Remove Checkout Remove Returns Remove Shrinkage
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GNC deploys autonomous drones to speed up fulfillment, drive inventory efficiency

Retail Customer Experience

The drones operate during business hours to keep up with GNCs high order volume, improving inventory accuracy, reducing shrinkage and minimizing human errors. Assessing ROI The return on investment is big for GNC as it went from counting inventory two to four times a year to doing it monthly.

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10 Essential Tips for Streamlining Retail Workflow and Inventory Management

Small Biz Trends

The extensive reporting features track key performance indicators (KPIs), such as inventory turnover rates and gross margin return on investment (GMROI), enabling data-driven optimization strategies. By performing counts at least quarterly, or more frequently for high-demand items, you can greatly reduce discrepancies, theft, and shrinkage.

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How STORIS Helps Appliance Retailers Stay Ahead

Storis

Encourage repeat business , as customers prefer to return to retailers they trust for warranty-backed purchases. By integrating financing and protection plans directly into the checkout process , appliance retailers can dramatically increase profitability per transaction while enhancing customer confidence.

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Sainsbury’s lets shoppers skip tills with new SmartShop trial

Retail Gazette

Sainsburys has launched a trial allowing customers to pay directly on its handheld SmartShop devices, removing the need to visit a traditional checkout as part of wider efforts to streamline the shopping experience. As with existing SmartShop use, staff will continue to carry out random basket checks to manage shrinkage.

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Sick of hearing about AI? The key is understanding how to make it work for you

Inside Retail

Loss prevention: AI combats retail shrinkage also, by integrating computer vision and motion analytics at self-checkouts, detecting suspicious activities and ultimately reducing theft. Automated checkout experiences: Retailers such as Apple are pioneering checkout-free shopping.

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Stop out of stocks denting your profits this holiday season

I Vend

Retail technology can streamline inventory management by enabling retailers to accurately track goods from delivery to sale through to returns. Point of sale store operations – customers want fast and friction-free checkout, and retailers need to know what has been sold. . So inventory management is essential.

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Is Your Wine & Liquor Store Stuck in the Past? Unlock Growth with Integrated POS

I Vend

Here’s some of the key ways that an integrated POS systems for wine and liquor can underpin growth strategies for wine and liquor stores: POS – integrated POS software for wine and liquor stores helps with efficiency at the checkout, enhancing the customer experience and streamlining operations in wine and liquor stores.