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You Can’t Spell Retail Without AI

Retail TouchPoints

AI has a lot to offer grocery stores, especially in inventory management. Price Optimization is for all Retailers. Pricing optimization is a misunderstood AI technology, as it is often confused with dynamic pricing. Today, most retailers are only able to optimize the prices for 5%-15% of the items they sell.

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5 Inventory Costing Methods to Consider When Valuing Your Stock

Retail Times

The traditional way of handling accounting is known as the retail method , a process in which you estimate the value of your ending inventory by factoring in the cost to retail price ratio. Deduct your total sales during that period from the retail value of merchandise available for sale. Further Reading.

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