RELEX Introduces AI-powered Predictive Inventory Capabilities

October 7, 2024 RELEX

Retailers face multiple inventory concerns, from inventory drift to phantom inventory. Phantom inventory is a major challenge and occurs when inventory systems show items as available that are not actually on hand. This situation can result from multiple issues, such as incorrect scanning during goods receipt, theft, weighing errors by consumers, and misplaced or missing items not being accurately tracked.