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

Retail TouchPoints

Nvidia surveyed more than 400 retail professionals at all organizational levels and found that while AI adoption is still in its early stages, more than 60% of respondents are planning to boost their AI investments in the next 18 months. But many of these tasks may just represent the low-hanging AI fruit.

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

Inside Retail

Lifecycle pricing inventory management Zebra Technologies also has products focused on inventory management and Lifecycle Pricing. The software uses AI to help a retailer plan the introduction of new stock into a store and manage the pricing levels across its shelf life.

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Different Things to Consider Outsourcing in Your Retail Business (and Why)

Retail Focus

Order Fulfillment When outsourcing, retailers can benefit from streamlined inventory management, order processing, and shipping. This frees up your time to focus on strategic decision-making, financial planning, and growth initiatives.

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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. It’s tough to think past short-term solutions for pricing and marketing and plan for the more long-term success of the business.

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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. Throughout his retail career, loss prevention remained a focus. With Acuity Stamm provides retailers with actionable insights and real value to benefit their businesses.

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Using AI for Safety & Operations

Independent Retailer

Cameras also act as a theft deterrent, helping companies manage loss prevention. A company called Arlo has monthly business plans starting at about $12 for a store with more than a dozen cameras. A Singapore company called LionsBot International offers cleaning robots through a RaaS plan.

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7 Retail Operations You Must Manage Effectively

RETAIL MANAGEMENT SOFTWARE

InventoryInventory management involves having the right products in the right amounts at the right stores. Loss mitigation – You’ve got to monitor and track damaged and stolen products and put together a plan to mitigate future losses as every lost product eats into your store revenue and profit.