Electronic Shelf Labels: How It is Helping to Manage Inventory Levels?
Managing and controlling the inventory is the lifeblood of the retail industry. As per the IHL Group, retailers lose nearly 1.1 trillion US dollars globally in overstocks, out-of-stocks, and inventory distortion costs. You don’t want to contribute to this number. Right?
With the technologically advanced world, it is not difficult to manage the inventory now. Thanks to ESL (Electronic shelf labels) technology. ESLs are gaining much popularity with inventory management and controlling. Want to know more about how they are helping in inventory management? Without further ado, delve into the article and fetch yourself with all the answers.
- 1 Here’s How Electronic Shelf Labels Helps:
- 1.1 Information to the in-store shoppers –
- 1.2 Giving details to retailers –
- 1.3 Assisting the Associate at the Shelf Edge –
- 1.4 Tackling out-of-stocks issues –
- 1.5 Advertisements and promotions display –
- 1.6 Dynamic centralized pricing –
- 1.7 In-store heat-mapping –
- 1.8 Error reduction –
- 1.9 21st century retailing –
- 2 To sum it all up
Here’s How Electronic Shelf Labels Helps:
Information to the in-store shoppers –
ESL is not just a fancy price tag but holds useful information for the customers. It reveals the current stock levels to the shopper. In this way, the shopper doesn’t need to seek the help of the store associate. Additionally, ESL Displays QR codes (Quick-response) so that the shoppers can find the item online without any hassle. With this, they can order things with ease and at the touch of a button.
Giving details to retailers –
ESL could mean colorful and fancy digital labels to the shoppers. But it is much more than that to the store associates and to the retailers. It not only reveals the stock levels but also alerts them about the incentives to sell specific products and aware them of the cross-selling tactics. You can reach the website SES-imagotag.com to learn more about it. In short, it is the cutting-edge technology that gives the indication of the alternate in-store location of the product so that you can’t miss out on the sale.
Assisting the Associate at the Shelf Edge –
ESL solution helps the retailers to present the information of inventory directly on the shelves. This makes it easy for the store associate to handle the customers. For instance – in a shoe store, the information about the shoe size and its availability is displayed at the shelf edge. Now the Associate would not have to go to the back room to check the availability of the shoes. In short, they don’t have to leave the customer’s side.
Tackling out-of-stocks issues –
Not to mention that most of the out-of-stock issues happen at the store level and not on the inventory management level. This can occur due to things like – delays in staff response and a few other things as well. ESLs link inventory management tools to the point-of-sale data, thereby alerting the staff about the stock levels so that they can handle it the right way. With this, the staff can put their full focus on selling quality products and delivering the best services to the customers.
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Advertisements and promotions display –
The festive time and stock clearance are usually time-consuming for any store regarding price control. To manage these times, the ESL system is rightly at your beck and call. It enables the control of multiple products that are still in stock and identifies the successful products so that you can manage the procurement of orders in advance.
Dynamic centralized pricing –
As ESL provides a centralized system of pricing, all price points in it are controlled with the software on a central workstation. This leads to a much more efficient and cost-effective means as compared to manual price adjustments. Besides, it enables dynamic pricing, which includes matching the demand for low inventory.
In-store heat-mapping –
When equipped with connectivity via communications technologies, electronic shelf labels can easily track the consumer movement throughout the store. Afterward, label management software produces a heat map of the store’s floor plan. This results in revealing high-traffic areas.
Error reduction –
There are various instances where the consumers are dissatisfied with the displayed price and the price paid by them. This consequently leads to a negative impact on the brand image. So, with the facility of the automated ESL system, the chances of these errors reduce drastically. Moreover, the cases of employee manipulations are also reduced as the labels are automatically updated through high/low frequency or infrared connections. In short, you don’t have to make much manual effort, thereby reducing the chances of errors considerably.
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21st century retailing –
As per a study, there are nearly 64% of customers believe that stores with cutting-edge technology and ESL provide better services to their customers in comparison to the stores without it. This is because ESL enhances the consumer perception about price accuracy. It allows you to share vital information about the products and give the customers the chance to have a look at their savings.
To sum it all up
It is needless to say that ESL technology is not just about managing the inventory, but there are other numerous benefits of it. As the technology can accept multiple data streams, there are boundless possibilities. All in all, it can be said that ESL technology is a boon in terms of saving cost and time for all the retailers and shoppers.
ReactJS Consulting – All You Need to Know
React. js is a popular front-end library for building user interfaces. If you’re looking to improve your React. js development skills, consulting with an experienced React. js developer can be a valuable investment.
React js consultants can help you solve problems related to the library’s usage, including: creating efficient and maintainable components, adapting to changing requirements, and debugging complex applications.
- 1 Reactjs Consulting Offers The Following Services:
- 2 How Reactjs Consulting Can Help You:
- 3 The Reactjs Consulting Team:
- 4 What Are The Benefits Of Working With A Reactjs Consultant?
- 5 How To Choose The Best Reactjs Consultant For Your Project?
- 6 Is Reactjs A Good Career?
- 7 Is It Worth Learning Reactjs In 2022?
- 8 Is Reactjs Still In Demand?
Reactjs Consulting Offers The Following Services:
How Reactjs Consulting Can Help You:
React is a popular front-end library for building user interfaces. It lets you build web applications using a declarative, component-based programming model. React is fast, efficient, and easy to use. However, it can be challenging to maintain your React. js app. React consulting can help you improve your app’s functionality, code quality, and maintainability.
Also Read: How to Become A Blockchain Developer?
The Reactjs Consulting Team:
Reactjs Consulting is a company that provides consulting services around ReactJS development. They have a great roster of developers with years of experience in the ReactJS ecosystem, so they are well-equipped to help you take your project to the next level.
What Are The Benefits Of Working With A Reactjs Consultant?
How To Choose The Best Reactjs Consultant For Your Project?
When choosing a Reactjs consultant for your project, it is important to consider a variety of factors. Language barrier can be a major obstacle, so it is important to choose someone with experience in the language. Additionally, you’ll want someone with domain expertise, since your project will likely involve working with specific problems or solutions. Finally, you’ll want someone who is affordable and flexible, since your project may require occasional changes or additions.
Is Reactjs A Good Career?
Reactjs is quickly becoming one of the most in-demand technologies in the world. It’s fast, flexible, and increasingly popular, making it a great choice for career growth. Reactjs is used by some of the biggest names in tech, so if you want to be part of the future of technology, learning Reactjs is a good choice.
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Is It Worth Learning Reactjs In 2022?
React is a front-end library that helps you build user interfaces. React is popular because it is easy to use and it’s maintainable. React also has a large community of developers who can help you with your problems.
Additionally, React is positioned to be the dominant front-end library in the next few years. This means that if you want to stay ahead of the curve, learning React is worth your time.
Is Reactjs Still In Demand?
It uses the React components library to build your applications. This library makes it possible to create reusable components so your applications are easier to maintain.
VoIP, Landlines, And Cellphones: Examining The Three Phone Calling Options
Technologies are advancing way quicker than they have ever before. This is the case in almost every industry (if not all) such as with telecommunications. Thanks to Freeje and other providers, you can now reach new heights that previous techs never made possible through VoIP.
More importantly, this gives you an additional option for who you want to manage communications in your enterprise. But among your options, is VoIP the one that makes the most sense for your business?
Before we answer that question, you must understand your options first. We’ll help you make an informed decision by delving into each major selection for phone calls. And by the end, we’ll present you with what we think would benefit you the most.
An option we’re all familiar with, landlines were a staple in households for generations. It hasn’t changed much since it was invented, retaining its most distinct feature – transmitting calls through copper wires.
- It’s stable. Even in disasters, landlines are usually the last to go.
- It’s limited by wires. You can only take a call when you’re within the reach of its wires. Otherwise, it’s not possible.
- It’s dated. There are far more sophisticated options that offer more without getting stuck in a contract with your phone company.
It’s a little more advanced than the first option as it doesn’t need you to be in one place at a time. Instead of copper wires, cell phones send data through cellular towers. And to activate its call features, you’ll need a SIM inserted.
- More versatile than a landline. A viable option for workers who are always in the field, it lets you keep connected without being stuck on a desk.
- It doesn’t work without a SIM. This may be provided by a phone company or can be bought on your own.
- It can be expensive. If you’re calling abroad, your local SIM will incur hefty international phone call charges.
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VoIP uses the internet for calls – this is the most important thing to remember about this one. Meaning, every device that you can normally use to access the internet can work with it, including landlines and cellphones.
Apart from those, you may also access a VoIP service with a computer. But it’s not what makes VoIP so unique. Enterprises of all sizes have loved this service because it gives them access to a lot of features previously only available if you’re willing to spend thousands of dollars.
In essence, it integrates all features that you need for communication, making it endlessly easier for you to change anything as you see fit.
And all it takes to get started? A virtual number – a virtual number that you can get through a VoIP provider for as low as $1 per month.
- It’s incredibly flexible. You’ll never be forced to retain a system that doesn’t suit your needs anymore. You can always change things around to make it work best for you.
- It’s way cheaper. Not only do you get all the once high-end features, but you also save cash. Some have even cut costs by as much as 80%.
- It’s more efficient. With everything in one place, you can detect redundancies and make room for improvement. VoIP can also give you access to information on which you can base your changes on.
- It’s not limited by location. You or your workers can be anywhere in the world and never miss a phone call. As long as you have an internet connection, you’re good to go.
- Numbers can be associated with different devices. This means that you can call anyone from the device that’s most convenient to you.
- You need a stable internet connection. As you’ll be sending data with it, any instability here can negatively affect the quality of the call and can even cause call drops.
Also Check: Guide to Download TweakBox for iPhone/iPad
Why VoIP reigns supreme over all phone communication options
For us, it’s definitely the obvious choice. But if you don’t see it that way yet, we invite you to think of it this way: a smartphone is better than its more basic counterpart because it combines the functions of multiple types of equipment.
In the same way, VoIP lets you enjoy all that streamlined communication has to offer. You don’t have to spend anywhere near what you would if you were to purchase every single feature that you want. It’s all in one place – the ‘cloud’ – so you can manage everything in one place.
Want to see how it is using the best option? We recommend Freeje Optimum business phone app to get started. Introducing you to the world of VoIP within just one app that lets you use and even purchase your first virtual number, making it the perfect way to discover and explore all the possibilities of switching to VoIP.
Does Having A Website Guarantee Growth In Business?
If not before, we’ve indeed learned a lesson about online businesses in 2020. Online presence is the key to success in this digital era. You might already know how important it is to have a website that can help your business grow online. But, little did you know that having a website does not guarantee business growth.
The truth of the matter is that having a website is only the stepping stone for entering into the world of digital commerce.
Read this- several reports confirm that more than half of the startups fail within the first year of their inception. And most of them set up an online store or a website.
So, where is it all going wrong? Of course, to set up your business online, you need a website. Besides, having a relevant domain name and a beautifully crafted website indeed influences business. But it requires a lot more than just creating a website to gain online success.
In this article, we’ll give you some practical ways to help you grow your online business.
So, keep reading to find the correct answers for all your whats, hows, and ifs.
Like Promotions Like Advertisements
For starters, you need to understand one thing; your website is like your shop. Your customers would only buy from you as long as they can find you.
You’ll need to promote and advertise your website (online business) the same way you’d do it for your physical retail store in your community or locality.
Note that, by similar promotions and advertisements, we do not mean magazine prints or TV coms. Investing in these traditional strategies could be way too expensive. And, luckily there are several other ways to do so.
For example, you can start with guest blogging and press releases about your business. Thus, improving website visibility in front of the masses. But remember, you only partner up with niche relevant blogs and magazines for guest posting and press releases.
Likewise, you can also include paid promotions such as Facebook ads and Google ads into your advertising plan.
NOTE: It is noteworthy that promotions and advertisements are not identical, although they work pretty similarly and for the same goal.
When you’re promoting, you’re not enticing your target audience to purchase at the very exact moment. Meaning you’re instead promoting your brand than your products.
Contrary to this, when you’re advertising, you’re asking your customers to make a purchase.
Also Read: Tips for choosing a WordPress Template and Why You Need Template Monster
Competitors Can Be Great Teachers
Most website owners assume that taking up the usual steps, such as optimizing keywords and building relevant backlinks, is enough. But, there’s a catch to this practice.
Consider this scenario.
Every website follows these steps. But, not every website ranks at the first position in search results. In other words, a few websites perform outstandingly, then the rest. Indeed, they are doing something exceptional that others are not.
Now, some websites within your niche (your competitors) should be ranking on top positions in search results. In contrast, others might be ranking on the tenth or maybe fiftieth page.
So, what is it that the top rankers are doing and the bottom rankers are missing in their marketing? Maybe it is a mix of paid and organic traffic sources. Or perhaps it all has to do something with the content that they have on their website.
To your surprise, you can indeed find out what’s helping your competitors rank better than others for your desired keywords. The practice is called competitor analysis. And once you’ve identified what’s helping your competitors outperform others, you’re already a step closer to growing your online business.
What you can do next is, adopt their strategy, modify it to suit your needs, and you’re good to go. And if it is working for your competitors, it should work for you as well.
Market Trends Help Maintain The Pace
Like all other things concerning your business, marketing trends also keep on changing. Precisely, digital marketing trends in 2021 are far more stern than it was a year ago. So what do you do?
You keep up with the trends.
Consider this –
Every change in the market drives specific changes in the industry operations. And also how consumers interact with the industry. For example, a change in consumer preference for pre-packed foods would also affect how food and beverage companies produce their products.
And the ones who can’t keep up with the market trends are often the ones to fail or are generally at the bottom of the market funnel.
Must Read: Improve your Business with Better Customer Success
Need For Robust And Holistic Approach
All in all, you need a way to market your website more than you need the website. Although your website is the stepping stone, it is not the end of your efforts.
Perhaps, coming up with a robust and holistic plan to penetrate the market should be your primary focus. And accordingly, things would start falling into place.
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