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How Hot Topic and Lamps Plus Mastered Inventory Management and More

Retail TouchPoints

Another key challenge for Hot Topic’s inventory management system is ensuring its BOPIS options run smoothly even as it fulfills orders across multiple channels. As a result, it’s vital for the retailer to have deep insights into what is available and where it is located. “We

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14 Point of Sale Systems for Small Businesses in 2023

Small Biz Trends

A point-of-sale system is one of the best tools for small businesses looking to accept payments. Point-of-sale systems enable business owners to be more agile with their payment processing and forego using the cash drawer. What Is a Point of Sale POS System? Best Overall Point of Sale Systems.

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Dollar General to Trial 100% Self-Checkout Stores at 200 Locations

Retail TouchPoints

Now, Owens said the company also plans to begin testing a 100% self-checkout store format across 200 locations this year. When combined with our data-driven inventory management, we believe these efforts will reduce store workload and drive greater efficiencies for our retail associates and leaders.”.

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What is Artificial Intelligence, and How Does it Impact Your Point-of-Sale?

Star Miconics

But while those things are still in the realm of science fiction, AI has become increasingly engrained in the modern technology we now use every day, from our smartphones to our point-of-sale (POS) systems. AI helps consumers and workers streamline their activities and increase productivity. But what is artificial intelligence?

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

Retail TouchPoints

Businesses can collect real-time data on how the goods are stored and transported, their location and their condition during delivery. IoT technology is especially relevant in managing the supply chain of sensitive products like food with short shelf life or medicine. Inventory management.

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The essential metrics your retail POS software can track

I Vend

Using your point of sale system to track performance, across every element of the retail operation, has never been more important. Inventory management – metrics such as stock turnover levels, and days of inventory remaining can be used to accurately plan purchasing and replenishment strategies and minimise the chance of stock outs.

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Maximizing Retail Execution: A Strategic Guide to Overcoming Out-of-Stock Challenges with Wiser Solutions

Wiser

Initial Verification Upon warning of the potential issue, the Retail Sales Director employs a broader crowdsourced survey across suspect locations to validate the rising number of out-of-stock instances. This early detection is crucial, as it may indicate a larger execution problem brewing that could affect the brand’s bottom line.