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. Retail analytics of financial reporting and inventory management data can help to pinpoint shrinkage and drill down into its location and cause, giving retailers a better chance of reducing it.

Point of Sale

I Vend

DECEMBER 10, 2023

Effective inventory management leads to lower overall inventory costs, fewer lost sales due to stock-outs, and greater customer satisfaction – and ultimately more profit. Point of sale store operations – customers want fast and friction-free checkout, and retailers need to know what has been sold.

Shrinkage

Independent Retailer

JULY 29, 2022

The most common area in-store that retailers focus on to improve customer engagement is at the Point of Sale (POS). According to the NRF National Retail Study 2018 , inventory shrinkage costs the U.S. Transforming the POS. retail industry $47 billion in 2017.

Customer Experience

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

Shrinkage

A1 Retail

OCTOBER 12, 2021

Loss prevention teams call this inevitable outcome “external shrinkage”. Which is why it is so encouraging to see retailers utilising new technology to reduce the impact of shrinkage. Instead, it’s possible to train deep learning AI models at the point of sale (PoS). The industry limits.

Shrinkage

RETAIL MANAGEMENT SOFTWARE

JANUARY 8, 2025

A robust Point of Sale (POS) system is at the heart of this transformation, serving as the backbone of modern retail operations. What is a Retail Point of Sale? Reduces shrinkage by monitoring stock movements and flagging discrepancies. Prevents overstocking or understocking by automating inventory updates.

Payment Services

Star Miconics

JULY 5, 2024

Restaurant & Bar Point-of-Sale Systems Impact Printers in the Modern Restaurant Kitchen The SP700 impact kitchen printer by Star Micronics is one of the most trusted on the market. Printers, paired with the point-of-sale (POS) or restaurant management system, are essential for clear communication.

Inventory Management

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

RETAIL MANAGEMENT SOFTWARE

JUNE 3, 2024

Inaccurate Inventory Counts : Manual inventory tracking methods are prone to errors, leading to discrepancies in stock levels and inventory shrinkage. Without real-time visibility into inventory data, retailers risk stockouts, overstock situations, and lost sales opportunities.

Apparel

Retail TouchPoints

JUNE 15, 2022

To curb shrinkage, self-pay via an app is used to let shoppers and guests purchase items themselves. Roaming checkout enables employees to take payments from shoppers from anywhere inside the store. They simply scan the item or put it in their cart on their phone, pay and walk out with item in tow.

Payment Services