Are You Losing Profits to Under-Ringing? MarketSight Has the Answer
Have you ever reviewed your micro market sales reports and found discrepancies that you simply couldn’t explain? You’re not alone. Every day, operators face shrinkage — a quiet, but costly drain on profits. One of the most elusive forms of shrinkage is “under-ringing,” where customers seemingly scan their items but actually skip some intentionally or accidentally.
Under-ringing can silently erode your bottom line, leading to significant revenue loss over time. Until recently, combating this issue meant relying heavily on guesswork or extensive manual review of security footage. But what if there was a smarter, easier way?
365 Retail Markets has launched MarketSight, an innovative, AI-powered solution designed specifically to tackle the under-ringing challenge head-on. MarketSight works seamlessly by automatically counting items passing through the scanning area and instantly comparing this count with the number of items scanned into the cart.
If MarketSight identifies a mismatch, it immediately alerts the shopper in real-time, prompting them to scan any overlooked items. This gentle nudge not only helps honest customers correct genuine mistakes but also deters intentional theft—all without disrupting the convenient, frictionless checkout experience that customers value.
Real-Time Alerts, Real-World Results
Imagine this: A customer quickly grabs a snack, a drink, and a sandwich but unintentionally scans only two items. MarketSight instantly flags the missed item, allowing the customer to quickly correct their oversight right at checkout. Problem solved—no loss, no awkward follow-ups, no guesswork.
For operators, if the shopper doesn’t resolve the mismatch, MarketSight logs the incident automatically in the back-end software, enabling quick, informed follow-ups without extensive manual review.
A Trusted Tool for Expanding Your Business
Boris Amegadjie, Chief Product Officer at 365 Retail Markets, sums it up perfectly: “Theft has always been a perceived concern for food service operators since the introduction of micro markets. 365’s approach addresses those concerns in an innovative way, adding one more tool to their loss prevention toolkit. With MarketSight, we’re giving our operators better insight, security, and peace of mind.”
Moreover, MarketSight’s compact and sleek camera arm integrates easily with existing MM6 Mini kiosks. Installation is quick and hassle-free, whether you’re retrofitting an existing unit or incorporating MarketSight into a new setup. Its unobtrusive design ensures customers have full visibility of the checkout screen, maintaining a seamless shopping experience.
Take Action to Protect Your Profits Today
Shrinkage shouldn’t be an unavoidable cost of doing business. MarketSight empowers you with proactive loss prevention, giving you the confidence to expand into previously unmonitored locations, knowing that your revenue remains secure.
Ready to see MarketSight in action and protect your profits from under-ringing? Connect with us to learn more about integrating this innovative tool into your micro market today.
