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Data and security have become key competitive advantages for all retailers

Inside Retail

They are looking at things like speed and convenience, and self-checkout has become commonplace in all supermarkets and convenience stores today. He believes AI-powered computer vision technology used to reduce shrinkage will help identify instances of customers swapping cheap items for expensive ones by changing labels.

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Top 7 Store Inventory Programs for Streamlined Retail Management

Small Biz Trends

With integrated marketing and customer management tools, your checkout process becomes more efficient, thanks to the smart POS customer display. With features for shrinkage calculation , you can minimize losses from spoilage or waste, ensuring your perishable goods remain fresh.

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10 Essential Tips for Streamlining Retail Workflow and Inventory Management

Small Biz Trends

By performing counts at least quarterly, or more frequently for high-demand items, you can greatly reduce discrepancies, theft, and shrinkage. Enhanced Communication : Improve team collaboration by granting quick access to inventory information, which can boost customer service and minimize wait times at checkout.

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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. The data-driven, "robots as a service" model allows companies to quickly respond to changes in demand, reduce labor costs and enhance the customer experience.

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How STORIS Helps Appliance Retailers Stay Ahead

Storis

By integrating financing and protection plans directly into the checkout process , appliance retailers can dramatically increase profitability per transaction while enhancing customer confidence. By implementing serialized inventory tracking , retailers can eliminate errors, reduce shrinkage , and ensure seamless warranty validation.

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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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The Boon and Bane of Self-Checkout for Retailers

Retail Wire

Retailers appreciate the allure of self-checkout. However, the elevated rate of inventory shrinkage is a pressing concern in the retail industry.

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