For retailers, the labor required in barcode stock counting is not just a significant investment, but also a testament to the importance of inventory accuracy. With such a substantial resource allocation, managing the operational efficiencies of this activity becomes paramount. Progressive retailers no longer view inventory counting as just an operational mandate; it has evolved […]
Following the successful collaboration in the Middle East over the past year, DATASCAN, LP and ALTAVANT today announced an extension of their strategic partnership to include regions of France and Central Europe. This extended alliance will ensure the delivery of comprehensive inventory counting solutions, offering retailers a greater choice of stock counting service that meets […]
As the retail world gets smarter, so does the way we shop. Inventory management software is the secret ingredient that’s helping stores offer you a shopping experience that feels like it’s made just for you. Why Customization and Personalization Matter Customization is all about giving businesses the tools to set up their inventory systems in […]
For years, the retail industry has discussed the out of stock (OOS) problem and how to solve it. The real challenge is how OOS’s are identified, since there is no way to survey customers as they leave the store to ask what items were missing from their cart, and taking a once or twice a […]
Contract Datascan, LP and Redfern Retail Risk Pty Ltd announced that the companies have entered a strategic partnership supporting inventory counting solutions for worldwide retailers in Australia and New Zealand. The agreement brings together the world’s premier physical inventory self-scan provider and Redfern Retail Risk, with 28 years of industry experience working for Australia and […]
In the fast-paced world of retail, staying ahead of the game is key. Efficient inventory management is at the core of it all. Let's explore how Inventory Management Software is changing the retail industry. The Power of Inventory Management Software Boosting Accuracy and Efficiency Picture having a tool that keeps an eye on all your […]
In today's fast-paced business world, staying competitive means adopting the latest technologies. Radio-Frequency Identification (RFID) is one such technology that can transform your business operations. This article provides a comprehensive guide to training your team for RFID excellence. Get Ready for RFID Success Before diving into RFID, you need a game plan. Start by creating […]
In the fast-moving world of retail, keeping your goods and store safe is a top priority. Theft and loss are constant concerns, so it's vital to use advanced tech to protect your business. One such tech hero in loss prevention is RFID (Radio-Frequency Identification). Let's explore how RFID technology is changing the game for retail […]
Macy’s conducted a study on their inventory accuracy in the late 2000’s, and found that after performing their year-end physical inventory in January, their inventory “distortion” increased by 2%-3% every month due to theft, shipping/receiving errors, cashier errors or improper returns. So, by the end of the year, their overstated/understated inventory distortion was around 36%. […]
