Retail is constantly changing, with high employee turnover, a constant stream of new products with changing availability, and a lot of stores to manage. Because of these challenges, retailers need to continuously identify today’s opportunities and be on the lookout for tomorrow’s new ones. Support for continuous improvement allows pattern matching to constantly look for known issues, letting the retailer “set it and forget it.” Retailers are then able to find new, unknown patterns through pattern recognition, allowing for the continuous improvement and providing value to every area of the retail business. Patterns that “tell a story” are used to identify and resolve areas such as inventory distortion, on-shelf availability, shrink/waste/damage, or process compliance.
