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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. Lifecycle pricing inventory management Zebra Technologies also has products focused on inventory management and Lifecycle Pricing.

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The essential metrics your retail POS software can track

I Vend

Customer data tracking can show who responds best to which promotions, what drives loyalty customers , and how customers use different channels , helping you to create marketing campaigns that get maximum response and drive the best return on your investment. This can inform product selection, supplier selection and returns processes.

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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. Spacee is using computer vision and AI to help retailers handle these basic, repetitive tasks.

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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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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.