Invent Analytics has launched the Phantom Stock mobile app to empower retailers to optimize inventory accuracy. The app leverages artificial intelligence (AI) to detect discrepancies between inventory data and physical inventory in stores, helping retailers reduce lost sales and boost customer satisfaction.
The Phantom Stock app runs on any smartphone. Using AI and machine learning algorithms, the app analyzes a retailer’s demand forecasts, sales data and inventory data to predict and identify inventory inaccuracies.
The app generates weekly alerts for individual store locations, listing suspected phantom inventory issues at the SKU level. The app also quantifies how much sales will increase by resolving the issues.