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In a Virtual Consignment Arrangement

You pay for what you sell, not what you buy. A third party, in this case StoreReport LLC monitors your store 24/7, determines what you will sell during your next delivery cycle and using AI algorithms that have been tested and proven over the past 16 years, pays the invoice according to supplier contracts, and you pay only the cost of what you sell. For a small fee of 3 cents per/item sold, StoreReport does all of the bookkeeping, generates the orders, sends them to the suppliers, prices the inventory for maximum profits and pays the supplier for what was ordered.

If an item doesn't sell, you pay nothing and StoreReport will provide you with a return label to send the item(s) back once we have determined we have exhausted all attempts to sell the products in your store(s). 

Scan-Based Trading 

From Wikipedia: Scan-Based Trading is the process by which suppliers maintain ownership of inventory within retailers' warehouses or stores until items are scanned at the point of sale. Suppliers, such as manufacturers or farmers, own the product until it is purchased by the customer, with the store or venue then buying the product from the supplier and reselling it to the customer.  In a Scan-Based Trading arrangement, typically you agree to allow your supplier to transfer whatever he wants to your store (or warehouse), retains ownership and you suffer the carrying cost, including but not limited to:

Storage Cost

Insurance Cost 

Property Tax associated with storage facilities and Inventory Value

Capital Cost

Handling Cost

Shrinkage

Loss of Opportunity

Theft

The most interesting thing about Scan-Based Trading today, and most likely the reason it's  rarely talked about is it's very similar to the arrangement you have with you suppliers today regarding:

Most suppliers put what they want in your stores causing a dangerous environment for your employees to work in, and rarely compensate you for the cost.

You bear the losses for shrinkage and theft.

Read my newbook, available on Amazon at https://www.amazon.com/dp/B0DDJ1VMLD/ reagrding Artificial Intelligence and how it relates to retail

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Who We Are

StoreReport.AI is a cutting-edge technology company specializing in innovative solutions for businesses. Our mission is to revolutionize the way companies analyze and utilize data to enhance their operations and drive growth. Through advanced AI technologies, we provide comprehensive tools and insights tailored to each client's specific needs, empowering them to make informed decisions and stay ahead of the competition.

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Our technology is at the forefront of data analytics, leveraging AI and machine learning to deliver powerful business intelligence. We offer state-of-the-art tools for data visualization, predictive analytics, and automated reporting, enabling organizations to unlock the full potential of their data and drive strategic decision-making.

With a focus on scalability and efficiency, our technology solutions are designed to streamline processes, optimize performance, and drive measurable results for our clients, ensuring they can adapt to the ever-evolving digital landscape with confidence and agility.

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