Overview
What is Wasteless?
Wasteless is an AI-powered dynamic pricing solution designed to assist supermarkets and online grocery stores in reducing food waste and increasing profitability. According to the vendor, Wasteless is suitable for businesses of all sizes, from small independent retailers to large chain stores. Wasteless...
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Product Details
- About
- Tech Details
What is Wasteless?
Wasteless is an AI-powered dynamic pricing solution designed to assist supermarkets and online grocery stores in reducing food waste and increasing profitability. According to the vendor, Wasteless is suitable for businesses of all sizes, from small independent retailers to large chain stores. Wasteless is utilized by a range of professionals and industries, including supermarket owners and managers, grocery store operators, retail executives, supply chain managers, and food industry professionals.
Customer-Centric AI: According to the vendor, Wasteless utilizes AI technology to create a customer-centric pricing engine that learns and adapts to customers' buying habits and preferences. By understanding customer behavior, Wasteless aims to optimize pricing strategies and product offerings to increase sales and minimize waste.
Increase Revenues: The vendor claims that Wasteless helps retailers increase their revenues by matching product offerings with real-time demand. By dynamically adjusting prices based on expiration dates and customer demand, retailers can aim to sell more perishable products before they expire.
Increase Margins: According to the vendor, Wasteless provides retailers with a data-driven approach to pricing, aiming to sell products at the optimal price-point, reducing the need for excessive markdowns and minimizing shrinkage. The vendor suggests that Wasteless can help retailers increase their net margins and improve profitability.
Improve Freshness: The vendor states that Wasteless aims to help retailers improve product freshness by optimizing product rotation and shelf space productivity. By selling products before they expire, retailers can aim to ensure that customers are purchasing the freshest items available.
Reduce Food Waste: According to the vendor, Wasteless aims to help retailers reduce food waste by ensuring that products are sold before they expire and go to waste. The dynamic pricing system incentivizes shoppers to purchase products with approaching expiration dates, aiming to reduce the amount of unsold perishable items.
Wasteless Technical Details
| Deployment Types | Software as a Service (SaaS), Cloud, or Web-Based |
|---|---|
| Operating Systems | Unspecified |
