NON-DELIBERATE SHRINK PREVENTION WITH PRESCRIPTIVE RECOMMENDATIONS
Features attributable to non-deliberate cashier shrink are identified within a given store's historical transaction data. A machine-learning model is trained on the features to predict shrink events over a future interval of time. Each prediction is also associated with a specific prescriptive recommendation, which if followed, eliminates or otherwise mitigates the likelihood that the predicted shrink event occurs during the corresponding time interval. Each prediction can be specific to a given cashier for the future interval of time. The predictions and corresponding prescriptive recommendations can be provided to store managers in advance of a start of the future interval of time, which allows the manager to follow the prescriptive recommendations and potentially avoid the shrink events altogether.
1 . A method, comprising:
labeling features relevant to non-deliberate cashier shrink within transaction data for a current interval of time;
providing the labeled features to a machine learning model (model) as input;
receiving, as output from the model, predictions corresponding to a next interval of time, each prediction indicative of a likelihood that a corresponding cashier will be associated with a non-deliberate shrink event during the next interval of time; and
providing the predictions to a device operated by a manager of a store.
2 . The method of claim 1 , wherein labeling further includes updating metrics maintained for non-deliberate cashier shrink based on the transaction data for the current interval of time.
3 . The method of claim 2 , wherein updating further includes maintaining the metrics on at least one of a per-cashier basis, a per-cashier category basis, or across all cashiers of the store.
4 . The method of claim 3 , wherein labeling further includes labeling the features from the transaction data associated with a size of a basket of items for each transaction within the transaction data, a time of day associated with each transaction, a cashier identifier associated with each transaction, and an item category associated with each item of each transaction.
5 . The method of claim 4 , wherein providing the labeled features further includes providing the metrics as additional input to the model.
6 . The method of claim 1 , wherein receiving the predictions further includes receiving at least one prescriptive recommendation for each prediction that exceeds a predefined value as additional output from the model.
7 . The method of claim 6 , wherein receiving the at least one prescriptive recommendation further includes providing an interactive heatmap for the store that includes each prediction and a corresponding prescriptive recommendation.
8 . The method of claim 1 , wherein providing the predictions further include providing the predictions through an interactive heatmap of the store via an application programming interface.
9 . The method of claim 1 , wherein providing the predictions further includes pushing a device notification to the device for at least one of the predictions when the at least one of the predictions exceeds a predefined value.
10 . The method of claim 1 further comprising, iterating to the labeling when the next interval of time expires.
11 . The method of claim 1 further comprising:
periodically reporting metrics relevant to the non-deliberate shrink on at least one of a per cashier basis, a per cashier category basis or across all cashiers of the store.
12 . A method, comprising:
training a machine learning model on features relevant to non-deliberate shrink events to generate predictions for a next interval of future time as to whether cashiers of a store are likely or not likely to cause a given non-deliberate shrink event in the next interval of future time;
obtaining transaction data for a most-recent past interval of time for the store;
labeling the transaction data with the features;
providing the labeled features as input to the model;
receiving current predictions for a next interval of time as output from the model; and
providing the current predictions through an interface to a manager of the store to manage the next interval of time and mitigate occurrences of any of the non-deliberate shrink events by the cashiers.
13 . The method of claim 12 further comprising maintaining up-to-date metrics for the non-deliberate shrink events on at least one of per cashier basis, a per cashier category basis or across all cashiers of the store.
14 . The method of claim 13 further comprising, periodically generating a report for the metrics and providing the report through the interface to the manager of the store.
15 . The method of claim 12 , wherein providing the labeled features further includes providing up-to-date metrics for the non-deliberate shrink events by cashier as additional input to the model.
16 . The method of claim 15 , wherein receiving further includes receiving at least one prescriptive recommendation per prediction as additional output from the model.
17 . The method of claim 16 , wherein providing the current predictions further includes providing an interactive heatmap for the predictions and corresponding prescriptive recommendations through the interface.
18 . The method of claim 17 , wherein providing the interactive heatmap further includes animating the interactive heatmap over the next interval of time within the interface.
19 . A system, comprising:
a cloud processing environment comprising at least one server;
the at least one server comprising a processor and a non-transitory computer-readable storage medium;
the non-transitory computer-readable storage medium comprises executable instructions; and
the executable instructions when executed on the processor cause the processor to perform operations comprising:
training a machine learning model (model) on features relevant to non-deliberate shrink events and on metrics relevant to the non-deliberate shrink events to generate predictions and prescriptive recommendations for avoiding the non-deliberate shrink events;
obtaining transaction data for a store for a most-recent past interval of time;
updating the metrics based on the transaction data for the most-recent past interval of time;
labeling the features and providing the labeled features and the updated metrics as input to the model;
receiving current predictions and corresponding prescriptive recommendations as output from the model for a next interval of time; and
providing the current predictions and the corresponding prescriptive recommendations through an interface to a manager of the store for the manager to mitigate occurrences of any of the non-deliberate shrink events.
20 . The system of claim 19 , wherein the executable instructions further include additional executable instructions that further cause the processor to perform additional operations comprising:
periodically generating a report for the updated metrics on at least one of a per cashier basis, a per cashier category basis or across all cashiers of the store; and
providing the report to the manager through the interface.