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Owning a retail business in 2022 comes with several perks and changes. For the advantageous parts, you can also sell your products online through e-commerce websites and your own, which brings multiple sources of customers. However, this can also make inventory management a stretch, which is certainly an area that retailers need to double down on. Imagine having a customer purchase your product online and the payment is confirmed, only to find out that the product was already out of stock! The disappointment and frustration of a customer would be valid, but how can you prevent such occurrences from taking place? The solution lies with electronic shelf labels, also known as electronic price tags. Want to know how it can change your business for the better? Let’s take a look!
One of the salient features of SES-imagotag’s shelf labels is how effective they turn inventory keeping. Gone are the days when your store and warehouse employees had to struggle to physically count the inventory at all times. All you need to do is tag the products, while the software automatically takes into account the entire inventory. Then, based on your stores and availability, these tags would alert the store manager or inventory keeper regarding the volume and prices of each product, from a centralized interface.
Changing prices of products in individual stores, versus changing them throughout chains and the online stores can be a tedious task. To make things simpler, the shelf label tags can bring greater efficiency to pricing by simply changing one variable on the software, and all the prices change throughout the tags of a particular product.
As mentioned in the introduction, one of the fears of businesses is stock outs and still taking orders, which is a detriment to customer service. To keep the stocks flowing or removing the product from an online index, electronic tags are highly useful. Since the exact volume and serial numbers of each product is entered on the system, managers can set up stock out alerts and restocking limits to prevent such situations. This way, you can either display the message of the last few product availabilities online so the customer can make a quick purchase.
Checking out with manual tags that give problems while entering their details is the death of POS systems. Instead, e-tags can expedite the process of checkouts by provisioning quick and seamless data to the cashier. This will help improve customer service by reducing billing time and queues.
Customers know that several brands have varying prices in a few stores and online websites, which is why they resort to cross-comparisons. You can streamline the prices of your products easily throughout all stores by making sure the electronic tags are priced uniformly.
If you haven’t gotten to investing in electronic shelf labels for your retail store, the time to go get it is now. Make sure that you choose a reliable technological partner to ensure maximum business profits!
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