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How smart new technologies are improving sales and reducing costs for retailers

Inside Retail

These technologies are helping retailers achieve efficiencies in operational functions including staff deployment and management, customer service, shrinkage reduction and lifecycle pricing. Lifecycle pricing inventory management Zebra Technologies also has products focused on inventory management and Lifecycle Pricing.

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Different Things to Consider Outsourcing in Your Retail Business (and Why)

Retail Focus

Order Fulfillment When outsourcing, retailers can benefit from streamlined inventory management, order processing, and shipping. Accounting and Bookkeeping Maintaining accurate financial records is crucial for the long-term success of any retail business.

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Inventory management for efficiency and experience

I Vend

This lack of inventory costs retailers an estimated up to 8% of revenue in lost sales. iVend Retail Inventory Management Inventory management drives store efficiency and customer experience. Read about iVend’s smart retail technology for inventory management.

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Avoiding Stockouts: 5 Preventable Causes of Out-of-Stocks and What to Do About Them

Retail Times

Such solutions are also beneficial if you have several locations because they allow you to manage multiple stores from one place. Not ready for a full retail management solution? Consider creating an inventory management system in Excel. Integrate your platforms. Further Reading. Learn More. Further Reading.

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The Rise of Micro Markets in Airports

Retail TouchPoints

While airports are “public spaces” and micro markets have traditionally been in “closed environments,” the risk of shrinkage outweighs the cost of employee overhead, and since people have already been through security this provides a perception of oversight. The inventory management features also help operators track any theft.