Wiser

JUNE 23, 2020

As consumers grow more accustomed to using their smartphones for payment and rewards management, your QSR is likely to see the same trend if you are able to implement a similar system. Reduce Shrinkage. Shrinkage occurs when inventory goes missing, or shrinks, due to employee theft, customer theft, vendor fraud, or cashier error.

Payment Services 78

Payment Services Shrinkage Location Marketing 78

Wiser

APRIL 23, 2019

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: . You can’t fix what you don’t know is even a problem.

Shrinkage 100

Shrinkage Inventory Management Location Fulfillment 100

Nvidia

JANUARY 13, 2022

Beyond addressing labor shortages, these autonomous stores provide live inventory management and prevent shrink. Store associates are the face of retail organizations, so it makes sense to reduce the time they spend on tasks that aren’t customer facing, such as performing inventory counts or scanning for out-of-stock items.

Shrinkage 115

Shrinkage Checkout Inventory Management Point of Sale 115

I Vend

FEBRUARY 6, 2023

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.

Inventory Management 92

Inventory Management Management Shrinkage Returns 92

Retail Times

MARCH 30, 2021

It’s best to use a point-of-sale or inventory system that automatically modifies inventory levels as you ring up sales, so you won’t have to worry about manually updating your database. Such solutions are also beneficial if you have several locations because they allow you to manage multiple stores from one place. Learn More.

Merchant Services 98

Merchant Services Inventory Management Management Shrinkage 98

I Vend

DECEMBER 10, 2023

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.

Shrinkage 75

Shrinkage Inventory Management Store Layout Checkout 75

Retail TouchPoints

AUGUST 4, 2023

While airports are “public spaces” and micro markets have traditionally been in “closed environments,” the risk of shrinkage outweighs the cost of employee overhead, and since people have already been through security this provides a perception of oversight. The inventory management features also help operators track any theft.

Payment Services 239

Payment Services Kiosk Marketing Shrinkage 239