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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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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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How the Store of the Future will Track Shopper Behavior Ecommerce-Style

Retail TouchPoints

The digitization of brick-and-mortar stores is nothing new, but up until recently it has primarily been focused on surfaces in the store that are already digital: point-of-sale systems or back-of-house tasks like inventory management. and Vancouver, Wash. —

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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. Self-checkout.

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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.

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How can a retail management system help retailers become efficient, save costs and make them ready for the holiday season

I Vend

So whilst it’s not a bad picture, it’s not great either, and the retailers who will make the most of the season are those who can attract customers and sales, whilst driving efficiencies and cost savings for a profitable holiday season.

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What Is Managed IT Support and How It Empowers Retail Businesses 

Retail Minded

They also promote innovation and growth by offloading the direct management of IT resources. Therefore, hiring Propel’s managed IT team or similar reputable experts is a smart move. These include transaction handling, inventory management, and e-commerce operations.