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? […]
In addition to the many apparel case studies that have been conducted, there is evidence of a huge shift in store fulfillment of ecommerce orders for other products via omnichannel. A few notable examples are: This shift from distribution center to store fulfillment, and the necessity for accurate inventory records, has driven many retailers to […]
EASY. ACCURATE. EFFIECIENT. FLEXIBLEAuto Parts Inventory Solutions DATASCAN’S PARTNERSHIP WITH ACCUPARTS Datascan is proud to partner with AccuParts to deliver parts inventory solutions to the auto industry. AccuParts brings unmatched experience and expertise in auto parts inventory management, with a comprehensive understanding of dealership operations, including DMS systems. Their knowledgeable and trained associates work with […]
It’s no secret that a customer who has a poor experience in a store will likely not return and often shares their experience with others, on social media or on review websites. That’s bad for a retailer’s business. But it gets worse: A 2019 study found that a potential customer who discovers a negative review […]
On their Q1 earnings call, United Parcel Service (UPS) said it plans to deploy its “smart package” initiative across the rest of its US delivery network this year, after its initial success at select facilities in 2022, according to CEO Carol Tomé. Use Cases Use cases for the “smart package” initiative include: Current Situation About […]
