Periodic Reporting for period 1 - FRISCO (Food Retail Industry Supply Chain Optimization (FRISCO): Food Discount Intelligence toReduce Food Waste through the implementation of the FoodLoop Platform)
Período documentado: 2015-06-01 hasta 2015-11-30
Key project objectives were to prove the technical, practical and financial feasibility of the FoodLoop platform in the food retail industry, broken down in three specific project objectives:
i) to develop and introduce consumers & grocers to a digital platform that connects ones smartphone to all retailer’s point of sale checkout computer in a way that security, real-time communication, a cost-efficient implementation and large scalability are ensured for both stakeholders;
ii) to measure the interest and motivation of consumers to engage with such a digital system in order to reduce food waste and save money and
iii) to provide a ROI analysis for grocers of the project's potential to contribute to reduce waste & increase profits.
1. assessment of retailer IT infrastructure, requirements and possible interface solutions;
2. development and prototyping of scalable, standardized API;
3. research & prototyping in Optical Character Recognition (OCR) device hard- & software, using incumbents as combined device solution provider;
4. implementation of standardized process for GS1 Databar expanded stacked composite interpretation, validation and automatic discounting at the checkout;
5. development and prototyping barcode generator and reading app-solutions for independent device combinations;
6. testing backend and apps in a field pilot;
7. carrying out consumer panel surveys;
This project suggests high potential to become a supporting optimization platform tool, contributing to reduce avoidable food waste & increase profits for multiple stakeholders along the food supply chain.
As a result we generated a business plan within the Phase 2 approach, supported together with an R&D plan for Phase 2 and a scalable go-to-market strategy for internationalization.