GreyOrange’s gStore platform has recently been recognized by Gartner® in their latest Market Guide for Retail Store Inventory Management Applications, 2023. Named as a Representative Vendor, GreyOrange continues to lead the way in AI-driven fulfillment automation, reshaping the landscape of inventory management in the retail industry.
The gStore platform offers a range of advanced solutions for retailers, focusing on inventory management, omnichannel fulfillment, and merchandising insights. One of its key strengths lies in enhancing inventory accuracy up to an impressive 99%, with precise location tracking within three to five feet. By leveraging AI technology, gStore enables retailers to seamlessly merge real-time inventory information from various sources like RFID systems and planogram-based management, allowing for automated task generation, optimal layouts, promotions, processes, and analytics.
According to Gartner’s report, AI plays a crucial role in providing retailers with real-time inventory data, highlighting the importance of investing in cloud-native solutions with the potential for IoT integrations and AI applications for inventory optimization. gStore’s omnichannel fulfillment capabilities set it apart by streamlining processes such as buy online, pickup in-store (BOPIS), and ship-from-store (SFS) transactions, ultimately enhancing the overall shopping experience with innovative features like smart fitting rooms and seamless checkout options.
Akash Gupta, Co-Founder, and CEO of GreyOrange, expressed his gratitude for the recognition, emphasizing gStore’s contribution to improving customer experiences, increasing productivity, and driving sales growth for businesses. With gStore, retailers have reported a 45% boost in productivity, a 5% rise in sales, and a notable 60% increase in daily customer assistance.
In a competitive retail landscape driven by evolving consumer demands, solutions like gStore play a pivotal role in helping global retailers gain a competitive edge. GreyOrange’s dedication to revolutionizing inventory management through cutting-edge solutions underscores its significance in transforming the retail industry, empowering businesses to thrive in the dynamic world of omnichannel retailing.
