Development of a Smart Retail Management System Using IoT Technology
International Journal of Mechanical Engineering · 2023
The retail industry has undergone a rapid transformation in recent years with the integration of IoT (Internet of Things) technology.IoT technology allows retailers to gain insights into customer behavior, optimize inventory management, and improve the overall shopping experience.This paper presents the development of a smart retail management system using IoT technology.The proposed system is designed to improve the efficiency and effectiveness of retail operations.The system consists of various IoT devices such as RFID readers, sensors, and cameras that collect data on customer behavior, inventory levels, and store conditions.The data collected is analyzed using machine learning algorithms to provide retailers with valuable insights into customer behavior, demand trends, and inventory levels.These insights can be used to optimize store operations, improve inventory management, and provide a better shopping experience for customers.The system also includes a mobile application that enables customers to access information about products, promotions, and discounts.The application uses beacon technology to provide personalized offers to customers based on their location and purchase history.Additionally, the system includes a dashboard for store managers that provides real-time data on inventory levels, sales trends, and customer traffic.The proposed system has the potential to revolutionize the retail industry by providing retailers with valuable insights into customer behavior and optimizing store operations.The system is scalable and can be easily adapted to meet the needs of different types of retail stores.Overall, this paper demonstrates the potential of IoT technology in the retail industry and provides a roadmap for the development of smart retail management systems.