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%. […]
Let’s look into the topic of inventory counting solutions and their potential impact on business operations. Our objective is to examine their ability to generate a substantial Return on Investment (ROI) and contribute to overall business improvement. The Critical Role of Inventory Management Inventory management is a foundational element of a successful business. It plays […]
In today's ever-evolving retail landscape, staying ahead of the curve is crucial for businesses aiming to remain competitive. As technology continues to advance and consumer preferences shift, retail innovations have become paramount in shaping the future of the industry. In this article, we'll explore the exciting developments in retail innovations, from RFID technology and augmented […]
In today's fast-paced world of retail, efficiency and accuracy are crucial. Retailers are continually seeking innovative solutions to streamline their operations while enhancing the customer experience. Radio-Frequency Identification (RFID) technology has emerged as a potent tool in achieving these objectives. In this article, we will primarily focus on how easy it is to set up […]
Introduction In today's rapidly evolving retail landscape, traditional brands are facing a critical choice: adapt or risk falling behind. Many retail brands are transitioning to direct-to-consumer (DTC) strategies, recognizing the immense benefits of establishing a direct relationship with customers. Why are brands making this shift and what are the advantages of embracing a DTC approach? […]
