STOCK MANAGEMENT

Electronic shelf labelling slowly displaces paper labels to counter rising costs and streamline frequent price changes. Retailers experience another change due to the constant innovation in electronic shelf labelling, especially in terms of new software. The keyword here is precision commerce: local as well as e-commerce focus again on targeting customers key group specifically.

Smart labels build the foundation for countless applications. Some examples would be optimized real-time management,  stock and cost minimization, reduced shortfall and waste for perishable wares. An already implemented scenario for optimized stock management is the “happy hour” in which retailers offer price reductions on perishable wares before closing time. A pure win-win situation in which waste is reduced, storage space is freed for new deliveries and customer interest is sparked. Thanks to the dynamic solutions of epricesign’s accurate, real-time price adjustments are just a matter of minutes or even automated.