Foreign minutes is G Store's Troy Sidewick to share his tried and true tips on tech for the world's smartest stores.
Speaker ATroy Many retailers are looking at tech like RFID and inventory management software to be more agile as they encounter more and more market uncertainty with what tech is critical for stores to have right now.
Speaker BIt's not just about knowing what's in stock, it's about being able to move fast when things change in the store.
Speaker BSo the smartest stores are using RFID in their inventory systems as a foundation, but then they're layering on tech on top of that that helps them react faster.
Speaker BSo think about visibility, exception based workflows, predictive alerts.
Speaker BSo not just dashboards that are kind of collecting dust, but stuff that really actions the store associates and the people that work in the stores, what to do, telling them what to do.
Speaker BAnd for retailers that have some of this technology, but the older version, like the handheld RFID readers, that's perfect.
Speaker BSo keep that and you can build on that with the overhead systems and the newer tech, the handhelds still come into play and still have a purpose.
Speaker BSo the overhead readers we're deploying now eliminate the manual work and give stores and the associates time back.
Speaker BSo it's not replacing the people, it's helping them focus on what drives sales and engagement with the customers.
Speaker BAnd not counting socks in the back of the store.
Speaker CWhat if you're a mass retailer though, that might have some items that are RFID tag, but not all of them.
Speaker CWhat tech or what solutions do you put in place if that's the scenario.
Speaker BAnd that's most of them, I think there aren't 100% or many aren't even 50% RFID tag.
Speaker BSo it's just a playbook that has to be considered where you have overhead RFID for the fast moving apparel type of items.
Speaker BYou keep your handheld scanning systems for other RFID that aren't as conducive for overhead.
Speaker BAnd, and then now we're seeing a lot of piloting around computer vision and that's where this is going to go.
Speaker BSo cameras, looking at things, you know, and figuring out what your stock is combined with RFID and then combined with older school solutions like handheld readers and POS data, all that combined for those big stores will be the answer in the future.
Speaker AWell, I love that older school solutions.
Speaker AAll right, so if I'm a retail executive listening right now, Troy, and, and I want to, and I'm bought in on this whole smart store idea, what does a smart store pilot look like and how long does it take to get a pilot up and running?
Speaker BYeah, so it wasn't always this way and we weren't always this good, but we've become pretty good at moving fast.
Speaker BSo a typical pilot takes 60 to 90 days to kick from time you kick it off until getting insights from that pilot.
Speaker BSo, you know, there's plugging in things and there's installing things, but it's not about plugging in sensors and waiting.
Speaker BIt's kind of like live fire testing with the store associates.
Speaker BSo does it reduce the BOPIS misses or the skips in the BOPIS process or does it help associates find products faster to help the customer?
Speaker BAre we saving labor and focusing on what's really important for sales?
Speaker BSo, you know, a lot of pilots are tech showcases.
Speaker BThat's what you'll see when you go to customers and clients.
Speaker BThat's not what these should be.
Speaker BThey should be behavior changing labs where we change how the associates act with the customers in the store.
Speaker BAnd then they'll want this tech.
Speaker BIf it's working, they'll want it and they'll ask for it after the pilot's done.
Speaker CSo where is the smart store tech kind of heading?
Speaker CTroy, what do we think we'll see after some of those deployments?
Speaker CDeployments have been done.
Speaker CThose pilots have been done.
Speaker CWhere?
Speaker CWhere?
Speaker CWhat is the art of the possible here?
Speaker BSo I think it's, it's kind of like the.
Speaker BI mean I've seen this in retail for a long time, this word, but I think we're really there in the orchestration era.
Speaker BSo.
Speaker BSo all these things, all these devices, the stuff we just talked about playing together, the magic is when they're all working together.
Speaker BSo planogram compliance, automated replenishment from back of the house to the front of the house, Bopus triggers.
Speaker BSo it's not just merchandise, it's not just inventory.
Speaker BIt's like merchandising, staffing, fulfillment, shrink the store.
Speaker BTech becomes like a central nervous system so that these retailers and most importantly their associates can help the customers and help sales.
Speaker BSo it's really all the orchestration around all this tech coming together.
Speaker CAwesome.
Speaker CThanks, Troy.
Speaker AThank you, Troy.