Shelflation Retail Technology Corp. Developing an Innovative Solution for Inventory Management

VANCOUVER, British Columbia - June 15, 2023 - PRLog -- Since the onset of the pandemic, businesses have encountered numerous challenges, particularly with supply chain delays that have impacted stock rotation. These delays have brought significant changes to the stock rotation process. Longer delivery times have affected the limited shelf life of products in retail stores, resulting in substantial financial losses. Inventory counting is a complex task, often requiring either closing the store for a day or requiring staff to work outside of operational hours. Moreover, manual inventory counts are prone to errors, which can lead to subsequent issues. The latest research from the National Zero Waste research reveals that over 2.3 million tonnes of goods are wasted annually, costing Canadians more than $21 billion. Apart from the economic costs, this product waste has significant environmental impacts.

The Shelflation team is diligently working on developing an innovative mobile application with an intuitive interface. The application will allow retailers to ensure timely product rotation and sales in accordance with best before/expiry dates. It will streamline the inventory organization process to mitigate stock loss due to expiration or obsolescence, reducing additional labour and inventory waste. Retailers will utilize the Shelflation mobile app to manage their stock, benefiting from real-time notifications and updates, making comprehensive on-hand inventory management effortless. Staying well-informed about one's own stock should be the motto for multi-channel businesses, making our mobile application their silent yet efficient on-hand inventory helper.

About Shelflation Retail Technology Corp.: Shelflation mobile application is a comprehensive solution for retail stores to reduce overall inventory shrinkage by improving the stock rotation process. (https://shelflation.pro/)