Retail TouchPoints

JANUARY 10, 2024

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 306

Shrinkage Bar Codes Shipping Finance 306

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 261

Sporting Goods Payment Services Point of Sale Shrinkage 261

Cisco Retail

MAY 25, 2022

Shrinkage means the retailer has less physical inventory than their system reflects. There are other downstream implications to inaccurate inventory, like out-of-stocks, or “outs,” which can prevent retailers from fulfilling online orders or meeting in-store customer demand. Addressing Areas of Shrink at the Point-of-Sale (POS).

Loss Prevention 142

Loss Prevention Shrinkage Returns Point of Sale 142

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. Synchronizes inventory and sales data across all channels.

Payment Services 52

Payment Services Point of Sale Inventory Management Customer Experience 52

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 52

Apparel Fashion Inventory Management Management 52

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 98

Merchant Services Inventory Management Management Shrinkage 98