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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.

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IoT in Retail: Top 5 Use Cases and Real-Life Examples

Retail TouchPoints

Inventory management. With innovative inventory tools, retailers can always be sure the necessary goods are in stock in a particular store. Self-checkout. Example: Mashgin A young startup, Mashgin, offers self-checkout systems that do not require barcodes or RFID tags to scan a product.

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Which Approach To Self-Service Grocery Checkout Will Emerge As The Standard In 2023?

Retail Minded

Although self-service checkouts were first introduced in 1986 , they are still far from perfect. on the App Store, which says a lot about how people’s sentiment towards self-service checkouts. . Trigo’s digital twin can be used for other purposes too, such as inventory management. . star rating on Google Play and 2.8

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The barcode turns 50 and continues to transform the future

Inside Retail

The barcode was initially developed to improve the checkout experience and inventory management in the grocery sector and it is now used in almost every industry and sector. The barcode has also been instrumental in promoting sustainability in the supply chain.

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Increasing personalization using the power of analytics

I Vend

Online shopping is intrinsically more personalized – a customer can be greeted by name, shown previous orders, receive suggestions for items they might like and have their payment details stored for seamless checkout. Retailers can make the most of this trend with promotions focussed on celebrations, festivities and events.

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How technology helps retailers prepare for holiday season

I Vend

Retailers have to grow their share of a finite wallet, making promotions and customer experience an essential part of the retail mix. Retailers have to be ready with promotions to attract these early birds, and harness their retail POS software to win their wallet.

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From Barcodes to Bytes: Retailers Prepare for Next-Generation UPC

Retail TouchPoints

It’s hard to believe that the invention of the UPC — first used by railroads almost 100 years ago and then introduced to speed grocery checkout lines back in 1974 — hasn’t changed. For example, a customer can scan a 2D barcode on a package of pasta sauce and instantly view ingredients, allergens, recipes and promotions.