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

Inside Retail

Lifecycle pricing inventory management Zebra Technologies also has products focused on inventory management and Lifecycle Pricing. The software uses AI to help a retailer plan the introduction of new stock into a store and manage the pricing levels across its shelf life.

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Mobile technology – serving both sides of the retail coin

365 Retail

Employees can also easily access inventory data on a mobile device, quickly checking the availability of an out-of-stock item and arranging shipment to the customer. . This approach also supports stock accuracy and loss prevention, as mobile point-of-sale technology automates inventory management.

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

Retalon

BORIS (Buy Online Return In-Store): Concentrates on reverse logistics. Turning your storefronts into local return centers gives your business advantages over purely online competitors. Customers can reserve an item from an online inventory. Customers are able to view the item before purchase, minimizing returns.

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5 Major Retail Digital Transformations to Watch For in 2021

Retalon

Advanced analytics has the capacity to integrate every channel of a multi-channel business into its forecast to maximize the return on promotion investments. to optimize inventory for gross margins. Retail AI can apply this process when customers return their purchases. check out their story here).

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Stop out of stocks denting your profits this holiday season

I Vend

Inventory management – ‘the right goods, in the right place, at the right time’ sums up the core of retail. So inventory management is essential. Retail technology can streamline inventory management by enabling retailers to accurately track goods from delivery to sale through to returns.

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Using AI for Safety & Operations

Independent Retailer

Businesses are always searching for new ways to improve their operations and increase their return on investment (ROI). Cameras also act as a theft deterrent, helping companies manage loss prevention. AI inventory management software takes stress off management.

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Jason & Scot Show Episode 301 Annual Predictions 2023, Year-End Recap, NRF Big Show

Retail Geek

E-com returns 10-15% growth rates. The AI for inventory management is super interesting like these models that are doing demand forecasting that are doing kind of.