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

Retail TouchPoints

MAY 31, 2022

In-Store Inventory Management. When combined with tech such as IoT-embedded sensors, 5G will enable retailers to have a real-time view of store inventory, allowing for faster restocking when shelves are running low. In fact, H&M Group ‘s COS recently announced the rollout of smart mirrors at its U.S.

Merchant Services 354

Merchant Services Checkout Shrinkage Fulfillment 354

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 88

Inventory Management Management Shrinkage Returns 88

Retail Times

MARCH 30, 2021

Such solutions are also beneficial if you have several locations because they allow you to manage multiple stores from one place. Not ready for a full retail management solution? Consider creating an inventory management system in Excel. Choosing an Inventory Management System for Your Retail Business: A Buyer’s Guide.

Merchant Services 98

Merchant Services Inventory Management Management Shrinkage 98

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 246

Payment Services Kiosk Marketing Shrinkage 246

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 71

Shrinkage Inventory Management Store Layout Checkout 71