Remove Accounting Remove Inventory Management Remove Shrinkage
article thumbnail

Inventory management for efficiency and experience

I Vend

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.

article thumbnail

The Rise of Micro Markets in Airports

Retail TouchPoints

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.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

How smart new technologies are improving sales and reducing costs for retailers

Inside Retail

These technologies are helping retailers achieve efficiencies in operational functions including staff deployment and management, customer service, shrinkage reduction and lifecycle pricing. Lifecycle pricing inventory management Zebra Technologies also has products focused on inventory management and Lifecycle Pricing.

article thumbnail

Is Your Wine & Liquor Store Stuck in the Past? Unlock Growth with Integrated POS

I Vend

Online sales account for $40 billion and are growing faster than brick and mortar sales. Inventory managementManaging inventory in wine and liquor retail can prove to be a big headache. It enables retailers to digitize and automate key processes, such as inventory management or loyalty and promotions.

article thumbnail

Different Things to Consider Outsourcing in Your Retail Business (and Why)

Retail Focus

Order Fulfillment When outsourcing, retailers can benefit from streamlined inventory management, order processing, and shipping. Accounting and Bookkeeping Maintaining accurate financial records is crucial for the long-term success of any retail business.

article thumbnail

The Rise of Smart Stores: How IoT is Revolutionizing the Retail Experience

365 Retail

Amazon Go stores, for example, invented the idea of “just walk out” shopping, in which consumers merely pick up the goods they desire and the system notes them and charges their account as they leave the store. Reducing Shrinkage: In retail, inventory shrinkage brought on by theft, fraud, or mistakes presents a major problem.

article thumbnail

Why Thermal and Impact Printers Remain Essential in High-Tech Restaurant Operations

Star Miconics

Label Printing to Improve Inventory Management Modern restaurants deploy technology to increase efficiency and operate more cost-effectively. Accurate inventory management is essential for cost control and maintaining a viable restaurant business. Furthermore, as food costs continue to rise, there’s no margin for error.