In 2023, U.S. retail losses from inventory shrink will hit $142 billion, a 25% increase from the previous year, due to theft, damage, and inaccuracies. Retailers, stressing on strategic investments like automation and data verification, aim to mitigate this growing challenge.

Uvionix's real-time automated stock verification technology revolutionizes inventory management by offering precise, cost-effective, and continuously updated data, surpassing the limitations of traditional perpetual inventory systems.

Perpetual inventory systems offer real-time stock updates and improved accuracy, but their reliance on manual data entry can lead to errors and discrepancies, negating their benefits. Advanced technologies like Uvionix’s autonomous inventory audits address these limitations by automating data verification, enhancing the systems' effectiveness and overall inventory management efficiency.

Data verification is essential in inventory management for ensuring accuracy, critical for making informed decisions and maintaining efficiency in warehousing, manufacturing, and retail. Accurate data supports data-driven insights, crucial for optimizing inventory, reducing costs, and improving customer satisfaction, thus giving businesses a competitive edge in a dynamic market.

Warehouse and inventory automation, leveraging AI and robotics, significantly enhances efficiency, accuracy, and cost-effectiveness, leading to improved business outcomes and customer satisfaction.

Autonomous drones, with advanced scanning and data collection capabilities, are transforming inventory management by replacing manual cycle and physical counts, enhancing efficiency, accuracy, and safety in stock audits and supply chain operations.