Accounting Checkout Inventory Management Loss Prevention 
Retail TouchPoints
JULY 12, 2023
Technology — specifically edge computing — provides the foundation for a better customer experience, real-time inventory management, enhanced security and loss prevention and in-store analytics. Those same cameras and sensors also are at the heart of the grab-and-go checkout system featured in Amazon Go stores.
Retail TouchPoints
NOVEMBER 20, 2023
That’s why it’s important to understand the most common forms of theft and the measures you can take to prevent loss without deterring valued customers. External Theft According to the NRF, shoplifting and other forms of external theft, including burglary, accounted for 37% of reported shrink in 2022.
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Retalon
APRIL 27, 2021
However, traditional spreadsheet analytics cannot account for store-by-store variations in the promotion’s effectiveness or secondary effects such as demand cannibalization. Online sales now account for more than 20% of total retail sales. Online sales are as mission-critical as in-store sales to today’s retail business.
Retalon
SEPTEMBER 22, 2021
At checkout, the shopper would have multiple fulfillment options to select from – including BOPIS. Better inventory management and visibility. Retailers need better inventory management practices to conduct BOPIS operations but at the same time, BOPIS makes your inventory management better.
365 Retail
MAY 5, 2023
Predictive analytics, another AI-driven tool, has been instrumental in helping retailers optimize their inventory management and pricing strategies. Additionally, it can help monitor employee behaviour and prevent internal theft. Retailers are also using facial recognition for queue management.
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