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How smart new technologies are improving sales and reducing costs for retailers

Inside Retail

Salespeople on the shop floor can use these devices to seek a colleague’s assistance in locating a certain size or style of a product instead of leaving the customer alone while the salesperson finds it. Lifecycle pricing inventory management Zebra Technologies also has products focused on inventory management and Lifecycle Pricing.

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An Overview of how the BOPIS Retail Strategy is Transforming the Industry (2021)

Retalon

Instead of only shipping to customers’ homes, retailers let online customers shop from their local and online store’s inventory and pick up their orders from their closest brick-and-mortar location the same day. Store-specific information about curbside or in-store pickup locations. Payment, return, and exchange policies.

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10 Finance Tips All Retailers Should Follow

Retail Next

Instead of aiming for your dream space right away, try to find a more modest one that offers you a good location, but costs less. The ability to easily track inventory also greatly streamlines the process of inventory management, since you’ll instantly know when stock is low on a popular item, or see which items simply aren’t selling.

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5 Major Retail Digital Transformations to Watch For in 2021

Retalon

Canadian award-winning retailer, Simons, leverages the best of both worlds with AMR in operations along with Retalon’s AI for forecasting and inventory management. Digital technology in retail stores helps retailers turn their boring, old physical locations into competitive advantages. check out their story here).

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Using AI for Safety & Operations

Independent Retailer

They could then contact someone overseeing the retail location and advise them to address the matter. Cameras also act as a theft deterrent, helping companies manage loss prevention. AI inventory management software takes stress off management.