Amazon Go and the evolution of Smart Store
Amazon Go is definitely one of the most exciting retail innovations in recent times. At its Beta stage, it tries to give a No Checkout – Just Walk Out shopping experience (https://www.amazon.com/b?node=16008589011).
The Smart Store concept however is not new. A German Cash
and Carry had implemented a ‘Future Store’ concept in early to mid 2000s.
The evolution:
RFID -> IOT
The story behind the evolution of the Smart store concept is
pretty interesting - it all started with the Walmart RFID mandate in 2003. It
required its suppliers to tag the case and pallets with a RFID.
The objective was to achieve a Smart Supply Chain with:
·
Near Real Time inventory visibility across the
entire chain and
·
More optimized warehousing processes leading to
significant cost saving for the big box retailer.
