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5G in Retail: Creating the WOW factor

Retail TouchPoints

5G can also connect mobile point-of-sale (POS) terminals , self-service kiosks, scan-and-go checkouts and other forms of frictionless shopping with ease. 5G can reduce wasted time and prevent inventory shrinkage, providing retailers with cost savings. 5G-enabled tools can allow for order picking and 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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How to Deliver a Flawless In-Store Customer Experience

Independent Retailer

RFID is rapidly gaining implementation within the retail sector and is a key technology applied to aid business operations by improving inventory management and stock visibility as the foundation of adoption. The most common area in-store that retailers focus on to improve customer engagement is at the Point of Sale (POS).

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How Retailers Meet Tough Challenges Using NVIDIA AI 

Nvidia

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.

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

Retail Times

The first step to avoiding discrepancies is to implement an electronic (ideally cloud-based) inventory system. 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. Learn More.

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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.