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 provides an alternate method to keep the store connected at all times.

Sporting Goods 94

Sporting Goods Shrinkage Point of Sale Outdoor 94

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 76

Customer Experience Shrinkage Checkout Inventory Management 76

Cisco Retail

MAY 25, 2022

Shrinkage means the retailer has less physical inventory than their system reflects. Addressing Areas of Shrink at the Point-of-Sale (POS). The term “shrink” refers to action that negatively impacts the inventory accuracy, and hence, the ability to fully realize potential revenue.

Loss Prevention 124

Loss Prevention Shrinkage Returns Point of Sale 124

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 40

Shrinkage Loss Prevention Supermarket Checkout 40

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 115

Shrinkage Checkout Shopping Inventory Management 115

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.

Checkout 102

Checkout Shopping Shrinkage Fast Fashion 102

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.

Inventory Management 98

Inventory Management Apparel Management Consumer 98