Remove Inventory Management Remove Management Remove Returns Remove Shrinkage
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How smart new technologies are improving sales and reducing costs for retailers

Inside Retail

These technologies are helping retailers achieve efficiencies in operational functions including staff deployment and management, customer service, shrinkage reduction and lifecycle pricing. And that’s where your Workforce Management systems come into play,” says Bretherton.

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The essential metrics your retail POS software can track

I Vend

This data can help you determine which products are your best – and worst – sellers, to inform your product assortment decisions and stock management. This can inform product selection, supplier selection and returns processes. Sales trends and analysis data shows the patterns that allow you to plan and forecast more accurately.

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What Is Phantom Inventory? Here’s How to Spot It

Wiser

Phantom inventory is particularly challenging because your inventory management system says the products are in-stock, but the shelves are empty. There are several potential causes of phantom inventory, including: . How Phantom Inventory Hurts Retailers . You can’t fix what you don’t know is even a problem.

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How Retailers Meet Tough Challenges Using NVIDIA AI 

Nvidia

and “What happens to my margins if Susie Consumer purchases three of the same dresses online and returns two?”. Beyond addressing labor shortages, these autonomous stores provide live inventory management and prevent shrink. Improving Logistics.

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Inventory management for efficiency and experience

I Vend

This lack of inventory costs retailers an estimated up to 8% of revenue in lost sales. iVend Retail Inventory Management Inventory management drives store efficiency and customer experience. Read about iVend’s smart retail technology for inventory management.

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Avoiding Stockouts: 5 Preventable Causes of Out-of-Stocks and What to Do About Them

Retail Times

It’s very easy to run into inaccuracies when dealing with inventory. Between shipment variances, misplaced products, returns, and stolen goods, retailers find that the inventory numbers they have on paper (or on screen) often don’t match what they have in their stores. Not ready for a full retail management solution?

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Is Your Wine & Liquor Store Stuck in the Past? Unlock Growth with Integrated POS

I Vend

Inventory managementManaging inventory in wine and liquor retail can prove to be a big headache. Loyalty and promotions – liquor retailers want to create loyal customers who return to the store for all their alcohol purchases. FAQs: What defines an integrated POS management system?