Published March 7, 2023 | Version v1
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Retail Optimization - Loss Prevention with Tech, Training Associates with Technology, Easy of Check out Amazon Just Walk Out

Description

The integration of technology, especially in loss prevention, employee training, and checkout processes, has significantly advanced retail optimization. This paper discusses some new technological solutions that are intended for improving loss prevention strategies related to retail environments, considering in particular automated surveillance, data analytics, and AI-powered detection systems. Additionally, technology use in associate training is reviewed, highlighting the benefits associated with interactive tools and virtual training modules that improve engagement and employee skill development. Finally, the paper looks into ease of checkout, particularly the "Just Walk Out" technology by Amazon, where customers can buy products without necessarily going through checkout. The paper concludes by analyzing how these technologies contribute to shrinkage reduction, operational efficiency, and an improved customer experience.

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