Remove ATS Remove Inventory Management Remove Loss Prevention
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AI Isn’t Going Anywhere: How Retailers Plan to Deploy the Tech in 2024

Retail TouchPoints

Artificial intelligence dominated headlines and water cooler conversations in 2023, and 2024 is looking to be no different (if the conversations and showcases at CES and NRF’s Big Show are any indication). But many of these tasks may just represent the low-hanging AI fruit.

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Sick of hearing about AI? The key is understanding how to make it work for you

Inside Retail

In this article, we will look at the benefits and the key areas to apply AI in the retail industry. Inventory management Predictive analytics: This helps optimise your stock levels, preventing overstocking and stockouts. Loss prevention: Employs advanced surveillance techniques to detect and prevent shoplifting.

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How Retailers can Combat the Rising Threat of Theft

Retail TouchPoints

Optimize inventory management: Like damaged products and shipping errors, theft can negatively impact retail inventory management. Chamber of Commerce indicates that 75% of all employees have stolen from their employer at least once. Throughout his retail career, loss prevention remained a focus.

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How Edge Computing Enables the Retail Store of the Future

Retail TouchPoints

Technology — specifically edge computing — provides the foundation for a better customer experience, real-time inventory management, enhanced security and loss prevention and in-store analytics. Those same cameras and sensors also are at the heart of the grab-and-go checkout system featured in Amazon Go stores.

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Navigating AI Adoption: Why the Co-Pilot Approach is the Most Successful  

Retail TouchPoints

Early use cases for AI in retail include inventory management, dynamic pricing, customer service chatbots, loss prevention and personalized marketing. Let’s take a look at how this progression works in several areas of the retail organization.

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

Inside Retail

Retailers worldwide may be facing challenging times right now, but the evolution of technology – including the deployment of AI – is opening the way to dramatic improvements in productivity at all stages of the retail business model. And that’s where your Workforce Management systems come into play,” says Bretherton.

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Stop out of stocks denting your profits this holiday season

I Vend

Here we take a look at how retail technology can help to streamline the top 10 key retail processes, and how a unified retail POS pulls them all together into a single, highly optimized retail operations platform. Inventory management – ‘the right goods, in the right place, at the right time’ sums up the core of retail.