Retail TouchPoints

FEBRUARY 21, 2023

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.

Sporting Goods 250

Sporting Goods Payment Services Shrinkage Point of Sale 250

Retail TouchPoints

JANUARY 10, 2024

There’s been a lot of talk recently about retailers reporting lower-than-expected earnings due to inventory shrinkage. According to the Corporate Finance Institute , “Inventory shrinkage occurs when the number of products in stock are fewer than those recorded on the inventory list. days, and one doubled its sales in one year.

Shrinkage 289

Shrinkage Bar Codes Finance Shipping 289

I Vend

AUGUST 6, 2023

Using your point of sale system to track performance, across every element of the retail operation, has never been more important. This data can help you determine which products are your best – and worst – sellers, to inform your product assortment decisions and stock management.

Point of Sale 81

Point of Sale Inventory Management Shrinkage Promotions 81

Independent Retailer

JULY 29, 2022

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).

Customer Experience 77

Customer Experience Shrinkage Checkout Inventory Management 77

Retail TouchPoints

JUNE 15, 2022

Customers book an appointment online and then shop in-store, creating a more curated feel while making life easier for associates to manage. To curb shrinkage, self-pay via an app is used to let shoppers and guests purchase items themselves. This trend is happening in other areas, too.

Payment Services 262

Payment Services Checkout Shrinkage Fast Fashion 262

Nvidia

JANUARY 13, 2022

Beyond addressing labor shortages, these autonomous stores provide live inventory management and prevent shrink. NVIDIA partners Everseen and Graymatics provide asset protection applications at the point of sale to reduce shrinkage and provide customers a faster self-checkout experience. Improving Logistics.

Shrinkage 115

Shrinkage Checkout Inventory Management Point of Sale 115

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.

Merchant Services 98

Merchant Services Inventory Management Management Shrinkage 98