The Growing Cost of Shrink
In today’s complex supply chains, fragmented data and manual analysis often lead to diminished visibility, operational inefficiencies, and gross margin erosion. For example, many supply chain anomalies are linked to inadequate training or process inconsistencies. As global supply chains expand, the cost of these inefficiencies compounds, presenting a major strategic pain point for businesses aiming to stay competitive.
BeamUP’s AI-Powered Approach
BeamUP transforms how enterprises tackle shrinkage by leveraging cutting-edge AI to continuously monitor and analyze millions of data points across the entire supply chain—from manufacturing plants to last-mile deliveries. Acting like a team of thousands of analysts, BeamUP identifies disruptions, anomalies, and inefficiencies in real time. With actionable insights, enterprises can pinpoint and resolve issues before they impact margins.
For instance:
- Retailers: BeamUP helps reduce inventory inaccuracies and shrink caused by insider threats or customer theft.
- Logistics: The platform optimizes dock-to-stock times, reducing operational delays and lost goods.
- Manufacturers: By detecting stowing and picking errors early, BeamUP minimizes production delays and improves labor productivity.
From Tactical to Strategic Insights
BeamUP’s platform goes beyond tactical issue resolution. By providing strategic insights, it enables enterprises to make data-driven decisions to optimize processes, adjust security controls, and streamline operations. This shift from reactive problem-solving to proactive strategy not only reduces shrink but also enhances operational resilience and profitability.
Proven Results Across Industries
Trusted by Fortune 10 companies and leading enterprises in 22 countries, BeamUP has digitized over 600 million square feet of real estate to protect assets, improve efficiency, and boost profitability. In a case study, BeamUP’s insights identified a spike in customer complaints due to packing errors, recommending training adjustments that reduced complaints and saved thousands in a single location.
Why BeamUP is the Strategic Choice
Shrink is no longer just a cost center—it’s a strategic opportunity to strengthen supply chains, protect margins, and build operational resilience. With its ability to continuously analyze data and provide actionable insights, BeamUP empowers enterprises to turn challenges into opportunities. By partnering with BeamUP, companies can achieve measurable reductions in shrink and set a new standard for supply chain excellence.
