article thumbnail

How is AI Reshaping the Retail Industry

Retail Gazette

Inventory Management and Forecasting AI-powered algorithms enable retailers to optimise inventory management and forecasting processes, reduce stockouts, minimise excess inventory, and improve overall supply chain efficiency.

article thumbnail

The four essential functions of a retail POS system

I Vend

This level of flexibility reduces lost sales, maximises inventory turnover and increases customer satisfaction along with revenue and profit. Operationally, retail technology needs to be an enabler for the business, not a drain. Ambitious retailers the world over want to grow.