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Investing in Security: How Physical Barriers Protect your Bottom Line

Retail TouchPoints

Retail chains across the country have even reported missing quarterly earnings expectations due to inventory shrinkage, highlighting a crisis that affects businesses of all sizes. In 2023, U.S. retailers lost a staggering $121.6 billion to theft, with organized retail crime (ORC) accounting for 37% of these losses.

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Smart supply chains tackle labour, inventory and fulfilment challenges

Inside Retail

This can lead to inconsistencies in fulfilment and customer experience. This reduces returns, builds customer trust, and improves forecasting. Shrinkage remains a significant issue, often exacerbated by limited visibility across the supply chain.

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The productivity revolution: Transforming retail operations to combat inflation

Inside Retail

In our experience, operational excellence programs deliver measurable improvements across retailers’ balanced scorecards: Customer satisfaction: +7 per cent. Shrinkage: -15 per cent. Why productivity matters more than ever Inflation drives up costs across the board from sourcing goods to delivering customer experiences.

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Rethinking Pricing: How Dynamic Markdowns can Combat Food Insecurity

Retail TouchPoints

Unlike surge pricing or dynamic pricing, dynamic markdowns ensure consumers consistently receive the best value while helping retailers manage inventory and reduce shrinkage. This strategy not only makes food more accessible but also fosters customer trust.

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GNC deploys autonomous drones to speed up fulfillment, drive inventory efficiency

Retail Customer Experience

Supply chain and inventory stock management are critical to customer experience, and if a retailer can drive efficiency while also creating less costly strategies it can be a win-win for both the customer and the retailer. Subscribe Get the latest news and resources from Retail Customer Experience.

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Top 7 Store Inventory Programs for Streamlined Retail Management

Small Biz Trends

Perishable Inventory Management Effective management of perishable inventory is vital for grocery and food retailers, as it directly impacts profitability and customer satisfaction. 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

Leverage mobile technology for accurate inventory counts and real-time data access, enhancing operational efficiency and customer experience. Proper categorization improves the customer experience , making it easier for shoppers to find products, leading to increased sales.