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For example, if your stores don’t have reliable network connections, it’s a good idea to seek out technology that operates in offline mode with no loss of efficiency. Ideally, these apps also should contribute to a better in-store shopper experience. in an interview with Retail TouchPoints.
5G can reduce wasted time and prevent inventory shrinkage, providing retailers with cost savings. A pallet of goods can be tracked from departure at the manufacturing site through transit to the store. Delivery and stocking experiences: 5G can support massive IoT connectivity, which can be used to improve product tracking capabilities.
Many retailers see a 4x return on their initial investment within a few months, thanks to broad applications spanning storeoperations, supply chain, e-commerce, and vendor relationships. In North America, 60% of items believed to be out-of-stock are actually in the store, highlighting the need for automation.
They help retailers ensure they have the right goods in the right place at the right time, improving store performance and enhancing customer experience. Reduce spoilage and shrinkage – carrying excess stock of perishable or seasonal items risks those goods becoming unsaleable (except, perhaps at a large discount).
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