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.

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Shrinkage Bar Codes Shipping Finance 270

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. 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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Point of Sale Inventory Management Shrinkage Promotions 92

Retail TouchPoints

JUNE 15, 2022

To curb shrinkage, self-pay via an app is used to let shoppers and guests purchase items themselves. And that’s true whether the actual sale happens in-store or continues online. An estimated one-third of brands plans to invest in AR to help shoppers visualize how the products they sell fit into customers’ lives.

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Payment Services Checkout Shrinkage Fast Fashion 255

Nvidia

JANUARY 13, 2022

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. NVIDIA ReOpt is an accelerated solver for machine learning that optimizes vehicle route planning and logistics in real time.

Shrinkage 115

Shrinkage Checkout Inventory Management Point of Sale 115

I Vend

MAY 8, 2024

An integrated point of sale captures key customer and sales data, which can be analysed to uncover additional ways to engage customers or increase your wine and liquor store efficiency. Online ordering – with online sales growing faster than brick and mortar, many liquor retailers want to offer both online and offline options.

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Shrinkage Inventory Management Payment Services Point of Sale 52

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. For more information on how to reduce shrinkage, see our previous post on beefing up security and preventing loss in your store.

Merchant Services 98

Merchant Services Inventory Management Management Shrinkage 98

Cisco Retail

MAY 25, 2022

Over 50% of asset protection executives state that they plan to invest in LP technology. Shrinkage means the retailer has less physical inventory than their system reflects. Addressing Areas of Shrink at the Point-of-Sale (POS). It allows them to prevent losses and improve inventory accuracy.

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Loss Prevention Shrinkage Returns Point of Sale 136