Final answer:
The Intelligent Retail Lab developed by Walmart allows easy monitoring of purchased items for quick replenishment, gathers demographic data about shoppers, and focuses on improving the in-store shopping experience.
Step-by-step explanation:
The Intelligent Retail Lab developed by Walmart allows the company to easily monitor what items are purchased so they can be quickly replenished. The lab uses artificial intelligence and in-store cameras to track product availability and identify when items need restocking. By having real-time inventory data, Walmart can ensure that popular products are always available for customers to purchase.
In addition to replenishing items, Walmart can also collect demographic data about its shoppers. This data helps the company understand customer preferences, shopping patterns, and can be used to personalize the shopping experience. For example, if Walmart knows that a particular demographic prefers organic produce, they can ensure to stock an ample supply to meet the demand.
However, the Intelligent Retail Lab does not directly ship products to consumer's homes when not available in store. While Walmart has tested technologies like using robots to pick and pack orders in-store for pickup or delivery, the lab primarily focuses on improving the in-store shopping experience rather than serving as a fulfillment center for online orders.
Learn more about Intelligent Retail Lab