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The escalating logistics costs are prompting retailers to seek increased profit margins, creating a ripple effect on pricing strategies and consumer affordability. Retail staff are grappling with managing various store sections and transitioning to fulfilling online orders, resulting in reduced in-store efficiency.
However, maintaining accurate inventory records across multiple locations and channels can be challenging, particularly for retailers with large and diverse product catalogs. Inaccurate Inventory Counts : Manual inventory tracking methods are prone to errors, leading to discrepancies in stock levels and inventory shrinkage.
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