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AI Isn’t Going Anywhere: How Retailers Plan to Deploy the Tech in 2024

Retail TouchPoints

Artificial intelligence dominated headlines and water cooler conversations in 2023, and 2024 is looking to be no different (if the conversations and showcases at CES and NRF’s Big Show are any indication). But many of these tasks may just represent the low-hanging AI fruit.

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

Inside Retail

Retailers worldwide may be facing challenging times right now, but the evolution of technology – including the deployment of AI – is opening the way to dramatic improvements in productivity at all stages of the retail business model. And that’s where your Workforce Management systems come into play,” says Bretherton.

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How Edge Computing Enables the Retail Store of the Future

Retail TouchPoints

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.

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7 Retail Operations You Must Manage Effectively

RETAIL MANAGEMENT SOFTWARE

After that, get your reporting in order so that you can analyze the KPIs, look at historical performance, compare metrics, and track your performance indicators over time. InventoryInventory management involves having the right products in the right amounts at the right stores. These are important details.

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An Overview of how the BOPIS Retail Strategy is Transforming the Industry (2021)

Retalon

BOPIS is the most common acronym you’ll see, but you may come across these other variations: BOPAC (Buy Online Pickup At Curb): Focuses on the outside handoff. Customers stay in their vehicles at designated parking spots, and employees bring their purchases out to the car. BOPIS lets customers shop on their own schedule.

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7 Retail Operations You Must Manage Effectively

RETAIL MANAGEMENT SOFTWARE

After that, get your reporting in order so that you can analyze the KPIs, look at historical performance, compare metrics, and track your performance indicators over time. InventoryInventory management involves having the right products in the right amounts at the right stores. These are important details.

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How Retailers can Combat the Rising Threat of Theft

Retail TouchPoints

Optimize inventory management: Like damaged products and shipping errors, theft can negatively impact retail inventory management. Chamber of Commerce indicates that 75% of all employees have stolen from their employer at least once. Despite your efforts to hire good people, the U.S. Set safe web browsing rules.