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Real-time intelligence from any cooler, anywhere - Trax Retail · Trax Smart Cooler is an...

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Intellectual Property Information © 2016 Trax Image Recognition. All Rights Reserved. This document is Trax public information. Real-time intelligence from any cooler, anywhere From beer to bottled water, and bars to convenience stores, customers are willing to pay a premium for chilled products, especially for immediate consumption. Coolers play a critical role in generating margins for manufacturers and retailers. However, widespread distribution and inefficient audit mechanisms are common roadblocks to monitoring and managing these premium in-store assets. Trax Smart Cooler is an innovative Internet of Things (IoT) solution that continuously monitors cooler execution from two door- mounted digital cameras and an in-store 3G or Wi-Fi enabled Trax terminal. Powered by Trax’s gold standard, proprietary image recognition technology, Trax Smart Cooler gives you a real-time understanding of in-store conditions every time the cooler door is opened. With intraday, real-time intelligence, you can monitor out-of-stock levels, purity and merchandizing compliance anytime anywhere, including premium venues or game days and special events. By knowing what shoppers are buying and when, you can gauge their reactions to promotions, pricing and new products. How we are different: Real-time data and analytics every time the cooler door is opened, without an actual visit to the store In-Store Execution: Maximise sales by leveraging real-time automated alerts on in-store issues sent to sales reps, merchandisers, telesales reps and store owners Ensure full utilization of shelf space with custom dashboards to monitor cooler location effectiveness, planogram compliance, purity and shelf share Accelerate brand activation by tracking display execution, price compliance and new products launches Uplift asset management efficiency by tracking asset location, temperature and power consumption Market Research: Increase distribution effectiveness with robust cooler analytics on OOS trends and peak periods, down to specific intra-day time intervals Optimize pricing and promotional strategies through new shopper insights on cooler usage, impulse purchases, seasonality effects and more Understand execution performance with aggregated data for comparative analysis across stores, chains, regions, states and countries Leaders in computer vision for retail Our breakthrough image recognition algorithms and deep learning platform is purpose-built for retail Real-time and scalable Our reporting platform sends alerts and dashboards on cooler issues in real-time to key people in your retail ecosystem Low TCO and ease of use Simpler to install and maintain than other internet-enabled coolers, and available in retro-fit and factory-assembled variants Trax global clients
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Page 1: Real-time intelligence from any cooler, anywhere - Trax Retail · Trax Smart Cooler is an innovative Internet of Things (IoT) solution that continuously monitors cooler execution

Intellectual Property Information © 2016 Trax Image Recognition. All Rights Reserved. This document is Trax public information.

Real-time intelligence from any cooler, anywhere

From beer to bottled water, and bars to convenience stores, customers are willing to pay a premium for chilled products, especially for immediate consumption. Coolers play a critical role in generating margins for manufacturers and retailers. However, widespread distribution and inefficient audit mechanisms are common roadblocks to monitoring and managing

these premium in-store assets.Trax Smart Cooler is an innovative Internet of Things (IoT) solution that continuously monitors cooler execution from two door-mounted digital cameras and an in-store 3G or Wi-Fi enabled Trax terminal. Powered by Trax’s gold standard, proprietary image recognition technology, Trax Smart Cooler gives you a real-time understanding of

in-store conditions every time the cooler door is opened. With intraday, real-time intelligence, you can monitor out-of-stock levels, purity and merchandizing compliance anytime anywhere, including premium venues or game days and special events. By knowing what shoppers are buying and when, you can gauge their reactions to promotions, pricing and new products.

How we are different:

Real-time data and analytics every time the cooler door is opened, without an actual visit to the store

In-Store Execution: Maximise sales by leveraging real-time automated alerts on

in-store issues sent to sales reps, merchandisers, telesales reps and store owners

Ensure full utilization of shelf space with custom dashboards to monitor cooler location effectiveness, planogram compliance, purity and shelf share

Accelerate brand activation by tracking display execution, price compliance and new products launches

Uplift asset management efficiency by tracking asset location, temperature and power consumption

Market Research: Increase distribution effectiveness with robust cooler analytics on OOS trends and peak periods, down to specific intra-day time intervals

Optimize pricing and promotional strategies through new shopper insights on cooler usage, impulse purchases, seasonality effects and more

Understand execution performance with aggregated data for comparative analysis across stores, chains, regions, states and countries

Leaders in computer vision for retailOur breakthrough image recognition algorithms and deep learning platform is purpose-built for retail

Real-time and scalableOur reporting platform sends alerts and dashboards on cooler issues in real-time to key people in your retail ecosystem

Low TCO and ease of useSimpler to install and maintain than other internet-enabled coolers, and available in retro-fit and factory-assembled variants

Trax global clients

Page 2: Real-time intelligence from any cooler, anywhere - Trax Retail · Trax Smart Cooler is an innovative Internet of Things (IoT) solution that continuously monitors cooler execution

[email protected] www.traxretail.com

Intellectual Property Information © 2016 Trax Image Recognition. All Rights Reserved. This document is Trax public information. By providing this document, Trax is not making any representations regarding the correctness or completeness of its contents and reserves the right to alter this document at any time without notice. Trax and the Trax logo are trademarks of Trax and/or its affiliates. Third party trademarks mentioned are the property of their respective owners.

How it works:

Cooler-mounted cameras are activated by the opening and closing of the cooler door, and capture images at preset intervals

The images are screened for obstructions, such as a person’s hand reaching into the cooler and the best images are selected

The images are then uploaded to the Trax Cloud for analysis via an in-store 3G or Wi-Fi enabled Trax terminal

Reports are accessible online to business teams and call centers and results can be integrated into any CRM, ERP or custom databases

Breakthrough innovation, proven resultsClient GoalsAs one of the largest beer companies in the world, this brewer needed to understand the availability patterns of its most popular beer brands and SKUs within coolers at its retail customer outlets.

But with its conventional store audit methods, getting an aggregated view of cooler traffic across stores was almost impossible.

Trax Smart Cooler InsightsThe brewer implemented Trax Smart Cooler to observe the availability patterns across a key store segment over three months.

Identified a specific SKU that was most frequently out of shelf, in some weeks as high as 86% of the time.

Determined that in one store, this product was missing from the cooler by 6pm on more than 5 days a week.

Client Benefits

• Identify and plug availability gaps in real-time

• Track and optimise non-performing coolers

• Leverage data insights to increase cooler profits

TopField of view/coverage

Top camera 1

Bottom camera 2Front

Side

Cooler Highlights:

Door activated cameras means you see what every shopper sees in real-time

3G GPS cooler tracking

Cooler temperature monitoring

Bluetooth connectivity to enable customer interaction at the point of sale

Cooler power management to schedule power saving mode when the cooler is idle

100%

80%

60%

40%

20%

0%Week 1 Week 2 Week 3 Week 4 Week 5 Week 6 Week 7 Week 8 Week 8 Week 10

SKU 4SKU 5

Out-of-Stock Variation of 2 Power SKUs

Number of days in a weekwhen SKU 4 was out-of-stock at store 1

1

2

3

4

5

6

7

10:00 am 12 noon 2.00 pm 4.00 pm 6.00 pm

5.25 days a week

Out-of-stock

Product versions: Retrofit (Add-on) – is a Smart Cooler kit that can be added to any existing cooler

Embedded – is a Smart Cooler kit that is factory-assembled as part of the cooler


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