ability to significantly enhance inventory accuracy, reaching an impressive 99%, while ensuring precise location tracking within three to five feet. Leveraging AI-based intelligence, the platform enables retailers to seamlessly integrate real-time inventory feeds from various sources, including RFID systems and planogram-based management. This integration facilitates the automatic generation and assignment of optimal tasks, layouts, promotions, processes, and analytics.

Gartner’s report emphasizes the pivotal role of AI in enabling retailers to access real-time inventory data effectively. Additionally, it recommends that CIOs prioritize investments in solutions with native cloud capabilities and an upgrade path to store IoT integrations, while actively seeking and implementing AI use cases for inventory optimization.

gStore’s omnichannel fulfillment capabilities redefine the retail landscape by providing operational data and workflow guidance for streamlined processes like buy online, pickup in-store (BOPIS), and ship-from-store (SFS) transactions. Furthermore, the platform enriches the shopping experience through innovative features such as smart fitting rooms equipped with digital mirrors and seamless checkout capabilities.

Akash Gupta, Co-Founder and CEO of GreyOrange, expresses gratitude for the recognition, citing it as validation for their commitment to revolutionizing omnichannel inventory management through real-time data utilization. He highlights gStore’s role in empowering store associates to deliver exceptional customer experiences while optimizing operations for sustainable growth.

Customer success stories underscore the tangible benefits of gStore, with businesses witnessing a 45% improvement in productivity, a 5% surge in sales, and a remarkable 60% increase in daily customer assistance.

In an era of escalating consumer demands, global retailers turn to innovative solutions like gStore to gain a competitive edge. GreyOrange’s commitment to reshaping the retail landscape through advanced inventory management solutions underscores its significance in driving industry-wide transformation.

As retailers navigate the evolving retail landscape, GreyOrange’s gStore emerges as a beacon of innovation, empowering businesses to thrive in the dynamic world of omnichannel retailing.