Remove Accounting Remove Point of Sale Remove Shrinkage
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How Retailers can Combat Inventory Shrinkage with Drone-Powered Warehouse Monitoring

Retail TouchPoints

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 257
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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. The US’ largest wine retailer makes 20% of their sales online, compared to 2% before the pandemic. So opportunity is abundant in the liquor retail market, for those retailers who can harness it.

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

Star Miconics

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.

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Avoiding Stockouts: 5 Preventable Causes of Out-of-Stocks and What to Do About Them

Retail Times

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.